Ribble Valley Property Management Limited Filleted accounts for Companies House (small and micro)

Ribble Valley Property Management Limited Filleted accounts for Companies House (small and micro)

RIBBLE VALLEY PROPERTY MANAGEMENT LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2018-12-01 Sage Accounts Production Advanced 2019 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 03882932 2018-12-01 2019-11-30 03882932 2019-11-30 03882932 2018-11-30 03882932 2018-11-30 03882932 bus:Director3 2018-12-01 2019-11-30 03882932 core:WithinOneYear 2019-11-30 03882932 core:WithinOneYear 2018-11-30 03882932 core:FurnitureFittings 2018-11-30 03882932 core:LandBuildings 2019-11-30 03882932 core:FurnitureFittings 2019-11-30 03882932 core:AfterOneYear 2019-11-30 03882932 core:AfterOneYear 2018-11-30 03882932 core:ShareCapital 2019-11-30 03882932 core:ShareCapital 2018-11-30 03882932 core:RetainedEarningsAccumulatedLosses 2019-11-30 03882932 core:RetainedEarningsAccumulatedLosses 2018-11-30 03882932 core:FurnitureFittings 2018-12-01 2019-11-30 03882932 core:LandBuildings 2018-11-30 03882932 core:FurnitureFittings 2018-11-30 03882932 bus:SmallEntities 2018-12-01 2019-11-30 03882932 bus:AuditExemptWithAccountantsReport 2018-12-01 2019-11-30 03882932 bus:FullAccounts 2018-12-01 2019-11-30 03882932 bus:SmallCompaniesRegimeForAccounts 2018-12-01 2019-11-30 03882932 bus:PrivateLimitedCompanyLtd 2018-12-01 2019-11-30
COMPANY REGISTRATION NUMBER: 03882932
RIBBLE VALLEY PROPERTY MANAGEMENT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2019
RIBBLE VALLEY PROPERTY MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2019
2019
2018
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
156,448
156,758
CURRENT ASSETS
Cash at bank and in hand
1,833
1,651
CREDITORS: amounts falling due within one year
5
68,234
69,024
--------
--------
NET CURRENT LIABILITIES
66,401
67,373
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
90,047
89,385
CREDITORS: amounts falling due after more than one year
6
58,638
67,384
--------
--------
NET ASSETS
31,409
22,001
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
31,309
21,901
--------
--------
SHAREHOLDERS FUNDS
31,409
22,001
--------
--------
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.
For the year ending 30 November 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RIBBLE VALLEY PROPERTY MANAGEMENT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2019
These financial statements were approved by the board of directors and authorised for issue on 26 August 2020 , and are signed on behalf of the board by:
M.J. Noone
Director
Company registration number: 03882932
RIBBLE VALLEY PROPERTY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 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 65 Whalley Road, Read, Burnley, Lancashire, BB12 7PN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) 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.
(b) Revenue recognition
The turnover shown in the profit and loss account represents the invoice value of goods supplied in the year.
(c) Taxation
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.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) 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:
Fixtures & Fittings
-
25% per annum reducing balance
(f) Financial instruments
Basic financial instruments are recognised at amortised cost.
4. TANGIBLE ASSETS
Freehold Property
Fixtures & Fittings
Total
£
£
£
Cost
At 1 December 2018 and 30 November 2019
155,518
43,262
198,780
---------
--------
---------
Depreciation
At 1 December 2018
–
42,022
42,022
Charge for the year
–
310
310
---------
--------
---------
At 30 November 2019
–
42,332
42,332
---------
--------
---------
Carrying amount
At 30 November 2019
155,518
930
156,448
---------
--------
---------
At 30 November 2018
155,518
1,240
156,758
---------
--------
---------
5. CREDITORS: amounts falling due within one year
2019
2018
£
£
Bank loans and overdrafts
8,775
8,775
Trade creditors
4,022
3,770
Accruals and deferred income
600
600
Corporation tax
3,832
3,416
Director loan accounts
51,005
52,463
--------
--------
68,234
69,024
--------
--------
The bank borrowings are secured by the company.
6. CREDITORS: amounts falling due after more than one year
2019
2018
£
£
Bank loans and overdrafts
58,638
67,384
--------
--------
The bank borrowings are secured by the company.
7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
There are no transactions with directors that require disclosure under FRS 102.
8. RELATED PARTY TRANSACTIONS
The company was under the control of the director, Mr. M.J. Noone throughout the year by virtue of his 100% shareholding. No transactions with related parties were undertaken such as are required to be disclosed under the provisions of FRS 102 Section 1A.