Restdale Investments Limited - Accounts to registrar (filleted) - small 18.2
Restdale Investments Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2020 |
for |
RESTDALE INVESTMENTS LIMITED |
RESTDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 03736862) |
Contents of the Financial Statements |
for the year ended 31 March 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
RESTDALE INVESTMENTS LIMITED |
Company Information |
for the year ended 31 March 2020 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
5-6 Greenfield Crescent |
Edgbaston |
Birmingham |
B15 3BE |
RESTDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 03736862) |
Balance Sheet |
31 March 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
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 |
RESTDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 03736862) |
Notes to the Financial Statements |
for the year ended 31 March 2020 |
1. | Statutory information |
Restdale Investments Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Rent receivable is recognised on a straight line basis over the period of the lease. |
Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
Land and buildings freehold - no depreciation |
Fixtures, fittings & equipment - 15% on cost |
The gain or loss on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
The director considers that the freehold property is maintained in such a level of condition that its residual value is not significantly different to its carrying value, and thus any depreciation charged would be immaterial. |
At each period end the company reviews the carrying amount of the property assets to determine whether there is any indication that they have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is calculated and the shortfall compared to book value is charged to profit or loss. |
Financial instruments |
The company has chosen to apply the small company exemption from the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102, to all of its financial instruments. |
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. |
RESTDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 03736862) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2020 |
2. | Accounting policies - continued |
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. |
Pension costs and other employee benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. |
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 April 2019 |
Disposals | ( |
) | ( |
) |
At 31 March 2020 |
Depreciation |
At 1 April 2019 |
Charge for year |
At 31 March 2020 |
Net book value |
At 31 March 2020 |
At 31 March 2019 |
5. | Debtors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Trade debtors |
Other debtors |
RESTDALE INVESTMENTS LIMITED (REGISTERED NUMBER: 03736862) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2020 |
6. | Creditors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 105,971 | 83,932 |
Taxation and social security |
Other creditors |
7. | Director's advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 31 March 2020 and 31 March 2019: |
2020 | 2019 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
P Bailey waived his right to the dividend distribution in the year ended 31 March 2019. |
8. | Related party disclosures |
The following amounts were owed to related parties at the reporting end date: |
Other related parties £105,971 (2019 £83,932) |
The following amounts were owed by related parties at the reporting end date: |
Other related parties £84,834 (2019 £166 creditor) |