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Private Limited Company
08420093
2016-08-31
08420093
2015-09-01
2016-08-31
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2015-08-31
08420093
2014-03-01
2015-08-31
08420093
uk-bus:Director1
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uk-gaap:FixturesFittings
2015-09-01
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uk-gaap:ComputerEquipment
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iso4217:GBP
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08420093
2
Romney House Limited
For the year ended 31 August 2016
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
Romney House Limited
Accountants' Report
For the year ended 31 August 2016
| As described in the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 31 August 2016 and you consider that the company is exempt from an audit under the Companies Act |
| 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to |
| assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations |
| supplied to us. |
Longhill Accounting Limited
1 Longhill Lodge
Ditcheat
Shepton Mallet
Somerset
BA4 6QR
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4
| Abbreviated Balance Sheet |
Romney House Limited
2016
2015
2
224,995
254,995
3
22,047
13,940
247,042
268,935
1,200
1,200
32,874
51,989
10,507
2,405
63,696
36,479
| Creditors: amounts falling due within one year |
(333,384)
(310,529)
(296,905)
(246,833)
Net current liabilities
| Total assets less current liabilities |
209
(27,970)
209
Net assets/liabilities
(27,970)
100
4
100
109
(28,070)
209
(27,970)
Shareholders funds
| For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 08 May 2017 |
| Mr Philip Hampson Director |
| Signed on behalf of the board of directors |
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5
| Notes to the Abbreviated Financial Statements |
Romney House Limited
For the year ended 31 August 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 10 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
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6
| Notes to the Abbreviated Financial Statements |
Romney House Limited
For the year ended 31 August 2016
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
299,995
299,995
45,000
30,000
Charge for year
75,000
224,995
254,995
18,445
13,131
31,576
4,505
5,024
Charge for year
9,529
22,047
13,940
| Allotted called up and fully paid |
2016
2015
| 100 Class A shares of £1.00 each |
100
100
100
100
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7
| Notes to the Abbreviated Financial Statements |
Romney House Limited
For the year ended 31 August 2016
Mr Philip Hampson
Directors current account
25,468
61,597
70,999
16,066
-
25,468
61,597
70,999
16,066
-
| At the end of the financial period the company was owed £16066 (2015: £25468 by Mr P Hampson, the company director.This loan was interest-free and repayable on demand. |
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