M. Rodwell Investments Limited - Accounts to registrar (filleted) - small 18.2
M. Rodwell Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| M. RODWELL INVESTMENTS LIMITED |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| M. RODWELL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| Hertfordshire |
| REGISTERED NUMBER: |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| STATEMENT OF FINANCIAL POSITION |
| 31 MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 MARCH 2018 |
| 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 |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| M. Rodwell Investments Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The financial statements have been prepared on the going concern basis on the basis of ongoing financial support |
| from the directors and fellow group companies and the continued availability of credit and banking facilities. |
| The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain critical |
| accounting estimates. lt also requires management to exercise judgement in applying the company's accounting |
| policies. |
| SIGNIFICANT JUDGEMENTS AND ESTIMATES |
| In preparing the financial statements, management were not required to make any estimates or judgements which |
| materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities. |
| TURNOVER |
| Turnover represents amounts invoiced for the rental of properties. |
| TANGIBLE FIXED ASSETS |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| INVESTMENTS IN SUBSIDIARIES |
| Investments in subsidiary undertakings are recognised at nominal value of £1. |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| FINANCIAL INSTRUMENTS |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other |
| Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a |
| legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise |
| the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price |
| including transaction costs and are subsequently carried at amortised cost using the effective interest method unless |
| the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the |
| future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not |
| amortised. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements |
| entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after |
| deducting all of its liabilities. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as |
| debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the |
| debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. |
| Financial liabilities classified as payable within one year are not amortised. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business |
| from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, |
| they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and |
| subsequently measured at amortised cost using the effective interest method. |
| 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 statement of financial position date. |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
| financial position 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost or valuation |
| At 1 April 2017 |
| and 31 March 2018 |
| Depreciation |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| Cost or valuation at 31 March 2018 is represented by: |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2018 | 4,260,000 | - | - | - | 4,260,000 |
| Cost | - | 51,667 | 114,780 | 27,000 | 193,447 |
| 4,260,000 | 51,667 | 114,780 | 27,000 | 4,453,447 |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Investment properties are revalued on the basis market value (as in August 2016) provided by the director of the |
| company. The director feel that the present circumstances do not warrant any change to these values. |
| 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 provision for |
| deferred tax on gain has been recognized on revaluing freehold investment properties to their market value. |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 April 2017 |
| and 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| The company's investments at the Statement of Financial Position date in the share capital of companies include the |
| following: |
| Registered office: Unit 500 17 Holywell Hill, St. Albans, Hertfordshire, AL1 1DT |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2018 | 2017 |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Profit/(loss) for the year | ( |
) |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors | ( |
) |
| M. RODWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 00799274) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
| A debenture has been created by 500 Limited on 16 January 2012 in respect of loan to be given to 500 Limited from |
| this date.The debenture has been secured by fixed and floating charges over the undertaking and all properties and |
| assets present and future including goodwill, book debts, uncalled capital, building fixtures and fixed plant & |
| machinery of 500 Limited. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 817,496 | 819,614 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2017 |
| Charge (Reverse) for the year | (2,118 | ) |
| Balance at 31 March 2018 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2017 |
| and 31 March 2018 |
| 10. | ULTIMATE CONTROLLING PARTY |
| Mr J C Rodwell is the ultimate controlling party. |