Rothwell Road Property Management Company Limited Company Accounts

ROTHWELL ROAD PROPERTY MANAGEMENT COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05658790

ROTHWELL ROAD PROPERTY MANAGEMENT COMPANY LIMITED

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2017

ROTHWELL ROAD PROPERTY MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2017

CONTENTS	PAGES

Statement of financial position	1

Notes to the financial statements	2 to 3

ROTHWELL ROAD PROPERTY MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

30 June 2017

	2017		2016
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	47,623	30,745
Cash at bank and in hand		4,391	1,946
		--------	--------
		52,014	32,691

CREDITORS: amounts falling due within one year	6	42,014		22,691
		--------		--------
NET CURRENT ASSETS			10,000		10,000
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			10,000		10,000
			--------		--------
NET ASSETS			10,000		10,000
			--------		--------

CAPITAL AND RESERVES

Capital redemption reserve	10,000	10,000
	--------	--------
MEMBERS FUNDS	10,000	10,000
	--------	--------

These 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 statement of comprehensive income has not been delivered.

For the year ending 30 June 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 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 March 2018 , and are signed on behalf of the board by:

Ms J Hicks Director

Company registration number: 05658790

ROTHWELL ROAD PROPERTY MANAGEMENT COMPANY LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2017

1. GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Perfecta Works, Bath Road, Kettering, Northamptonshire, NN16 8NQ.

2. STATEMENT OF COMPLIANCE

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

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. COMPANY LIMITED BY GUARANTEE

In accordance with the company's Memorandum of Association the members have each given a personal guarantee of £5.

5. DEBTORS

	2017	2016
	£	£
Trade debtors	45,523	27,395
Other debtors	2,100	3,350
	--------	--------
	47,623	30,745
	--------	--------

6. CREDITORS: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	2,032	765
Other creditors	39,982	21,926
	--------	--------
	42,014	22,691
	--------	--------

7. TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.

No transitional adjustments were required in equity or profit or loss for the year.