ACCOUNTS - Final Accounts

REGIS ROAD MANAGEMENT LTD - Company Information

Caseware UK (AP4) 2016.0.208 2016.0.208 2017-09-302017-09-30false2016-10-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true 08375640 2016-10-01 2017-09-30 08375640 2015-10-01 2016-09-30 08375640 2017-09-30 08375640 2016-09-30 08375640 c:Director1 2016-10-01 2017-09-30 08375640 d:CurrentFinancialInstruments 2017-09-30 08375640 d:CurrentFinancialInstruments 2016-09-30 08375640 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 08375640 d:CurrentFinancialInstruments d:WithinOneYear 2016-09-30 08375640 d:ShareCapital 2017-09-30 08375640 d:ShareCapital 2016-09-30 08375640 c:FRS102 2016-10-01 2017-09-30 08375640 c:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 08375640 c:FullAccounts 2016-10-01 2017-09-30 08375640 c:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 08375640 d:EntityControlledByKeyManagementPersonnel1 2016-10-01 2017-09-30 08375640 d:EntityControlledByKeyManagementPersonnel1 2017-09-30 iso4217:GBP xbrli:pure

Registered number: 08375640

REGIS ROAD MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2017

REGIS ROAD MANAGEMENT LIMITED

REGISTERED NUMBER: 08375640

BALANCE SHEET

AS AT 30 SEPTEMBER 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	27,006		69,924
Cash at bank and in hand	5	59,853		129,969
		86,859		199,893
Creditors: amounts falling due within one year	6	(86,727)		(199,761)
Net current assets			132		132
Total assets less current liabilities			132		132

Net assets			132		132

Capital and reserves
Called up share capital	132	132
	132	132

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2018.

................................................

John MacCarthy

Director

The notes on pages 2 to 4 form part of these financial statements.

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REGIS ROAD MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

1.	General information

Regis Road Management Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given on the company information page of these financial statements.
The company's principal activity is that of a property investment company.
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.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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REGIS ROAD MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

2.Accounting policies (continued)

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2016 - 3).

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REGIS ROAD MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Debtors

					2017	2016
					£	£


Trade debtors	26,973	69,891
Other debtors	33	33
	27,006	69,924

5.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	59,853	129,969
	59,853	129,969

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Other creditors	74,677	174,044
Accruals and deferred income	12,050	25,717
	86,727	199,761

7.	Pension commitments

During the year, the Company paid £8,113 (2016: £9,658) to a retired former employee in respect of an unapproved pension agreement.

8.	Related party transactions
	As at the year end, the company owes £2,381 (2016: £84,674) to a company connected by common directorship.

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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