Newroc Ltd - Accounts to registrar (filleted) - small 18.1
Newroc Ltd - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st December 2017 |
for |
NEWROC LTD |
NEWROC LTD (REGISTERED NUMBER: 04970319) |
Contents of the Financial Statements |
for the Year Ended 31st December 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Accountants' Report | 6 |
NEWROC LTD |
Company Information |
for the Year Ended 31st December 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
43 Coniscliffe Road |
Darlington |
Co. Durham |
DL3 7EH |
NEWROC LTD (REGISTERED NUMBER: 04970319) |
Abridged Balance Sheet |
31st December 2017 |
31/12/17 | 31/12/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
NEWROC LTD (REGISTERED NUMBER: 04970319) |
Abridged Balance Sheet - continued |
31st December 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
NEWROC LTD (REGISTERED NUMBER: 04970319) |
Notes to the Financial Statements |
for the Year Ended 31st December 2017 |
1. | STATUTORY INFORMATION |
Newroc Ltd is a |
number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. |
Turnover |
Turnover represents the value of work carried out during the year, including amounts not yet invoiced, excluding |
value added tax. Income is being recognised according to the stage of completion of work done. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
Stocks |
Land held for development is valued at the lower of cost and net realisable value. |
Construction work in progress in respect of housing developments where there is no contract for sale in place is |
valued at the lower of cost and net realisable value. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
NEWROC LTD (REGISTERED NUMBER: 04970319) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2017 |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1st January 2017 |
and 31st December 2017 |
NET BOOK VALUE |
At 31st December 2017 |
At 31st December 2016 |
5. | CONTINGENT LIABILITIES |
The company is party to an unlimited inter-company composite guarantee in favour of Svenska Handelsbanken |
AB (publ). This is in respect of bank borrowings made by Randall Orchard (Holdings) Limited, a subsidiary |
company, and Randall Orchard Construction Limited, a subsidiary of Randall Orchard (Holdings) Limited. |
At the balance sheet date, Randall Orchard (Holdings) Limited and Randall Orchard Construction Limited had |
outstanding bank borrowings owed to Svenska Handelsbanken AB (publ) of £nil (2016: £nil) and £266,102 |
(2016: £243,183) respectively. |
Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Newroc Ltd |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary |
statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Newroc Ltd for the year ended 31st December 2017 which comprise the Abridged Income |
Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information |
and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the director of Newroc Ltd in accordance with the terms of our engagement letter dated 19th April 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Newroc Ltd and state those matters that we have agreed to state to the director of Newroc Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Newroc Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Newroc Ltd. You consider that Newroc Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Newroc Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
43 Coniscliffe Road |
Darlington |
Co. Durham |
DL3 7EH |