R & S Young Management Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08227226 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

R & S Young Management Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S Young

REGISTERED OFFICE:

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

REGISTERED NUMBER:

08227226 (England and Wales)

ACCOUNTANTS:

Johnston Wood Roach Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Investments

4

3

3

CURRENT ASSETS

Debtors

5

31,488

16,298

Cash at bank

15,922

20,983

47,410

37,281

CREDITORS

Amounts falling due within one year

6

1,244

2,294

NET CURRENT ASSETS

46,166

34,987

TOTAL ASSETS LESS CURRENT LIABILITIES

46,169

34,990

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

46,167

34,988

SHAREHOLDERS' FUNDS

46,169

34,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 December 2020 and were signed by:

Mrs S Young - Director

1.	STATUTORY INFORMATION

R & S Young Management Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2019

and 30 September 2020

3

NET BOOK VALUE

At 30 September 2020

3

At 30 September 2019

3

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Amounts owed by group undertakings

31,488

16,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

-

1

Other creditors

1,244

2,293

1,244

2,294

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020 and 30 September 2019:

30.9.20

30.9.19

£

£

Mrs S Young

Balance outstanding at start of year

(1,513

)

(930

)

Amounts advanced

1,049

10,520

Amounts repaid

-

(11,103

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(464

)

(1,513

)

At the year end the company owed the director £464 (2019 :£1,53)..

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.