A Room from Home Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08309582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

A ROOM FROM HOME LTD

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr A A Sergison

Mrs S L Sergison

Mrs H L Neylan

Mr M C J Neylan

REGISTERED OFFICE:

c/o Bishops

Pheonix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

REGISTERED NUMBER:

08309582 (England and Wales)

ACCOUNTANTS:

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

BANKERS:

HSBC

2 Station Road

Hesketh Bank

Preston

Lancashire

PR4 6SN

The following reproduces the text of the report prepared for the directors and members in respect

of the company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Statement of Financial Position. Readers are cautioned

that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of A Room from Home Ltd for the year ended 31 December 2016 which comprise

the Income Statement, Statement of Financial Position and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A Room from Home Ltd, as a body, in accordance with the terms of our engagement letter dated 16 May 2013. Our work has been undertaken solely to prepare for your approval the financial statements of A Room from Home Ltd and state those matters that we have agreed to state to the Board of Directors of A Room from Home Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Room from Home Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A Room from Home Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A Room from Home Ltd. You consider that A Room from Home Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A Room from Home Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bishops

Chartered Accountants

Phoenix Park

Blakewater Road

Blackburn

Lancashire

BB1 5BG

7 September 2017

FIXED ASSETS

Intangible assets

3

-

4,452

Property, plant and equipment

4

944,636

953,582

944,636

958,034

CURRENT ASSETS

Debtors

5

10,668

10,628

Cash at bank

8,151

5,227

18,819

15,855

CREDITORS

Amounts falling due within one year

6

43,380

46,380

NET CURRENT LIABILITIES

(24,561

)

(30,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

920,075

927,509

CREDITORS

Amounts falling due after more than one year

7

(952,773

)

(959,614

)

PROVISIONS FOR LIABILITIES

(210

)

(129

)

NET LIABILITIES

(32,908

)

(32,234

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(33,108

)

(32,434

)

SHAREHOLDERS' FUNDS

(32,908

)

(32,234

)

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 directors acknowledge their 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 Board of Directors on 7 September 2017 and were signed on its behalf by:

Mrs H L Neylan - Director

1.	STATUTORY INFORMATION

A Room from Home Ltd 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2016

and 31 December 2016

35,611

AMORTISATION

At 1 January 2016

31,159

Amortisation for year

4,452

At 31 December 2016

35,611

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

4,452

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2016

932,833

46,750

1,200

980,783

Additions

-

-

1,400

1,400

Disposals

-

-

(1,200

)

(1,200

)

At 31 December 2016

932,833

46,750

1,400

980,983

DEPRECIATION

At 1 January 2016

-

26,647

554

27,201

Charge for year

-

9,350

350

9,700

Eliminated on disposal

-

-

(554

)

(554

)

At 31 December 2016

-

35,997

350

36,347

NET BOOK VALUE

At 31 December 2016

932,833

10,753

1,050

944,636

At 31 December 2015

932,833

20,103

646

953,582

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

10,668

10,628

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other creditors

43,380

46,380

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

705,213

652,612

Other creditors

247,560

307,002

952,773

959,614

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

705,213

652,612