Nonpareil Rentals Limited 30/04/2019 iXBRL

Nonpareil Rentals Limited 30/04/2019 iXBRL

NONPAREIL RENTALS LIMITED - Company Information

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Company registration number: 00654995
Nonpareil Rentals Limited
Unaudited filleted financial statements
30 April 2019
Nonpareil Rentals Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Nonpareil Rentals Limited
Directors and other information
Director M Brown
Company number 00654995
Registered office Wicklow
Hill Crescent
Haverhill
Suffolk
CB9 0DF
Business address Wicklow
Hill Crescent
Haverhill
Suffolk
CB9 0DF
Accountants Dilloways
Weavers Business Centre
6 Hamlet Road
Haverhill
Suffolk
CB9 8EE
Nonpareil Rentals Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Nonpareil Rentals Limited
Year ended 30 April 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nonpareil Rentals Limited for the year ended 30 April 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
This report is made solely to the director of Nonpareil Rentals Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Nonpareil Rentals Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nonpareil Rentals Limited and its director as a body for our work or for this report.
It is your duty to ensure that Nonpareil Rentals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nonpareil Rentals Limited. You consider that Nonpareil Rentals Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Nonpareil Rentals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Dilloways
Chartered Accountants
Weavers Business Centre
6 Hamlet Road
Haverhill
Suffolk
CB9 8EE
6 January 2020
Nonpareil Rentals Limited
Statement of financial position
30 April 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 4 833,325 833,470
_______ _______
833,325 833,470
Current assets
Cash at bank and in hand 16,507 41,684
_______ _______
16,507 41,684
Creditors: amounts falling due
within one year 5 ( 9,326) ( 38,552)
_______ _______
Net current assets 7,181 3,132
_______ _______
Total assets less current liabilities 840,506 836,602
_______ _______
Net assets 840,506 836,602
_______ _______
Capital and reserves
Called up share capital 611 611
Profit and loss account 839,895 835,991
_______ _______
Shareholders funds 840,506 836,602
_______ _______
For the year ending 30 April 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 06 January 2020 , and are signed on behalf of the board by:
M Brown
Director
Company registration number: 00654995
Nonpareil Rentals Limited
Notes to the financial statements
Year ended 30 April 2019
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Wicklow, Hill Crescent, Haverhill, Suffolk, CB9 0DF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered.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.
Taxation
The taxation expense represents the current tax recognised in the reporting period. 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.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation.
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:
Freehold property - freehold properties are held as investments and are not depreciated.
Fittings fixtures and equipment - 25 % straight line
4. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 May 2018 and 30 April 2019 833,325 576 833,901
_______ _______ _______
Depreciation
At 1 May 2018 - 431 431
Charge for the year - 145 145
_______ _______ _______
At 30 April 2019 - 576 576
_______ _______ _______
Carrying amount
At 30 April 2019 833,325 - 833,325
_______ _______ _______
At 30 April 2018 833,325 145 833,470
_______ _______ _______
5. Creditors: amounts falling due within one year
2019 2018
£ £
Corporation tax 7,838 7,396
Other creditors 1,488 31,156
_______ _______
9,326 38,552
_______ _______