Rennie Park Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04715282

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

RENNIE PARK ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr C D J Rennie

SECRETARY:

Mrs A P J Rennie

REGISTERED OFFICE:

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

04715282

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Intangible assets

4

2,688

3,024

Tangible assets

5

39

51

2,727

3,075

CURRENT ASSETS

Debtors

6

9,797

15,980

Cash at bank and in hand

9,087

13,174

18,884

29,154

CREDITORS

Amounts falling due within one year

7

(18,462

)

(21,546

)

NET CURRENT ASSETS

422

7,608

TOTAL ASSETS LESS CURRENT LIABILITIES

3,149

10,683

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,049

10,583

SHAREHOLDERS' FUNDS

3,149

10,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11 December 2018 and were signed by:

Mr C D J Rennie - Director

1.	STATUTORY INFORMATION

Rennie Park Associates Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

7,000

AMORTISATION

At 1 April 2017

3,976

Charge for year

336

At 31 March 2018

4,312

NET BOOK VALUE

At 31 March 2018

2,688

At 31 March 2017

3,024

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2017

and 31 March 2018

957

DEPRECIATION

At 1 April 2017

906

Charge for year

12

At 31 March 2018

918

NET BOOK VALUE

At 31 March 2018

39

At 31 March 2017

51

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

7,752

Other debtors

9,797

8,228

9,797

15,980

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

17,067

20,154

Other creditors

1,395

1,392

18,462

21,546

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and 31 March 2017:

31.3.18

31.3.17

£

£

Mr C D J Rennie

Balance outstanding at start of year

8,228

9,791

Amounts advanced

11,015

-

Amounts repaid

(9,500

)

(1,563

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,743

8,228

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,500 (2017 - £5,000) were paid to the director .