The Silverstone Real Ale Company Limited - Accounts to registrar - small 17.2

The Silverstone Real Ale Company Limited - Accounts to registrar - small 17.2

ROSEMOUNT (BUCKINGHAM) LIMITED - Company Information

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REGISTERED NUMBER: 09336733 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

The Silverstone Real Ale Company Limited

The Silverstone Real Ale Company Limited (Registered number: 09336733)






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


The Silverstone Real Ale Company Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: G Coffey
R N Jackson
M Jones
B D Hayward
S Burn





REGISTERED OFFICE: Silverstone Business Park
Silverstone
Northamptonshire
NN12 8TB





REGISTERED NUMBER: 09336733 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors LTD
Chartered Certified Accountants
The Stable Yard
Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN
1
The Silverstone Real Ale Company Limited (Registered number: 09336733)

BALANCE SHEET
31 DECEMBER 2016

Notes £    £   
FIXED ASSETS
Intangible assets 3 9,000
Tangible assets 4 18,994
27,994

CURRENT ASSETS
Debtors 5 6,195
Cash at bank and in hand 19,121
25,316
CREDITORS
Amounts falling due within one year 6 11,614
NET CURRENT ASSETS 13,702
TOTAL ASSETS LESS CURRENT
LIABILITIES
41,696

CAPITAL AND RESERVES
Called up share capital 101,500
Retained earnings (59,804 )
SHAREHOLDERS' FUNDS 41,696

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 26 September 2017 and were signed on its behalf
by:





M Jones - Director


The notes form part of these financial statements

2
The Silverstone Real Ale Company Limited (Registered number: 09336733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

The Silverstone Real Ale Company 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 0, is being amortised evenly over its estimated useful life of nil 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 3 years

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 continued...
The Silverstone Real Ale Company Limited (Registered number: 09336733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 9,000
NET BOOK VALUE
At 31 December 2016 9,000
At 31 December 2015 9,000

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2016 20,000 - 20,000
Additions 3,092 274 3,366
At 31 December 2016 23,092 274 23,366
DEPRECIATION
Charge for year 4,354 18 4,372
At 31 December 2016 4,354 18 4,372
NET BOOK VALUE
At 31 December 2016 18,738 256 18,994
At 31 December 2015 20,000 - 20,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,353
Other debtors 1,842
6,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,605
Taxation and social security 52
Other creditors 7,957
11,614

4