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R & M PROPERTIES (2012) LIMITED - Company Information

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R & M Properties (2012) Limited

Registered Number:08013372

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

As at 31 March 2017

R & M Properties (2012) Limited

Statement of Financial Position

Registered Number :

08013372

2016

2017

Notes

Fixed assets

Property, plant and equipment

244

365

280,000

Investment property

280,244

280,365

Current assets

Trade and other receivables

1,570

920

2,486

Cash and cash equivalents

2,691

3,611

4,056

Trade and other payables: amounts falling due within one

year

(208,145)

(226,287)

(204,089)

(222,676)

Net current liabilities

Total assets less current liabilities

57,568

76,276

(49)

Provisions for liabilities

57,519

Net assets

76,276

Capital and reserves

Called up share capital

100

Fair value reserve

122,000

Retained earnings

(64,581)

(45,824)

57,519

76,276

Shareholders' funds

For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Miss Rosie Mary Aurora Evill Director

These financial statements were approved and authorised for issue by the Board on 15 December 2017 and were signed by:

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For the year ended 31 March 2017

R & M Properties (2012) Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2017

R & M Properties (2012) Limited

Notes to the Financial Statements

Statutory Information

R & M Properties (2012) Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 08013372.

Registered address:

Church Villa

16 High Street North

Stewkley

Buckinghamshire

LU7 0HH

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Changes in accounting policies

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. The company adopted FRS 102 section 1A in the current year and an explanation of how transition to FRS 102 section 1A has affected the reported financial position and performance is given in note 8.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

33% Reducing balance

Computer equipment

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative

expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subesequently,

they are measured at amortised cost using the effective interest method, less impairment. If an arrangement

constitutes a financing transaction it is measured at the present value of future payments.

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For the year ended 31 March 2017

R & M Properties (2012) Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Computer

equipment

Cost or

valuation

At 01 April 2016

545

At 31 March 2017

545

Provision for depreciation and impairment

At 01 April 2016

180

Charge for year

121

At 31 March 2017

301

At 31 March 2017

Net book value

244

At 31 March 2016

365

3. Investment property

Total

Fair value

At 01 April 2016

280,000

At 31 March 2017

280,000

Net book value

At 31 March 2017

280,000

At 31 March 2016

280,000

4. Trade and other receivables

2016

2017

Other debtors

920

1,570

5. Trade and other payables: amounts falling due within one year

2016

2017

Other creditors

226,287

208,145

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For the year ended 31 March 2017

R & M Properties (2012) Limited

Notes to the Financial Statements Continued

6. Related party transactions

Miss R M A Evill

The properties held in the company are legally owned by Miss R M A Evill, but are held on behalf of the company.

At the year end the company owed the director £163,074, which is include in other creditors.

Ms A J Evill

At the year end the company owed £62,101 to Ms A J Evill, a shareholder.

7. Average number of persons employed

During the year the average number of employees was 1 (2016 : 1)

8. Transition to FRS 102

The company transitioned to FRS 102 Section 1A as at 1 April 2016 and in accordance with the standard these are

the first financial statements to be prepared, that apply the new framework, the date of transition being 1 April 2016.

Set out below are the changes in accounting policies which reconcile profit for the financial year ended 31 March

2016 and the total equity as at 1 April 2016 and 31 March 2016 between UK GAAP as previously reported and under

FRS 102 in these financial statements.

Reconciliation of profit and loss for the year ended 31 March 2016

31 March 2016

Under UK GAAP (45,824)

Revaluation of investment properties 122,000

Under FRS 102 section 1A 76,176

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