R101 Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08324792 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

R101 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A LANARO

SECRETARY:

Regent Corporate Secretaries Ltd

REGISTERED OFFICE:

1st Floor, Victory House

99-101 Regent Street

London

W1B 4EZ

REGISTERED NUMBER:

08324792 (England and Wales)

ACCOUNTANTS:

Lextray (UK) Ltd

1st Floor, Victory House

99 - 101 Regent Street

London

W1B 4EZ

CURRENT ASSETS

Prepayments and accrued income

10,000

20,000

Cash at bank

15,801

6,580

25,801

26,580

CREDITORS

Amounts falling due within one year

4

9,454

9,416

NET CURRENT ASSETS

16,347

17,164

TOTAL ASSETS LESS CURRENT LIABILITIES

16,347

17,164

CREDITORS

Amounts falling due after more than one year

5

-

3,173

NET ASSETS

16,347

13,991

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

16,346

13,990

SHAREHOLDERS' FUNDS

16,347

13,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 June 2017 and were signed by:

A LANARO - Director

1.	STATUTORY INFORMATION

R101 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has elected first time adoption of Financial Reporting Standard (FRS) 102 section 1A, with the

effective date of transition being 01st January 2015. Information on the impact of transition to Financial

Reporting Standard 102 is given in note 8.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 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 1 (2015 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

2,880

1

Salaries due

3,488

6,767

Tax

582

108

Social security and other taxes

2,202

2,144

Other creditors

135

-

Accrued expenses

167

396

9,454

9,416

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

-

3,173

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

1

ordinary

£ 1

1

1

7.	FIRST TIME ADOPTION OF FRS 102

The policies adopted under the entity's previous accounting framework are not materially different from FRS 102

and have not impacted on equity or profit or loss.