Stonechester Real Estate Limited - Accounts to registrar - small 17.1.1
Stonechester Real Estate Limited - Accounts to registrar - small 17.1.1
REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31 December 2016 |
for |
Stonechester Real Estate Limited |
Stonechester Real Estate Limited (Registered number: 06624035) |
Contents of the Financial Statements |
For The Year Ended 31 December 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Stonechester Real Estate Limited |
Company Information |
For The Year Ended 31 December 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Mill House |
58 Guildford Street |
Chertsey |
Surrey |
KT16 9BE |
Stonechester Real Estate Limited (Registered number: 06624035) |
Balance Sheet |
31 December 2016 |
31.12.16 | 31.12.15 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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. |
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 |
Stonechester Real Estate Limited (Registered number: 06624035) |
Notes to the Financial Statements |
For The Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
Stonechester Real Estate Limited is a |
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 |
Reconciliation with previous Generally Accepted Accounting Practice |
In preparing the accounts, the directors have considered whether in applying the accounting policies required by |
FRS 102 the restatement of comparative items was required, and have determined that no restatements were |
required. In accordance with the requirements of FRS 102 a reconciliation of opening balances is therefore not |
needed. |
Turnover |
Turnover represents net invoiced sales of real estate consultancy services provided, excluding value added tax. |
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services |
are provided. |
Financial instruments |
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
at their settlement value |
Taxation |
Taxation represents the sum of tax currently payable, and deferred tax if material. |
The company's liability for current tax is calculated using tax rates that have been enacted or substantively |
enacted by the end of the reporting period. |
Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and |
liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. |
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the |
extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset |
to be recovered. |
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which |
the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or |
substantively enacted by the end of the reporting period. |
Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. |
Prepayments are valued at the amount prepaid net of any trade discounts due. |
Cash at bank and in hand |
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less |
from the date of acquisition or opening of the deposit or similar account. |
Creditors |
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting |
from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the |
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their |
settlement amount after allowing for any trade discounts due. |
Stonechester Real Estate Limited (Registered number: 06624035) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2016 |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Amounts owed by group undertakings |
Prepayments and accrued income |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Amounts owed to group undertakings |
Corporation tax |
Directors' loan accounts | 6,285 | 6,285 |
Accruals and deferred income |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.16 | 31.12.15 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
6. | RESERVES |
Retained |
earnings |
£ |
At 1 January 2016 |
Profit for the year |
Dividends | ( |
) |
At 31 December 2016 |
7. | ULTIMATE CONTROLLING PARTY |
The ulimate controlling party is Mr T P Rix who directly controls 100% of the issued share capital in the parent |
company, Stonechester Limited. |
8. | FIRST YEAR ADOPTION |
This is the first year that the Company has presented its results under FRS 102. The last financial statements |
under previous UK GAAP were for the year ended 31st December 2015 and the date of transition to FRS 102 |
was 1st January 2015. There were no changes in accounting policies as a result of FRS 102 adoption and |
therefore no need for any reconciliation statement. |
Transitional relief |
On transition to FRS 102, the Company has not needed to take advantage of any transitional reliefs. |