RWJA Limited - Accounts to registrar - small 17.2
RWJA Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| RWJA LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| RWJA LIMITED (REGISTERED NUMBER: 00680286) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| Chartered Accountants' Report | 6 |
| RWJA LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 15 Chequergate |
| Louth |
| Lincolnshire |
| LN11 0LJ |
| BANKERS: |
| Cornmarket |
| Louth |
| Lincolnshire |
| LN11 9QB |
| RWJA LIMITED (REGISTERED NUMBER: 00680286) |
| BALANCE SHEET |
| 30 APRIL 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| RWJA LIMITED (REGISTERED NUMBER: 00680286) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 1. | STATUTORY INFORMATION |
| RWJA Limited is a |
| and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Tangible fixed assets include investment properties valued by the directors on an existing use open market value basis. |
| Other tangible fixed assets other than freehold land are stated at cost or valuation less depreciation as indicated above. |
| Investment property |
| Investment properties are valued at their open market value at the balance sheet date. Any surplus on revaluation is |
| transfered to the investment property revaluation reserve. Any deficit is deducted from the investment property |
| revaluation reserve, except for permanent diminution's in value, which are charged to the profit and loss account. |
| No amortisation or depreciation is provided in respect of freehold investment properties and leasehold investment |
| properties with over 20 years to expiry, in accordance with Statement of Standard Accounting Practice 19: "Accounting for |
| investment properties". This treatment is contrary to the requirements of the Companies Act 2006 to provide for |
| depreciation but is considered necessary to ensure the financial statements give a true and fair view. Depreciation is only |
| one of the factors reflected at the balance sheet date valuation and the amount that might otherwise have been shown |
| cannot be separately identified and quantified. |
| Revaluation reserve |
| The investment property revaluation reserve is not amortised in line with the depreciation policy on the investment |
| properties to which it relates. |
| 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. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| RWJA LIMITED (REGISTERED NUMBER: 00680286) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 May 2016 |
| and 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| The following property, classed as investment property, was revalued by the director on an open market basis at 30 April |
| 2015: |
| Long leasehold property, 219 Freeman Street, Grimsby, valued at £35,000. |
| The historical cost of the investment properties at the balance sheet date is £12,425 (2016: £12,425), and the accumulated |
| depreciation based on historical cost would be £nil (2016: £nil). |
| The cost or valuation is made up of historical cost of £12,425 together with valuations made in previous years totalling |
| £35,000. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| RWJA LIMITED (REGISTERED NUMBER: 00680286) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 May 2016 |
| and 30 April 2017 |
| The capital redemption reserve relates to 640 ordinary £1 shares re-purchased by the company. |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 April 2017 and 30 April 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Included within other creditors is a director's loan account balance of £23,716 (2016: £15,268). Interest has not been charged on this balance. |
| 10. | RELATED PARTY DISCLOSURES |
| The disclosures in the transactions with director note relate to |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is the director, |
| 12. | FIRST YEAR ADOPTION |
| Transitional relief |
| The organisation's financial statements have not been materially affected by the transition to FRS 102. |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| RWJA LIMITED |
| The following reproduces the text of the report prepared for the director 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 Balance |
| Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director |
| 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 RWJA Limited for the year ended 30 April 2017 which comprise the Income Statement, Balance Sheet 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 director of RWJA Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RWJA Limited and state those matters that we have agreed to state to the director of RWJA Limited 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 RWJA Limited director for our work or for this report. |
| It is your duty to ensure that RWJA Limited 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 RWJA Limited. You consider that RWJA Limited 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 RWJA Limited. 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. |
| 15 Chequergate |
| Louth |
| Lincolnshire |
| LN11 0LJ |