Number Five Rodney Place Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00760237 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Number Five Rodney Place Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C K Mann

R P Mills-Roberts

P Mann

REGISTERED OFFICE:

The Manor House

Manor Ride

Brent Knoll

Highbridge

Somerset

TA9 4DY

REGISTERED NUMBER:

00760237 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Tangible assets

4

1,038

-

Investment property

5

1,800,000

1,800,000

1,801,038

1,800,000

CURRENT ASSETS

Debtors

6

467,206

453,810

CREDITORS

Amounts falling due within one year

7

13,161

21,564

NET CURRENT ASSETS

454,045

432,246

TOTAL ASSETS LESS CURRENT LIABILITIES

2,255,083

2,232,246

PROVISIONS FOR LIABILITIES

175,703

190,500

NET ASSETS

2,079,380

2,041,746

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

2,079,377

2,041,743

2,079,380

2,041,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

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 2 August 2018 and were signed on its behalf by:

R P Mills-Roberts - Director

1.	STATUTORY INFORMATION

Number Five Rodney Place 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.

Turnover

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

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in fair value is recognised in profit or loss.

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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,384

At 31 March 2018

1,384

DEPRECIATION

Charge for year

346

At 31 March 2018

346

NET BOOK VALUE

At 31 March 2018

1,038

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

1,800,000

NET BOOK VALUE

At 31 March 2018

1,800,000

At 31 March 2017

1,800,000

Investment property comprises a number of freehold units. The fair value of the investment

property has been arrived at on the basis of a valuation carried out at February 2017 by Goodman

Lilley, who are not connected with the company. The valuation was made on an open market value

basis by reference to market evidence of transaction prices for similar properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed by related parties

467,206

453,810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Payments on account

-

3,200

Taxation and social security

3,534

3,368

Other creditors

9,627

14,996

13,161

21,564

8.	RELATED PARTY DISCLOSURES

During the year, the company paid rent of £4,200 (2017 - £3,300) to Mann Brothers (Properties) Ltd,

a company in which a director, P C Mann, has a material interest, and paid management charges of

£16,800 (2017 - £12,000) to Manor Brent Knoll Ltd, a company in which a director, R P Mills-Roberts

has a material interest.

As a result of the company being unable to operate a bank account, because approval of all

shareholders could not be obtained, the company engaged the services of Brent Knoll Ltd, a

company controlled by P C Mann and in respect of which R P Mills-Roberts is a director, to collect

rents and defray expenditure on behalf of the company. At the year end, Brent Knoll Ltd owed the

company £467,206 (2017 - £453,810).