Roche Retirement Living Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11043995 (England and Wales)

Financial Statements for the Year Ended 31 July 2020

for

Roche Retirement Living Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Roche

Mrs C E Roche

REGISTERED OFFICE:

Unit 1, Manor Court

Manor Hill Lane

Leeds

West Yorkshire

LS11 8LQ

REGISTERED NUMBER:

11043995 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

2nd Floor, Woodside House

261 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NY

CURRENT ASSETS

Stocks

1,999,904

719,360

Debtors

4

53,383

30,486

Cash at bank and in hand

12,897

97,770

2,066,184

847,616

CREDITORS

Amounts falling due within one year

5

2,106,960

850,854

NET CURRENT LIABILITIES

(40,776

)

(3,238

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(40,776

)

(3,238

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(40,876

)

(3,338

)

SHAREHOLDERS' FUNDS

(40,776

)

(3,238

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 April 2021 and were signed on its behalf by:

P J Roche - Director

1.	STATUTORY INFORMATION

Roche Retirement Living Ltd 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.

The accounts are produced on a going concern basis due to the continuing support of the directors and shareholders in the foreseeable future.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments are recognised at amortised costs.

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 (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Other debtors

53,383

30,486

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Trade creditors

7,471

80,049

Other creditors

2,099,489

770,805

2,106,960

850,854

6.	SECURED DEBTS

The bank hold a fixed and floating charge over all the property and undertakings of the company.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2020 and 31 July 2019:

31.7.20

31.7.19

£

£

Mrs C E Roche

Balance outstanding at start of year

-

50

Amounts repaid

-

(50

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

P J Roche

Balance outstanding at start of year

-

50

Amounts repaid

-

(50

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-