RVS Developments Limited Filleted accounts for Companies House (small and micro)

RVS DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06762404

RVS Developments Limited

Filleted Unaudited Abridged Financial Statements

31 December 2020

RVS Developments Limited

Balance Sheet

31 December 2020

	2020		2019
Note	£	£	£

Current assets

Stocks	218,592	218,592
Cash at bank and in hand	21,471	13,321
	---------	---------
	240,063	231,913

Creditors: amounts falling due within one year	224,428		223,494
	---------		---------
Net current assets		15,635	8,419
		--------	-------
Total assets less current liabilities		15,635	8,419
		--------	-------

RVS Developments Limited

Balance Sheet (continued)

31 December 2020

	2020		2019
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	15,535	8,319
	--------	-------
Shareholders funds	15,635	8,419
	--------	-------

These abridged 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 Section 1A of 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 profit and loss account has not been delivered.

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged balance sheet for the year ending 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 22 September 2021 , and are signed on behalf of the board by:

S Haffenden

Director

Company registration number: 06762404

RVS Developments Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2020

1. General information

The company is a private company limited by shares, incorporated and registered in England and Wales. The address of the registered office is 3 Lloyd Road, Broadstairs, Kent, CT10 1HY.

2. Statement of compliance

These abridged 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

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value in accordance with FRS 102. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises income from temporary rents received from land and property. Income is recognised at the date rents are received.

Income tax

The taxation expense recognised in profit or loss represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2019: 2).