Recreation Road Limited Filleted accounts for Companies House (small and micro)
Recreation Road Limited Filleted accounts for Companies House (small and micro)
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
07587125
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FOR THE YEAR ENDED |
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REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 31 MARCH 2019
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2019 |
2018 |
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Note |
£ |
£ |
£ |
£ |
Fixed Assets
Tangible assets |
4 |
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Current Assets
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net Current Liabilities |
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Total Assets Less Current Liabilities |
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Creditors: amounts falling due after more than one year |
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Net Liabilities |
(
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(
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Capital and Reserves
Called up share capital |
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Profit and loss account |
(
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(
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Shareholders Deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 October 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
07587125
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2019
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
3.
Accounting Policies
Basis of preparation
Going concern
Attention is drawn to the deficit shown on the company's balance sheet. These accounts have been prepared on the going concern basis as the deficit was created solely from a capital loss on the sale of freehold property. The company is expected to continue trading profitably in the future and has the continuing financial support of its directors.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
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Equipment |
- |
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Impairment of fixed assets
Financial instruments
4.
Tangible Assets
£ |
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Cost |
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At 1 April 2018 and 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
34,208 |
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At 31 March 2018 |
36,008 |
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5.
Financial Instruments at Fair Value
2019 |
2018 |
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£ |
£ |
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Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss |
7,518 |
7,741 |
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Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss |
517 |
485 |
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6.
Directors' Advances, Credits and Guarantees
At the balance sheet date, the company's directors were collectively owed £57,488 (2018: £79,512).
7.
Related Party Transactions
The company owed £22,195 (2018: £24,662) to Bromsgrove Healthcare Innovations Limited at the year end, by way of commercial loan. This company has certain directors and shareholders in common with Recreation Road Limited. Interest has been charged during the period at a rate of 3.4176% per annum. The company made equipment hire charges to Churchfields Surgery during the year totalling £3,309 (2018: £3,568). Churchfields Surgery is a G.P. partnership of which certain of the partners are directors of Recreation Road Limited.