Radmore & Tucker (Holdings) Limited - Period Ending 2017-12-31
Radmore & Tucker (Holdings) Limited - Period Ending 2017-12-31
Year Ended
Registration number:
Radmore & Tucker (Holdings) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Radmore & Tucker (Holdings) Limited
Company Information
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Directors |
Mrs A L Tucker Mr J E Tucker |
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Registered office |
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Accountants |
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Page 1 |
Radmore & Tucker (Holdings) Limited
Balance Sheet
31 December 2017
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2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net (liabilities)/assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Capital redemption reserve |
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Profit and loss account |
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Total equity |
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Page 2 |
Radmore & Tucker (Holdings) Limited
Balance Sheet
31 December 2017
For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 03751737
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Page 3 |
Radmore & Tucker (Holdings) Limited
Notes to the Financial Statements
Year Ended 31 December 2017
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A and the Companies Act 2006. There are no material departures.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The functional currency of Radmore & Tucker (Holdings) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis.
The net current liabilities of £337,638 relate to unpaid preference share dividends and the payment of these can only be made subject to the availability of distributable reserves.
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Page 4 |
Radmore & Tucker (Holdings) Limited
Notes to the Financial Statements
Year Ended 31 December 2017
Prior period restatement
Preference share capital - these shares have been reclassified from share capital to creditors: amounts falling due after more than one year to reflect the debt characteristic of the fixed coupon dividend.
Unpaid preference share dividends - An accrual has been recognised in relation to cumulative preference share dividends relating to prior periods that have not yet been paid.
The impact of this adjustment is a decrease of £231,440 to the profit and loss reserve brought forward at 1 January 2016 and an interest expense in the year of £21,040, so the cumulative impact is a £252,480 decrease to net assets.
The company does not currently have sufficient distributable reserves to pay these dividends.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Classification
• Short term other debtors and creditors;
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
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Page 5 |
Radmore & Tucker (Holdings) Limited
Notes to the Financial Statements
Year Ended 31 December 2017
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Investments |
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2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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At 1 January 2017 |
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Provision |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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Debtors |
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2017 |
2016 |
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Amounts due from group undertakings |
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Creditors |
Creditors: amounts falling due within one year
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2016 |
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Due within one year |
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Other creditors |
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Page 6 |
Radmore & Tucker (Holdings) Limited
Notes to the Financial Statements
Year Ended 31 December 2017
Creditors: amounts falling due after more than one year
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2016 |
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Due after one year |
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Redeemable preference shares |
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Parent and ultimate parent undertaking |
The ultimate controlling party is
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Page 7 |