Royston 11 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03652567 (England and Wales)

Financial Statements for the Year Ended 31 October 2017

for

ROYSTON 11 LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr T J O'connell

Miss C Costello

REGISTERED OFFICE:

Wyndmere House

Ashwell Road

Steeple Morden

Hertfordshire

SG8 0NZ

REGISTERED NUMBER:

03652567 (England and Wales)

ACCOUNTANTS:

Liric Chartered Accountants

Wyndmere House

Ashwell Road

Steeple Morden

Hertfordshire

SG8 0NZ

CURRENT ASSETS

Debtors

102

5,805

Cash at bank

3,353

1,026

3,455

6,831

CREDITORS

Amounts falling due within one
year

1,261

1,220

NET CURRENT ASSETS

2,194

5,611

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,194

5,611

CAPITAL AND RESERVES

Called up share capital

13

Retained earnings

2,181

5,598

SHAREHOLDERS' FUNDS

2,194

5,611

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 April 2018 and were
signed on its behalf by:

Miss C Costello - Director

1.	STATUTORY INFORMATION

Royston 11 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 October 2017 are the first that are

prepared in accordance with FRS 102 Section 1A. The previous financial statements were

prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is

1 November 2015.

The company has transitioned to FRS 102 from previously being prepared under the

historical cost convention and inn accordance with the Financial Reporting Standards for

Smaller Entities (effective January 2015) as at 1st January 2015.

Reconciliation of Equity

No transitional adjustments were required

Reconciliation of Profit or loss

No transitional adjustments were required

Turnover

Turnover is measured at the fair value of the consideration received or receivable,

excluding discounts, rebates, value added tax and other sales taxes.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 October 2017 and 31 October 2016:

2017

2016

£

Miss C Costello

Balance outstanding at start of year

-

Amounts advanced

80

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

80

-

This loan has been repaid since the year end.

5.	RELATED PARTY DISCLOSURES

In 2011 the directors and shareholders opened a bank account for the purpose of dealing

with the receipts and payments incurred on the properties managed by the company.

These are reflected within these accounts. This account is held by the shareholders on

behalf of the company and the balance at the year end is shown in other debtors.

Royston 11 Limited - Accounts to registrar (filleted) - small 18.1

Royston 11 Limited - Accounts to registrar (filleted) - small 18.1