R S Homes Kent Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05835579 (England and Wales)

R S HOMES KENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R Cross

SECRETARY:

Mrs H A Cross

REGISTERED OFFICE:

Steinkerque

Manston Road

Margate

Kent

CT9 4LT

REGISTERED NUMBER:

05835579 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Investment property

4

665,000

665,000

CREDITORS

Amounts falling due within one year

5

394,132

394,696

NET CURRENT LIABILITIES

(394,132

)

(394,696

)

TOTAL ASSETS LESS CURRENT LIABILITIES

270,868

270,304

PROVISIONS FOR LIABILITIES

58,330

58,330

NET ASSETS

212,538

211,974

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

212,537

211,973

SHAREHOLDERS' FUNDS

212,538

211,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2020 and were signed by:

Mr R Cross - Director

1.	STATUTORY INFORMATION

R S Homes Kent Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 July 2018

and 30 July 2019

665,000

NET BOOK VALUE

At 30 July 2019

665,000

At 30 July 2018

665,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

9,163

9,148

Taxation and social security

1,334

1,128

Other creditors

383,635

384,420

394,132

394,696