Rococomo Limited Small abridged accounts

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Rococomo Limited have consented to the preparation of the abridged statement of financial position for the year ending 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 09977894

Rococomo Limited

Filleted Unaudited Abridged Financial Statements

31 December 2017

Rococomo Limited

Abridged Financial Statements

Year ended 31 December 2017

Contents	Page

Abridged statement of financial position	1

Statement of changes in equity	2

Notes to the abridged financial statements	3

Rococomo Limited

Abridged Statement of Financial Position

31 December 2017

	2017	2016
Note	£	£

Current assets

Debtors	21,011	14,396
Cash at bank and in hand	83,395	21,249
	---------	--------
	104,406	35,645

Creditors: amounts falling due within one year	39,450	19,699
	---------	--------
Net current assets	64,956	15,946
	--------	--------
Total assets less current liabilities	64,956	15,946
	--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	64,955	15,945
	--------	--------
Members funds	64,956	15,946
	--------	--------

These abridged 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 income statement has not been delivered.

For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 8 February 2018 , and are signed on behalf of the board by:

Miss F Munnelly
Director

Company registration number: 09977894

Rococomo Limited

Statement of Changes in Equity

Year ended 31 December 2017

	Called up share capital	Profit and loss account	Total
	£	£	£
At 29 January 2016	–	–	–

Profit for the year		25,945	25,945
	----	--------	--------
Total comprehensive income for the year	–	25,945	25,945

Issue of shares	1	–	1
Dividends paid and payable	–	( 10,000)	( 10,000)
	----	--------	--------
Total investments by and distributions to owners	1	( 10,000)	( 9,999)

At 31 December 2016	1	15,945	15,946

Profit for the year		99,010	99,010
	----	--------	--------
Total comprehensive income for the year	–	99,010	99,010

Dividends paid and payable	–	( 50,000)	( 50,000)
	----	--------	--------
Total investments by and distributions to owners	–	( 50,000)	( 50,000)

	----	--------	--------
At 31 December 2017	1	64,955	64,956
	----	--------	--------

Rococomo Limited

Notes to the Abridged Financial Statements

Year ended 31 December 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 10c Wickham Road, London, SE4 1PB, UK.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the contacts have been signed.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year, including the director, amounted to 1 (2016: 2 ).

5. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2017
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Miss F Munnelly	( 5,090)	45,000	( 45,869)	( 5,959)
Mr A Clark	( 4,999)	10,000	( 5,001)	–
	--------	--------	--------	-------
	( 10,089)	55,000	( 50,870)	( 5,959)
	--------	--------	--------	-------

	2016
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Miss F Munnelly	–	( 5,090)	–	( 5,090)
Mr A Clark	–	( 4,999)	–	( 4,999)
	----	--------	----	--------
	–	( 10,089)	–	( 10,089)
	----	--------	----	--------