Cavendish Rentals Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03689406 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CAVENDISH RENTALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D B Adams

H Evans

R C Manley

A J Roberts

REGISTERED OFFICE:

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

REGISTERED NUMBER:

03689406 (England and Wales)

ACCOUNTANTS:

McLintocks Partnership Limited

Chartered Accountants

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

BANKERS:

Svenska Handelsbanken

Albion House

Albion Street

Chester

Cheshire

CH1 1RQ

FIXED ASSETS

Intangible assets

4

3,250

3,250

Tangible assets

5

36,632

43,527

39,882

46,777

CURRENT ASSETS

Debtors

6

44,108

25,175

Cash at bank and in hand

40,996

10,741

85,104

35,916

CREDITORS

Amounts falling due within one year

7

53,291

56,887

NET CURRENT ASSETS/(LIABILITIES)

31,813

(20,971

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,695

25,806

PROVISIONS FOR LIABILITIES

5,384

6,849

NET ASSETS

66,311

18,957

CAPITAL AND RESERVES

Called up share capital

60

60

Capital redemption reserve

50

50

Retained earnings

66,201

18,847

SHAREHOLDERS' FUNDS

66,311

18,957

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 27 September 2017 and were signed on its behalf by:

J D B Adams - Director

1.	STATUTORY INFORMATION

Cavendish Rentals 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.

Turnover

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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of four years.

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.

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% 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 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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

22,000

3,250

25,250

AMORTISATION

At 1 January 2016

and 31 December 2016

22,000

-

22,000

NET BOOK VALUE

At 31 December 2016

-

3,250

3,250

At 31 December 2015

-

3,250

3,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2016

and 31 December 2016

12,944

50,045

63,464

126,453

DEPRECIATION

At 1 January 2016

6,259

30,220

46,447

82,926

Charge for year

518

2,974

3,403

6,895

At 31 December 2016

6,777

33,194

49,850

89,821

NET BOOK VALUE

At 31 December 2016

6,167

16,851

13,614

36,632

At 31 December 2015

6,685

19,825

17,017

43,527

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

30,561

15,457

Other debtors

13,547

9,718

44,108

25,175

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

13,479

13,909

Taxation and social security

35,927

30,431

Other creditors

3,885

12,547

53,291

56,887

8.	RELATED PARTY DISCLOSURES

The company is under the control of the directors. Related party transactions with entities under

control of the directors were as follows:

2016

2015

£

£

Related party trade debtors:

Cavendish Surveyors Limited

-

-

Cavendish Management

-

-

Cavendish Ikin

2,432

2,275

2,432

2,275

Related party trade creditors:

Cavendish Manley LLP

-

-

Cavendish Ikin

-290

2,457

Cavendish Management Limited

7,560

1,606

7,270

4,063

Sales to related parties:

Cavendish Surveyors Limited

-

-

Cavendish Ikin

6,288

6,842

Cavendish Management Limited

-

710

6,288

7,552

Purchases from related parties:

Cavendish Manley

104

774

Cavendish Ikin

4,913

6,837

Cavendish Surveyors Limited

-

-

Cavendish Management Limited

112,891

74,891

117,908

82,502