| Space Rentals Investment Ltd |
| Registered number: |
04567216 |
| Balance Sheet |
| as at 30 June 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
106,685 |
|
|
106,685 |
|
| Current assets |
| Debtors |
3 |
|
- |
|
|
46,686 |
| Cash at bank and in hand |
|
|
10,279 |
|
|
987 |
|
|
|
10,279 |
|
|
47,673 |
|
| Creditors: amounts falling due within one year |
4 |
|
(16,475) |
|
|
(21,504) |
|
| Net current (liabilities)/assets |
|
|
|
(6,196) |
|
|
26,169 |
|
| Net assets |
|
|
|
100,489 |
|
|
132,854 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
100,389 |
|
|
132,754 |
|
| Shareholders' funds |
|
|
|
100,489 |
|
|
132,854 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S H Djemal |
| Director |
| Approved by the board on 15 March 2018 |
|
| Space Rentals Investment Ltd |
| Notes to the Accounts |
| for the year ended 30 June 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Depreciation |
|
Depreciation has not been provided on Land and buildings. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 July 2016 |
106,685 |
|
At 30 June 2017 |
106,685 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
106,685 |
|
At 30 June 2016 |
106,685 |
|
|
|
|
|
|
|
|
|
|
|
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.] |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
- |
|
46,686 |
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
Corporation tax |
11,534 |
|
21,504 |
|
Other creditors |
4,941 |
|
- |
|
|
|
|
|
|
16,475 |
|
21,504 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Controlling party |
|
|
S Djemal is the ultimate controlling party by virtue of shareholding of 100% of the issued share capital of the company. |
|
|
| 6 |
Other information |
|
|
Space Rentals Investment Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
3rd Floor North |
|
224-236 Walworth Road |
|
London |
|
SE17 1JE |
