216 Romford Road Freehold Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05132583 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

216 ROMFORD ROAD FREEHOLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Rosenfield

T Ogun

SECRETARY:

A Rosenfield

REGISTERED OFFICE:

First Floor

1 Bridge Lane

London

NW11 0EA

REGISTERED NUMBER:

05132583 (England and Wales)

ACCOUNTANT:

Abigail Sayagh

Chartered Accountant

12 Beverley Gardens

London

NW11 9DG

FIXED ASSETS

Tangible assets

3

200,000

150,000

CURRENT ASSETS

Debtors

4

1,176

2,112

Cash at bank

12,548

23,001

13,724

25,113

CREDITORS

Amounts falling due within one year

5

44,737

45,939

NET CURRENT LIABILITIES

(31,013

)

(20,826

)

TOTAL ASSETS LESS CURRENT LIABILITIES

168,987

129,174

PROVISIONS FOR LIABILITIES

29,695

-

NET ASSETS

139,292

129,174

CAPITAL AND RESERVES

Called up share capital

5

5

Fair value reserve

6

140,305

120,000

Retained earnings

6

(1,018

)

9,169

SHAREHOLDERS' FUNDS

139,292

129,174

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

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

The directors acknowledge their 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 Board of Directors on 27 February 2018 and were signed on its behalf by:

A Rosenfield - Director

1.	STATUTORY INFORMATION

216 Romford Road Freehold Limited 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 represents rent receivable.

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.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 June 2016

150,000

Revaluations

50,000

At 31 May 2017

200,000

NET BOOK VALUE

At 31 May 2017

200,000

At 31 May 2016

150,000

Cost or valuation at 31 May 2017 is represented by:

Land and

buildings

£

Valuation in 2009

120,000

Valuation in 2017

50,000

Cost

30,000

200,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

1,176

1,976

Other debtors

-

136

1,176

2,112

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Taxation and social security

-

1,202

Other creditors

44,737

44,737

44,737

45,939

6.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2016

9,169

120,000

129,169

Profit for the year

10,118

-

10,118

Non distributable reserves gains

(50,000

)

50,000

-

Deferred tax

29,695

(29,695

)

-

At 31 May 2017

(1,018

)

140,305

139,287

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by N Hanif, G Gibson, T Ogun, A Rosenfield & E Campbell.