RSE Holdings Limited Company Accounts

RSE Holdings Limited Company Accounts

RSE HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09518085
RSE HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2017
RSE HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2017
CONTENTS
PAGES
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 to 4
RSE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2017
2017
2016
Note
£
£
£
£
FIXED ASSETS
Investments
4
3,000
3,000
CURRENT ASSETS
Cash at bank and in hand
313
388
CREDITORS: amounts falling due within one year
5
1,813
1,888
-------
-------
NET CURRENT LIABILITIES
1,500
1,500
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,500
1,500
-------
-------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
500
500
-------
-------
SHAREHOLDERS FUNDS
1,500
1,500
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 December 2017 , and are signed on behalf of the board by:
A.C. Ralph
Director
Company registration number: 09518085
RSE HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31 MARCH 2017
Called up share capital
Profit and loss account
Total
Note
£
£
£
AT 30 MARCH 2015
–
–
–
Profit for the year
282,200
282,200
----
---------
---------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
–
282,200
282,200
Issue of shares
1,000
–
1,000
Dividends paid and payable
–
( 281,700)
( 281,700)
-------
---------
---------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
1,000
( 281,700)
( 280,700)
AT 31 MARCH 2016
1,000
500
1,500
Profit for the year
98,500
98,500
-------
---------
---------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
–
98,500
98,500
Dividends paid and payable
–
( 98,500)
( 98,500)
----
--------
--------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS
–
( 98,500)
( 98,500)
-------
--------
--------
AT 31 MARCH 2017
1,000
500
1,500
-------
--------
--------
RSE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2017
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Guardian House, 42 Preston New Road, Blackburn, Lancashire, BB2 6AH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 30 March 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
(c) Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
(d) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 April 2016 and 31 March 2017
3,000
-------
Impairment
At 1 April 2016 and 31 March 2017
–
-------
Carrying amount
At 31 March 2017
3,000
-------
At 31 March 2016
3,000
-------
The company owns 100% of the issued share capital of the companies listed below,
Aggregate capital and reserves
2017
2016
£
£
R.S. Engineering (Burnley) Limited
509,442
514,685
Burnley Balancing Limited
202,155
165,132
Amber Indrani Property Limited
523,515
472,305
Profit for the year
2017
2016
£
£
R.S. Engineering (Burnley) Limited
44,757
66,498
Burnley Balancing Limited
65,523
27,829
Amber Indrani Property Limited
71,210
50,509
5. CREDITORS: amounts falling due within one year
2017
2016
£
£
Director loan accounts
1,813
1,888
-------
-------
6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
There are no transactions with directors that require disclosure under FRS 102.
7. RELATED PARTY TRANSACTIONS
The company was under the control of Mr A.C. Ralph throughout the year. Mr A.C. Ralph is the managing director and majority shareholder.
8. TRANSITION TO FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 30 March 2015.
No transitional adjustments were required in equity or profit or loss for the period.