R. P. (EUGENIE) LTD - Filleted accounts

R. P. (EUGENIE) LTD - Filleted accounts

R.P. (EUGENIE) LTD - Company Information

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Registered number
02755973
R. P. (EUGENIE) LTD
Report and Accounts
31 March 2017
R. P. (EUGENIE) LTD
Registered number: 02755973
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 25,250 26,487
Current assets
Debtors 3 123,032 121,160
Creditors: amounts falling due within one year 4 (772) (1,936)
Net current assets 122,260 119,224
Net assets 147,510 145,711
Capital and reserves
Called up share capital 100 100
Profit and loss account 147,410 145,611
Shareholders' funds 147,510 145,711
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P M Perry
Director
Approved by the board on 4 August 2017
R. P. (EUGENIE) LTD
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the resale of leases and ground rent received of its owned freehold asset.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Freehold Asset 2% on cost
Debtors
Loans and other financial assets are initially recognised at transaction price.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Tangible fixed assets
Freehold Asset
£
Cost
At 1 April 2016 61,845
At 31 March 2017 61,845
Depreciation
At 1 April 2016 35,358
Charge for the year 1,237
At 31 March 2017 36,595
Net book value
At 31 March 2017 25,250
At 31 March 2016 26,487
3 Debtors 2017 2016
£ £
Trade debtors - 27
Amounts owed by group undertakings and undertakings in which the company has a participating interest 123,032 121,133
123,032 121,160
4 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 759 1,923
Other creditors 13 13
772 1,936
5 Related party transactions
Retirement Properties Limited
The company is a 99% owned subsidiary of the above company registered in England at the same registered office address.
During the year the company operated an unsecured, interest free loan to that company, at the year end £123032 (2016 - £121133) was outstanding.
6 Other information
R. P. (EUGENIE) LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 Belmont
Bath
BA1 5DZ
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