Rossdale (Overseas) Properties Limited Accounts

ROSSDALE (OVERSEAS) PROPERTIES LIMITED - Company Information






Rossdale (Overseas) Properties Limited

	Company No. 03307320
		Information for Filing with The Registrar
		31 March 2020

The Directors present their report and the accounts for the year ended 31 March 2020.

Principal activities
The principal activity of the company during the year under review was that of owning and running a freehold chalet as a chalet let out to third parties.




Directors

The Directors who served at any time during the year were as follows:

V.V. Coleman
C.G. Rossdale
C.M. Rossdale
E.G. Rossdale
S.E. Rossdale

































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

E.G. Rossdale
Director
12 July 2020

at	31 March 2020
Company No.		03307320	Notes	2020	2019
				£	£
Fixed assets

	Tangible assets		3	536,861	537,361


				536,861	537,361
Current assets

	Debtors		4	10,895	5,417

	Cash at bank and in hand			1,081	219
				11,976	5,636
Creditors: Amount falling due within one year			5	(375,657)	(379,406)
Net current liabilities				(363,681)	(373,770)
Total assets less current liabilities				173,180	163,591




Net assets				173,180	163,591

Capital and reserves
	Called up share capital			164,003	164,003
	Share premium account		6	10,540	10,540


	Profit and loss account		6	(1,363)	(10,952)

Total equity				173,180	163,591



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the 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 accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 12 July 2020
And signed on its behalf by:
E.G. Rossdale
Director
12 July 2020

for the year ended 31 March 2020

General information

Its registered number is: 03307320

Its registered office is:

Its trading address is:

Preston Court

Dockens Water

Preston-on-Wye

Linwood

Hereford

Hampshire

HR2 9JU

BH24 3QY

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

3	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2019	535,361	24,228	559,589




		At 31 March 2020	535,361	24,228	559,589
		Depreciation
		At 1 April 2019	-	22,228	22,228
		Charge for the year	-	500	500



		At 31 March 2020	-	22,728	22,728
		Net book values
		At 31 March 2020	535,361	1,500	536,861
		At 31 March 2019	535,361	2,000	537,361

4	Debtors
			2020	2019
			£	£






		Other debtors	10,895	5,417

			10,895	5,417

5	Creditors:
		amounts falling due within one year
			2020	2019
			£	£






		Corporation tax	907	-

		Loans from directors	374,150	378,805

		Accruals and deferred income	600	601
			375,657	379,406

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Name of related party

E.G. Rossdale

Description of relationship between the parties

Director

Description of transaction and general amounts involved

The directors and shareholders pay full market value for their occupancy of the chalet.

Amount due from/(to) the related party

Provision for doubtful debts due from the related party

Amounts written off in the period in respect of debts from/(to) the related party