R.R. Leisureways (Two) Limited - Accounts to registrar (filleted) - small 18.2

R.R. Leisureways (Two) Limited - Accounts to registrar (filleted) - small 18.2

R.R. LEISUREWAYS (TWO) LIMITED - Company Information

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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

R.R. LEISUREWAYS (TWO) LIMITED
R.R. LEISUREWAYS (TWO) LIMITED (REGISTERED NUMBER: 02392794)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

R.R. LEISUREWAYS (TWO) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2020







DIRECTOR: D Clarke





REGISTERED OFFICE: Olympic House
Masboro Street
Rotherham
South Yorkshire
S60 1EF





REGISTERED NUMBER: 02392794 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN
Page 1
R.R. LEISUREWAYS (TWO) LIMITED (REGISTERED NUMBER: 02392794)

BALANCE SHEET
31 December 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336,237 279,401
Investments 5 99 99
336,336 279,500

CURRENT ASSETS
Stocks 382,057 223,241
Debtors 6 140,791 85,912
Cash at bank and in hand 18,927 2,003
541,775 311,156
CREDITORS
Amounts falling due within one year 7 767,048 553,875
NET CURRENT LIABILITIES (225,273 ) (242,719 )
TOTAL ASSETS LESS CURRENT LIABILITIES 111,063 36,781

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 110,963 36,681
SHAREHOLDERS' FUNDS 111,063 36,781

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 22 September 2021 and were signed by:





D Clarke - Director


The notes form part of these financial statements

Page 2
R.R. LEISUREWAYS (TWO) LIMITED (REGISTERED NUMBER: 02392794)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2020

1. STATUTORY INFORMATION

R.R. Leisureways (Two) 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 (£).


The company has prepared its financial statements for a twelve month period. The prior period covers three months, therefore, the figures may not be entirely comparable between the current year and the prior period.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2019 - 7 ) .

Page 3 continued...
R.R. LEISUREWAYS (TWO) LIMITED (REGISTERED NUMBER: 02392794)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2020

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2020 458,320 200,569 658,889
Additions - 77,199 77,199
At 31 December 2020 458,320 277,768 736,088
DEPRECIATION
At 1 January 2020 208,287 171,201 379,488
Charge for year 4,801 15,562 20,363
At 31 December 2020 213,088 186,763 399,851
NET BOOK VALUE
At 31 December 2020 245,232 91,005 336,237
At 31 December 2019 250,033 29,368 279,401

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2020
and 31 December 2020 99
NET BOOK VALUE
At 31 December 2020 99
At 31 December 2019 99

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 65,035 32,637
Other debtors 50 50
VAT - 221
Deferred tax asset 8,745 20,645
Prepayments and accrued income 66,961 32,359
140,791 85,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts - 49,010
Trade creditors 506,593 219,024
Amounts owed to group undertakings 208,421 180,147
Social security and other taxes 2,611 3,336
Other creditors 36,264 88,450
Accrued expenses 13,159 13,908
767,048 553,875

Page 4
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R.R. LEISUREWAYS (TWO) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R.R. Leisureways (Two) Limited for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of R.R. Leisureways (Two) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R.R. Leisureways (Two) Limited and state those matters that we have agreed to state to the director of R.R. Leisureways (Two) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that R.R. Leisureways (Two) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R.R. Leisureways (Two) Limited. You consider that R.R. Leisureways (Two) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R.R. Leisureways (Two) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................

This page does not form part of the statutory financial statements

Page 5