R.J. BLACKMORE LIMITED Filleted accounts for Companies House (small and micro)

R.J. BLACKMORE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01214137

R.J. BLACKMORE LIMITED

Filleted Unaudited Financial Statements

For the year ended

31 March 2019

R.J. BLACKMORE LIMITED

Financial Statements

Year ended 31 March 2019

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

R.J. BLACKMORE LIMITED

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		183,304	182,894

Current assets

Debtors	6	4,237	6,029
Cash at bank and in hand		64,722	108,344
		--------	---------
		68,959	114,373

Creditors: amounts falling due within one year	7	( 15,460)		( 32,217)
		--------		---------
Net current assets			53,499	82,156
			---------	---------
Total assets less current liabilities			236,803	265,050

Provisions

Taxation including deferred tax	8	( 17,286)	( 17,286)
		---------	---------
Net assets		219,517	247,764
		---------	---------

Capital and reserves

Called up share capital	10	1,000	1,000
Other reserves	11	84,395	84,395
Profit and loss account	11	134,122	162,369
		---------	---------
Shareholders funds		219,517	247,764
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

R.J. BLACKMORE LIMITED

Statement of Financial Position (continued)

31 March 2019

These financial statements were approved by the board of directors and authorised for issue on 20 December 2019 , and are signed on behalf of the board by:

C R BLACKMORE
Director

Company registration number: 01214137

R.J. BLACKMORE LIMITED

Notes to the 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 7 Grove Gardens, Teddington, Middlesex, TW11 8AR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, other than investment properties measured at fair value through profit or loss. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

Trade receivables

Trade receivables do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.

Trade payables

Trade payables do not carry any interest and are stated at their original invoice value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. Revenue is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods or provision of services.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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, fittings and equipment	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).

5. Tangible assets

	Investment property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2018	180,000	29,127	10,142	219,269
Additions	–	894	–	894
	---------	--------	--------	---------
At 31 March 2019	180,000	30,021	10,142	220,163
	---------	--------	--------	---------
Depreciation
At 1 April 2018	–	26,288	10,087	36,375
Charge for the year	–	470	14	484
	---------	--------	--------	---------
At 31 March 2019	–	26,758	10,101	36,859
	---------	--------	--------	---------
Carrying amount
At 31 March 2019	180,000	3,263	41	183,304
	---------	--------	--------	---------
At 31 March 2018	180,000	2,839	55	182,894
	---------	--------	--------	---------

Included within the above is investment property as follows:

	£
	---------
At 1 April 2018 and 31 March 2019	180,000
	---------

The fair value of the investment property has been arrived at by the valuation carried out by the director. The fair value is based on the market value of the property.

6. Debtors

	2019	2018
	£	£
Trade debtors	3,521	5,384
Other debtors	716	645
	-------	-------
	4,237	6,029
	-------	-------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	1,633	7,136
Social security and other taxes	70	2,225
Other creditors	13,757	22,856
	--------	--------
	15,460	32,217
	--------	--------

8. Provisions

	Deferred tax (note 9)
	£
At 1 April 2018 and 31 March 2019	17,286
	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2019	2018
	£	£
Included in provisions (note 8)	17,286	17,286
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2019	2018
	£	£
Fair value adjustment of investment property	17,286	17,286
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000.00	1,000	1,000.00
	-------	----------	-------	----------

11. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses. Other reserves - This reserve records fair value gains on investment properties net of deferred tax.

12. Related party transactions

The company entered into the following related party transactions during the year:

Nature of Relationship	Transaction Type	2019	2018
		£	£
Director and shareholder	Sales made to	1,594	-

Director and shareholder(Deceased)	Sales made to	340	1,636