Rosbeg Cottages Limited - Period Ending 2017-10-31

Registration number: NI634294

Rosbeg Cottages Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2017

D T Carson & Co.
Chartered Accountants
51-53 Thomas Street
Ballymena
Co Antrim
BT43 6AZ

Rosbeg Cottages Limited

(Registration number: NI634294)
Balance Sheet as at 31 October 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	3	221,375	221,375
Current assets
Debtors	4	118	118
Creditors: Amounts falling due within one year	5	(221,491)	(221,491)
Net current liabilities		(221,373)	(221,373)
Net assets		2	2
Capital and reserves
Called up share capital	6	2	2
Total equity		2	2

For the financial year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 August 2018 and signed on its behalf by:
 

.........................................

John McMahon
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Rosbeg Cottages Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
c/o McMahon McKay
Rochester Building
First Floor 28 Adelaide Street
Belfast
BT2 8GD

These financial statements were authorised for issue by the Board on 29 August 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 November 2016	221,375	221,375
At 31 October 2017	221,375	221,375
Depreciation
Carrying amount
At 31 October 2017	221,375	221,375
At 31 October 2016	221,375	221,375

Included within the net book value of land and buildings above is £221,375 (2016 - £221,375) in respect of freehold land and buildings.
 

Page 2

Rosbeg Cottages Limited

Notes to the Financial Statements for the Year Ended 31 October 2017

4

Debtors

	2017 £	2016 £
Other debtors	118	118
	118	118

5

Creditors

Creditors: amounts falling due within one year

	Note	2017 £	2016 £
Due within one year
Bank loans and overdrafts	7	221,286	221,286
Accruals and deferred income		205	205
		221,491	221,491

6	Share capital

Allotted, called up and fully paid shares

	2017		2016
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

7	Loans and borrowings

	2017 £	2016 £
Current loans and borrowings
Other borrowings	221,286	221,286

Page 3