ACCOUNTS - Final Accounts

SPANISH RENTALS LIMITED - Company Information

Caseware UK (AP4) 2018.0.111 2018.0.111 2018-04-302018-04-30truetrueNo description of principal activitytrue2017-05-01 05127270 2017-05-01 2018-04-30 05127270 2018-04-30 05127270 2017-04-30 05127270 c:Director2 2017-05-01 2018-04-30 05127270 d:CurrentFinancialInstruments 2018-04-30 05127270 d:CurrentFinancialInstruments 2017-04-30 05127270 d:CurrentFinancialInstruments d:WithinOneYear 2018-04-30 05127270 d:CurrentFinancialInstruments d:WithinOneYear 2017-04-30 05127270 d:ShareCapital 2018-04-30 05127270 d:ShareCapital 2017-04-30 05127270 d:RetainedEarningsAccumulatedLosses 2018-04-30 05127270 d:RetainedEarningsAccumulatedLosses 2017-04-30 05127270 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-04-30 05127270 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-04-30 05127270 c:EntityHasNeverTraded 2017-05-01 2018-04-30 05127270 c:FRS102 2017-05-01 2018-04-30 05127270 c:AuditExempt-NoAccountantsReport 2017-05-01 2018-04-30 05127270 c:FullAccounts 2017-05-01 2018-04-30 05127270 c:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30 iso4217:GBP

Registered number: 05127270

SPANISH RENTALS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2018

SPANISH RENTALS LIMITED

REGISTERED NUMBER: 05127270

BALANCE SHEET

AS AT 30 APRIL 2018

		2018		2017
Note		£		£


Current assets
Cash at bank and in hand	3	100		100
		100		100
Creditors: amounts falling due within one year	4	(1,615)		(1,615)
Net current liabilities			(1,515)		(1,515)
Total assets less current liabilities			(1,515)		(1,515)

Net liabilities			(1,515)		(1,515)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(1,615)	(1,615)
	(1,515)	(1,515)

For the year ended 30 April 2018 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 January 2019.

J M Reilly

Director

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

Page 1

SPANISH RENTALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

1.	General information

Spanish Rentals Limited, is a private company, limited by shares, domiciled in England and Wales, registered number 05127270. Its principal place of business is 1110 Lincoln Road, Peterborough PE4 6BP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Borrowing costs

All borrowing costs are recognised in the Profit and loss account in the year in which they are incurred.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

3.	Cash and cash equivalents
		2018	2017
		£	£

Cash at bank and in hand	100	100
Less: bank overdrafts	(15)	(15)
	85	85

Page 2

SPANISH RENTALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

4.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Bank overdrafts	15	15
Other creditors	1,600	1,600
	1,615	1,615

5.	Financial instruments
		2018	2017
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	100	100

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