Rontades Limited - Accounts to registrar (filleted) - small 18.2
Rontades Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| RONTADES LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| RONTADES LIMITED (REGISTERED NUMBER: 01637128) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| RONTADES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| First Floor |
| 94 Stamford Hill |
| London |
| N16 6XS |
| RONTADES LIMITED (REGISTERED NUMBER: 01637128) |
| BALANCE SHEET |
| 30 JUNE 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| RONTADES LIMITED (REGISTERED NUMBER: 01637128) |
| BALANCE SHEET - continued |
| 30 JUNE 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| RONTADES LIMITED (REGISTERED NUMBER: 01637128) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 1. | STATUTORY INFORMATION |
| Rontades Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the historical cost basis, as modified to include |
| investment properties measured at fair value through profit or loss. |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, |
| estimates and assumptions about the carrying amounts of assets and liabilities that are not readily |
| apparent from other sources. The estimates and associated assumptions are based on historical |
| experience and other factors that are considered to be relevant. The estimates and underlying |
| assumptions are based on historical experience and other factors that are considered to be relevant. |
| Actual results may differ from these estimates. |
| The valuation of investment properties is inherently subjective, depending on many factors, including |
| the individual nature of each property, its location and expected future net rental values, market yields |
| and comparable market transactions. Therefore the valuations are subject to a degree of uncertainty |
| and are made on the basis of assumptions which may not prove to be accurate, particularly in period of |
| difficult market or economic conditions. |
| Turnover |
| The turnover of the company is represented by rents and charges receivable in respect of the |
| company's investment portfolio and donations received. Rental income is accounted for on an accruals |
| basis. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property, which is property held to earn rentals and/or for capital appreciation, 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. |
| Taxation |
| The charitable company is not liable to direct taxation on its income as it falls within the various |
| exemptions available to registered charities. |
| Acquisitions and disposals of properties |
| Acquisitions and disposals of properties are considered to take place at the date of legal completion |
| and are included in the Financial Statements accordingly. |
| RONTADES LIMITED (REGISTERED NUMBER: 01637128) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Unlisted |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2018 | 5,943,073 |
| Additions | 1,276,158 |
| Disposals | ( |
) | (450,841 | ) |
| At 30 June 2019 | 6,768,390 |
| NET BOOK VALUE |
| At 30 June 2019 | 6,768,390 |
| At 30 June 2018 | 5,943,073 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2018 |
| Additions |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| The fair value of the investment properties has been arrived at on the basis of a valuation carried out |
| by the company's directors who are considered to have the experience and expertise required to |
| undertake such an exercise. The valuation was made on an open market value basis by reference to |
| market evidence of transaction prices for similar properties in the same location. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
| 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
| party transactions with wholly owned subsidiaries within the group. |
| RONTADES LIMITED (REGISTERED NUMBER: 01637128) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| 8. | RELATED PARTY DISCLOSURES - continued |
| Donations totalling £75,000 were received from a charity connected with the directors. No conditions |
| were attached to any of the donations. |
| The company's properties are managed by Blair Estates Limited, a company of which the directors of |
| this company are also directors. |