Mayo Rose Limited - Accounts to registrar - small 17.2

Mayo Rose Limited - Accounts to registrar - small 17.2

HIRECENTRES.COM LIMITED - Company Information

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IRIS Accounts Production v17.2.0.336 08289880 director 1.1.16 31.12.16 31.12.16 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082898802015-12-31082898802016-12-31082898802016-01-012016-12-31082898802014-12-31082898802015-01-012015-12-31082898802015-12-3108289880ns15:EnglandWales2016-01-012016-12-3108289880ns14:PoundSterling2016-01-012016-12-3108289880ns10:Director12016-01-012016-12-3108289880ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3108289880ns10:SmallEntities2016-01-012016-12-3108289880ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3108289880ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3108289880ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3108289880ns10:FullAccounts2016-01-012016-12-3108289880ns10:OrdinaryShareClass12016-01-012016-12-3108289880ns10:Director22016-01-012016-12-3108289880ns10:RegisteredOffice2016-01-012016-12-3108289880ns5:CurrentFinancialInstruments2016-12-3108289880ns5:CurrentFinancialInstruments2015-12-3108289880ns5:Non-currentFinancialInstruments2016-12-3108289880ns5:Non-currentFinancialInstruments2015-12-3108289880ns5:ShareCapital2016-12-3108289880ns5:ShareCapital2015-12-3108289880ns5:RetainedEarningsAccumulatedLosses2016-12-3108289880ns5:RetainedEarningsAccumulatedLosses2015-12-3108289880ns5:CostValuation2015-12-3108289880ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3108289880ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-3108289880ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2015-12-3108289880ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2016-12-3108289880ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2015-12-3108289880ns10:OrdinaryShareClass12016-12-3108289880ns5:RetainedEarningsAccumulatedLosses2015-12-3108289880ns5:RetainedEarningsAccumulatedLosses2016-01-012016-12-31


REGISTERED NUMBER: 08289880 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

MAYO ROSE LIMITED

MAYO ROSE LIMITED (REGISTERED NUMBER: 08289880)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAYO ROSE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2016







DIRECTOR: B Jones





REGISTERED OFFICE: c/o Plantool Hire Centre
Leicester Road
Lutterworth
Leicestershire
LE17 4NJ





REGISTERED NUMBER: 08289880 (England and Wales)





ACCOUNTANTS: Stewart Fletcher and Barrett
Chartered Accountants
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU
Page 1
MAYO ROSE LIMITED (REGISTERED NUMBER: 08289880)

BALANCE SHEET
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investments 3 910,000 910,000

CURRENT ASSETS
Debtors 4 37,697 6,000
Cash at bank 193 311
37,890 6,311
CREDITORS
Amounts falling due within one year 5 78,960 73,800
NET CURRENT LIABILITIES (41,070 ) (67,489 )
TOTAL ASSETS LESS CURRENT LIABILITIES 868,930 842,511

CREDITORS
Amounts falling due after more than one
year
6
600,076
646,049
NET ASSETS 268,854 196,462

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 268,853 196,461
SHAREHOLDERS' FUNDS 268,854 196,462

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 notes form part of these financial statements

Page 2 continued...
MAYO ROSE LIMITED (REGISTERED NUMBER: 08289880)

BALANCE SHEET - continued
31 December 2016


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 20 July 2017 and were signed by:





B M Jones - Director


The notes form part of these financial statements

Page 3
MAYO ROSE LIMITED (REGISTERED NUMBER: 08289880)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Mayo Rose 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.

This is the first year in which the financial statements have been prepared in accordance with Financial
Reporting Standard 102. No accounting policies have been changed as a result of this and no amounts in the
comparative period are required to be restated due to the conversion to Financial Reporting Standard 102.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2016
and 31 December 2016 910,000
NET BOOK VALUE
At 31 December 2016 910,000
At 31 December 2015 910,000

Page 4 continued...
MAYO ROSE LIMITED (REGISTERED NUMBER: 08289880)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2016

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Amounts owed by group undertakings 37,697 6,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other loans (see note 7) 72,000 72,000
Accrued expenses 6,960 1,800
78,960 73,800

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2016 2015
£    £   
Other loans (see note 7) 384,000 456,000
Directors' loan accounts 216,076 190,049
600,076 646,049

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 96,000 168,000

7. LOANS

An analysis of the maturity of loans is given below:

2016 2015
£    £   
Amounts falling due within one year or on demand:
Other loans 72,000 72,000

Amounts falling due between one and two years:
Other loans - 1-2 years 72,000 72,000

Amounts falling due between two and five years:
Other loans - 2-5 years 216,000 216,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 96,000 168,000

Page 5 continued...
MAYO ROSE LIMITED (REGISTERED NUMBER: 08289880)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2016

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2016 196,461
Profit for the year 72,392
At 31 December 2016 268,853

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The controlling party is B Jones.

Page 6