Rossdale (Overseas) Properties Limited Accounts

ROSSDALE (OVERSEAS) PROPERTIES LIMITED - Company Information






Rossdale (Overseas) Properties Limited
	Company No. 03307320
		Information for Filing with The Registrar
		31 March 2018

The Directors present their report and the accounts for the year ended 31 March 2018.

Principal activities
The principal activity of the company during the year under review was that of owning and running a freehold chalet as a chalet let out to third parties.




Directors

The Directors who served at any time during the year were as follows:

V.V. Coleman
C.G. Rossdale
C.M. Rossdale
E.G. Rossdale
S.E. Rossdale































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

E.G. Rossdale
Director
21 August 2018

at	31 March 2018

Company No.		03307320	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		2	538,028	538,917


				538,028	538,917
Current assets

	Debtors		3	5,667	6,323


				5,667	6,323
Creditors: Amount falling due within one year			4	(387,423)	(388,407)
Net current liabilities				(381,756)	(382,084)
Total assets less current liabilities				156,272	156,833




Net assets				156,272	156,833

Capital and reserves
	Called up share capital			164,003	164,003
	Share premium account		5	10,540	10,540


	Profit and loss account		5	(18,271)	(17,710)

Total equity				156,272	156,833


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the 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 accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 21 August 2018

And signed on its behalf by:

E.G. Rossdale
Director

for the year ended 31 March 2018

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2017	535,361	24,228	559,589




		At 31 March 2018	535,361	24,228	559,589
		Depreciation
		At 1 April 2017	-	20,672	20,672
		Charge for the year	-	889	889



		At 31 March 2018	-	21,561	21,561
		Net book values
		At 31 March 2018	535,361	2,667	538,028
		At 31 March 2017	535,361	3,556	538,917

3	Debtors
			2018	2017
			£	£






		Other debtors	5,667	6,323

			5,667	6,323

4	Creditors:
		amounts falling due within one year
			2018	2017
			£	£

		Bank loans and overdrafts	43	116






		Loans from directors	386,779	387,691

		Accruals and deferred income	601	600
			387,423	388,407

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Name of related party

E.G. Rossdale

Description of relationship between the parties

Director

Description of transaction and general amounts involved

The directors and shareholders pay full market value for their occupancy of the chalet.

Amount due from/(to) the related party

Provision for doubtful debts due from the related party

Amounts written off in the period in respect of debts from/(to) the related party

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

03307320

Its registered office is:

Preston Court

Preston-on-Wye

Hereford

HR2 9JU