Rory Van Millingen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11813051 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Rory Van Millingen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R D van Millingen

REGISTERED OFFICE:

3rd Floor Solar House

1-9 Romford Road

London

E15 4RG

REGISTERED NUMBER:

11813051 (England and Wales)

ACCOUNTANTS:

Jones & Partners Limited

3rd Floor Solar House

1-9 Romford Road

London

E15 4RG

FIXED ASSETS

Tangible assets

4

4,366

3,096

CURRENT ASSETS

Debtors

5

204,328

75,220

Cash at bank

31,021

141,461

235,349

216,681

CREDITORS

Amounts falling due within one year

6

49,939

64,319

NET CURRENT ASSETS

185,410

152,362

TOTAL ASSETS LESS CURRENT LIABILITIES

189,776

155,458

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

189,766

155,448

SHAREHOLDERS' FUNDS

189,776

155,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 30 January 2022 and were signed by:

R D van Millingen - Director

1.	STATUTORY INFORMATION

Rory Van Millingen 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.

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.

Plant and machinery etc

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The director is closely monitoring the impact of COVID-19 on the activities of the company and have received confirmation that the shareholders will continue to support the operations of the company for the foreseeable future to allow it to be able to meet its own liabilities as they fall due.

Based on their assessment of the company's financial position, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis for the foreseeable future in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

3,470

Additions

2,955

At 30 April 2021

6,425

DEPRECIATION

At 1 May 2020

374

Charge for year

1,685

At 30 April 2021

2,059

NET BOOK VALUE

At 30 April 2021

4,366

At 30 April 2020

3,096

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

103,800

74,868

Other debtors

100,528

352

204,328

75,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

6,713

132

Taxation and social security

43,226

63,212

Other creditors

-

975

49,939

64,319

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

9

Ordinary A

£1

9

9

1

Ordinary B

£1

1

1

10

10

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2021 and the period ended 30 April 2020:

2021

2020

£

£

R D van Millingen

Balance outstanding at start of year

(976

)

-

Amounts advanced

189,960

54,041

Amounts repaid

-

(55,017

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

188,984

(976

)

At the year end, the director owed the company £188,984. This loan is interest free and was repaid within 9 months of the year end.