Rowden Court Management Company Limited 31/12/2018 iXBRL

Rowden Court Management Company Limited 31/12/2018 iXBRL

ROWDEN COURT MANAGEMENT COMPANY LIMITED - Company Information

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31/12/2018 2018-12-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-01-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 02048088 2018-01-01 2018-12-31 02048088 2018-12-31 02048088 2017-12-31 02048088 2017-12-31 02048088 bus:Director1 2018-01-01 2018-12-31 02048088 core:WithinOneYear 2018-12-31 02048088 core:WithinOneYear 2017-12-31 02048088 core:FurnitureFittingsToolsEquipment 2017-12-31 02048088 core:FurnitureFittingsToolsEquipment 2018-12-31 02048088 core:ShareCapital 2018-12-31 02048088 core:ShareCapital 2017-12-31 02048088 core:RetainedEarningsAccumulatedLosses 2018-12-31 02048088 core:RetainedEarningsAccumulatedLosses 2017-12-31 02048088 core:FurnitureFittingsToolsEquipment 2018-01-01 2018-12-31 02048088 core:FurnitureFittingsToolsEquipment 2017-12-31 02048088 bus:SmallEntities 2018-01-01 2018-12-31 02048088 bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 02048088 bus:FullAccounts 2018-01-01 2018-12-31 02048088 bus:SmallCompaniesRegimeForAccounts 2018-01-01 2018-12-31 02048088 bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 02048088 core:OtherMiscellaneousReserve 2018-12-31 02048088 core:OtherMiscellaneousReserve 2017-12-31
Company registration number: 02048088
Rowden Court Management Company Limited
Unaudited filleted financial statements
31 December 2018
ROWDEN COURT MANAGEMENT COMPANY LIMITED
Contents
Statement of financial position
Notes to the financial statements
ROWDEN COURT MANAGEMENT COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 4 27 36
_______ _______
27 36
Current assets
Debtors 5 5,071 4,814
Cash at bank and in hand 27,587 18,851
_______ _______
32,658 23,665
Creditors: amounts falling due
within one year 6 ( 10,874) ( 6,157)
_______ _______
Net current assets 21,784 17,508
_______ _______
Total assets less current liabilities 21,811 17,544
_______ _______
Net assets 21,811 17,544
_______ _______
Capital and reserves
Called up share capital 18 18
Other reserves 16,576 9,577
Profit and loss account 5,217 7,949
_______ _______
Shareholders funds 21,811 17,544
_______ _______
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge 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 27 January 2019 , and are signed on behalf of the board by:
Mr N Walker
Director
Company registration number: 02048088
ROWDEN COURT MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 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 26-28 Southernhay East, Exeter, Devon, EX1 1NS.
Principal activity
The principal activity of the company is the management of the ongoing running expenses for the self- contained cottages at Rowden Court.
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 basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Changes in accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period and have been consistently applied.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover represents the total management fees receivable to cover the ongoing running expenses of the self-contained cottages at Rowden Court, Noss Mayo, Plymouth.
Tangible assets
Tangible assets are included at cost less depreciation and impairment.
Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows: Fixtures, fittings and equipment - 25% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
Basic financial instruments are recognised at cost .
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2018 and 31 December 2018 365 365
_______ _______
Depreciation
At 1 January 2018 329 329
Charge for the year 9 9
_______ _______
At 31 December 2018 338 338
_______ _______
Carrying amount
At 31 December 2018 27 27
_______ _______
At 31 December 2017 36 36
_______ _______
5. Debtors
2018 2017
£ £
Other debtors 5,071 4,814
_______ _______
6. Creditors: amounts falling due within one year
2018 2017
£ £
Accruals and deferred income 1,639 1,150
Social security and other taxes 5 7
Other creditors 9,230 5,000
_______ _______
10,874 6,157
_______ _______