ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

RES PROPERTIES LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2019-08-312019-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueHolding companyfalse2018-09-01 08548696 2018-09-01 2019-08-31 08548696 2017-09-01 2018-08-31 08548696 2019-08-31 08548696 2018-08-31 08548696 c:Director2 2018-09-01 2019-08-31 08548696 d:CurrentFinancialInstruments 2019-08-31 08548696 d:CurrentFinancialInstruments 2018-08-31 08548696 d:CurrentFinancialInstruments d:WithinOneYear 2019-08-31 08548696 d:CurrentFinancialInstruments d:WithinOneYear 2018-08-31 08548696 d:ShareCapital 2019-08-31 08548696 d:ShareCapital 2018-08-31 08548696 c:FRS102 2018-09-01 2019-08-31 08548696 c:AuditExempt-NoAccountantsReport 2018-09-01 2019-08-31 08548696 c:FullAccounts 2018-09-01 2019-08-31 08548696 c:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31 iso4217:GBP xbrli:pure

Registered number: 08548696









RES PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2019
 
RES PROPERTIES LIMITED
REGISTERED NUMBER: 08548696

BALANCE SHEET
AS AT 31 AUGUST 2019

2019
2018
Note
£
£

Fixed assets
  

Investments
 4 
50
-

  
50
-

Current assets
  

Debtors
 5 
100
100

Creditors: amounts falling due within one year
  
(50)
-

Net current assets
  
 
 
50
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
 7 
100
100

  
100
100


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2019.


Issac A Shomade
Director


The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
RES PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

1.


General information

RES Properties Limited is a private company limited by shares and incorproated in England and Wales. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The principal activity is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).

Page 2
 
RES PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
50



At 31 August 2019
50





5.


Debtors

2019
2018
£
£


Called up share capital not paid
100
100

100
100



6.


Creditors: Amounts falling due within one year

2019
2018
£
£

Other creditors
50
-

50
-



7.


Share capital

2019
2018
£
£
Authorised, allotted, called up and fully paid



100 (2018 - 100) Ordinary shares of £1.00 each
100
100


Page 3