Leeds Residential Services Ltd 30/03/2018 iXBRL

Leeds Residential Services Ltd 30/03/2018 iXBRL

LEEDS RESIDENTIAL SERVICES LTD - Company Information

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Company registration number: 10041409
Leeds Residential Services Ltd
Unaudited filleted financial statements
30 March 2018
Leeds Residential Services Ltd
Directors and other information
Director Mr Y C Archbold
Company number 10041409
Registered office 14 Nunroyd Road
Leeds
LS17 6PF
Accountants Hodgson Hey Limited
Heritage Exchange
South Lane
Elland
HX5 0HG
Bankers Handelsbanken
2nd Floor
North Lane House
Headingley
Leeds
LS6 3HG
Leeds Residential Services Ltd
Statement of financial position
30 March 2018
2018 2017
Note £ £ £ £
Fixed assets
Investments 4 502,893 502,893
_______ _______
502,893 502,893
Current assets
Cash at bank and in hand 17,535 23,093
_______ _______
17,535 23,093
Creditors: amounts falling due
within one year 5 ( 316,465) ( 330,528)
_______ _______
Net current liabilities ( 298,930) ( 307,435)
_______ _______
Total assets less current liabilities 203,963 195,458
Creditors: amounts falling due
after more than one year 6 ( 196,606) ( 204,964)
_______ _______
Net assets/(liabilities) 7,357 ( 9,506)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,257 ( 9,606)
_______ _______
Shareholders funds/(deficit) 7,357 ( 9,506)
_______ _______
For the year ending 30 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 December 2018 , and are signed on behalf of the board by:
Mr Y C Archbold
Director
Company registration number: 10041409
Leeds Residential Services Ltd
Notes to the financial statements
Year ended 30 March 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Nunroyd Road, Leeds, LS17 6PF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. Investments
Other investments other than loans Total
£ £
Cost
At 31 March 2017 and 30 March 2018 502,893 502,893
_______ _______
Impairment
At 31 March 2017 and 30 March 2018 - -
_______ _______
Carrying amount
At 30 March 2018 502,893 502,893
_______ _______
At 30 March 2017 502,893 502,893
_______ _______
5. Creditors: amounts falling due within one year
2018 2017
£ £
Bank loans and overdrafts 8,357 8,357
Amounts owed to group undertakings and undertakings in which the company has a participating interest 5,683 5,683
Corporation tax 1,702 -
Other creditors 300,723 316,488
_______ _______
316,465 330,528
_______ _______
Bank borrowings are secured against the assets to which they relate.
6. Creditors: amounts falling due after more than one year
2018 2017
£ £
Bank loans and overdrafts 196,606 204,964
_______ _______
Bank borrowings are secured against the assets to which they relate.
7. Controlling party
The company was controlled throughout the period by the director who owns 100% of the issued share capital.