ACCOUNTS - Final Accounts

PROLOGIS RFI DIRFT MANAGEMENT COMPANY LIMITED - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2016-01-01trueNo description of principal activitytrue 06532015 2016-01-01 2016-12-31 06532015 2016-12-31 06532015 2015-12-31 06532015 c:Director3 2016-01-01 2016-12-31 06532015 d:CurrentFinancialInstruments 2016-12-31 06532015 d:CurrentFinancialInstruments 2015-12-31 06532015 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 06532015 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 06532015 d:ShareCapital 2016-12-31 06532015 d:ShareCapital 2015-12-31 06532015 c:FRS102 2016-01-01 2016-12-31 06532015 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 06532015 c:FullAccounts 2016-01-01 2016-12-31 06532015 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP

Registered number: 06532015

PROLOGIS RFI DIRFT MANAGEMENT COMPANY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

PROLOGIS RFI DIRFT MANAGEMENT COMPANY LIMITED

REGISTERED NUMBER: 06532015

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	56,035		30,786
Cash at bank and in hand		14,638		25,149
		70,673		55,935
Creditors: amounts falling due within one year	5	(70,626)		(55,888)
Net current assets			47		47
Total assets less current liabilities			47		47

Net assets			47		47

Capital and reserves
Called up share capital	47	47
	47	47

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2017.

N D M Smith

Director

The notes on pages 2 to 3 form part of these financial statements.

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PROLOGIS RFI DIRFT MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

Prologis RFI Dirft Management Company Limited is a limited liability company incorporated and domiciled in England. The registered office is shown on the Company Information page.
The financial statements are prepared in sterling. The financial statements are for a period of 52 weeks ended 31 December 2016 (2015: 52 weeks ended 31 December 2015).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Service charge income

Service charge income represents maintenance, management and administration costs recoverable from owners or occupiers of units on the site, exclusive of Value Added Tax. Amounts are charged quarterly on account and any surplus or deficit are refunded or recharged to the relevant parties.

2.3

Debtors

Short term debtors are measured at transaction price.

2.4

Creditors

Short term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was nil (2015 - nil).

Debtors

					2016	2015
					£	£


Trade debtors	46,262	20,369
VAT refundable	124	2,537
Called up share capital not paid	16	16
Other debtors	30	-
Prepayments	9,603	7,864
	56,035	30,786

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PROLOGIS RFI DIRFT MANAGEMENT COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

5.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Trade creditors	20,062	24,615
Service charge surplus	1,935	9,441
Service charge overpayments	-	3,828
Other creditors	7,457	6,104
Service charge invoiced in advance	22,055	-
Accruals	19,117	11,900
	70,626	55,888

6.	Share capital

7.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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