Red Toaster Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10031252 (England and Wales)

Unaudited Financial Statements

for the Period 29 February 2016 to 31 March 2017

for

Red Toaster Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Z H S Poskitt

Registered office:

Manger House

62a Highgate High Street

London

N6 5HX

Registered number:

10031252 (England and Wales)

Accountants:

FUSE Accountants LLP

Manger House

62a Highgate High Street

London

N6 5HX

Fixed assets

Investment property

3

465,268

Current assets

Debtors

4

3,252

Cash at bank

4,263

7,515

Creditors

Amounts falling due within one year

5

96,041

Net current liabilities

(88,526

)

Total assets less current liabilities

376,742

Creditors

Amounts falling due after more than one year

6

(336,475

)

Provisions for liabilities

7

(6,305

)

Net assets

33,962

Capital and reserves

Called up share capital

8

111

Fair value reserve

9

63,529

Retained earnings

(29,678

)

Shareholders' funds

33,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 21 June 2017 and were signed by:

Z H S Poskitt - Director

1.	Statutory information

Red Toaster 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 as modified by the revaluation of certain assets.

Turnover

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

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.	Investment property

Total

£

Fair value

Additions

389,608

Revaluations

75,660

At 31 March 2017

465,268

Net book value

At 31 March 2017

465,268

Cost or valuation at 31 March 2017 is represented by:

£

Valuation in 2016

465,268

4.

Debtors: amounts falling due within one year

£

Amounts owed by associates

2,974

Prepayments

278

3,252

5.

Creditors: amounts falling due within one year

£

Trade creditors

587

Amounts owed to associates

48,817

Other creditors

1,486

Directors' current accounts

45,151

96,041

6.

Creditors: amounts falling due after more than one year

£

Other loans

336,475

7.	Provisions for liabilities

£

Deferred tax

Tax losses carried forward

(5,826

)

Tax on fair value adjustment

12,131

6,305

Deferred

tax

£

Provided during period

6,305

Balance at 31 March 2017

6,305

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

111,000

A Ordinary 0.1p

0.1p

111

9.

Reserves

Fair

value

reserve

£

Revaluation of Investment

property

63,529

At 31 March 2017

63,529

10.	Ultimate controlling party

The ultimate controlling party is Z H S Poskitt.