Rowden Court Management Company Limited 31/12/2019 iXBRL

Rowden Court Management Company Limited 31/12/2019 iXBRL

ROWDEN COURT MANAGEMENT COMPANY LIMITED - Company Information

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31/12/2019 2019-12-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2019-01-01 Sage Accounts Production 19.0 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 02048088 2019-01-01 2019-12-31 02048088 2019-12-31 02048088 2018-12-31 02048088 2018-12-31 02048088 bus:Director1 2019-01-01 2019-12-31 02048088 core:WithinOneYear 2019-12-31 02048088 core:WithinOneYear 2018-12-31 02048088 core:FurnitureFittingsToolsEquipment 2018-12-31 02048088 core:FurnitureFittingsToolsEquipment 2019-12-31 02048088 core:ShareCapital 2019-12-31 02048088 core:ShareCapital 2018-12-31 02048088 core:RetainedEarningsAccumulatedLosses 2018-12-31 02048088 core:FurnitureFittingsToolsEquipment 2019-01-01 2019-12-31 02048088 core:FurnitureFittingsToolsEquipment 2018-12-31 02048088 bus:SmallEntities 2019-01-01 2019-12-31 02048088 bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 02048088 bus:FullAccounts 2019-01-01 2019-12-31 02048088 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 02048088 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 02048088 core:OtherCapitalReserve 2019-12-31 02048088 core:OtherCapitalReserve 2018-12-31
Company registration number: 02048088
Rowden Court Management Company Limited
Unaudited filleted financial statements
31 December 2019
ROWDEN COURT MANAGEMENT COMPANY LIMITED
Contents
Statement of financial position
Notes to the financial statements
ROWDEN COURT MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 5 - 27
_______ _______
- 27
Current assets
Debtors 6 9,204 5,071
Cash at bank and in hand 12,713 27,587
_______ _______
21,917 32,658
Creditors: amounts falling due
within one year 7 ( 9,335) ( 10,874)
_______ _______
Net current assets 12,582 21,784
_______ _______
Total assets less current liabilities 12,582 21,811
_______ _______
Net assets 12,582 21,811
_______ _______
Capital and reserves
Called up share capital 18 18
Contingency reserve 8 12,564 16,576
Profit and loss account 8 - 5,217
_______ _______
Shareholders funds 12,582 21,811
_______ _______
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 February 2020 , and are signed on behalf of the board by:
Mr N Walker
Director
Company registration number: 02048088
ROWDEN COURT MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 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 26-28 Southernhay East, Exeter, Devon, EX1 1NS.
Principal activity
The principal activity of the company is the management of the ongoing running expenses for the self- contained cottages at Rowden Court.
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 basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Changes in accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period and have been consistently applied.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover represents the total management fees receivable to cover the ongoing running expenses of the self-contained cottages at Rowden Court, Noss Mayo, Plymouth.
Tangible assets
Tangible assets are included at cost less depreciation and impairment.
Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows: Fixtures, fittings and equipment - 25% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to Nil (2018: Nil).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2019 and 31 December 2019 365 365
_______ _______
Depreciation
At 1 January 2019 338 338
Charge for the year 27 27
_______ _______
At 31 December 2019 365 365
_______ _______
Carrying amount
At 31 December 2019 - -
_______ _______
At 31 December 2018 27 27
_______ _______
6. Debtors
2019 2018
£ £
Other debtors 9,204 5,071
_______ _______
7. Creditors: amounts falling due within one year
2019 2018
£ £
Accruals and deferred income 1,210 1,639
Social security and other taxes 5 5
Other creditors 8,120 9,230
_______ _______
9,335 10,874
_______ _______
8. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.