Refrigeration Service (Properties) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00473033 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

REFRIGERATION SERVICE (PROPERTIES) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Ackers

Mrs P S Ackers

SECRETARY:

Mrs P S Ackers

REGISTERED OFFICE:

113 Broadwood Avenue

Ruislip

Middlesex

HA4 7XU

REGISTERED NUMBER:

00473033 (England and Wales)

ACCOUNTANTS:

Robert Clow & Co

Chartered Accountants

Hartfield Place

40 - 44 High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Investment property

4

250,000

250,000

CURRENT ASSETS

Debtors

6,250

2,500

Cash at bank

19,134

19,622

25,384

22,122

CREDITORS

Amounts falling due within one year

32,536

28,730

NET CURRENT LIABILITIES

(7,152

)

(6,608

)

TOTAL ASSETS LESS CURRENT LIABILITIES

242,848

243,392

PROVISIONS FOR LIABILITIES

44,811

44,811

NET ASSETS

198,037

198,581

CAPITAL AND RESERVES

Called up share capital

5,400

5,400

Revaluation reserve

191,038

191,038

Retained earnings

1,599

2,143

SHAREHOLDERS' FUNDS

198,037

198,581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 December 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 15 February 2018 and were signed on its behalf by:

Mr M Ackers - Director

1.	STATUTORY INFORMATION

Refrigeration Service (Properties) Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable.

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.

The Financial Reporting Standard for Smaller Entities requires investment property to be stated at market value

and not depreciated. This is a departure from the Companies Act 2006 necessary in order to show a true and fair

view.

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 1 (2016 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

and 31 December 2017

250,000

NET BOOK VALUE

At 31 December 2017

250,000

At 31 December 2016

250,000

Fair value at 31 December 2017 is represented by:

£

Valuation in 2000

90,849

Valuation in 2013

145,000

Cost

14,151

250,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.17

31.12.16

£

£

Cost

14,151

14,151

Investment property was valued on an open market basis on 31 December 2017 by the directors .

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £29,563 (2015; £25,263) owed to the directors.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Ackers.