Residential & Hotels International Limited Filleted accounts for Companies House (small and micro)
Residential & Hotels International Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03658022
|
|
|
|
Statement of Financial Position |
2019 |
2018 |
||
Note |
£ |
£ |
£ |
Fixed assets
Investments |
5 |
|
|
|
Current assets
Debtors |
6 |
|
|
|
Cash at bank and in hand |
|
|
||
-------- |
-------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
7 |
|
|
|
--------- |
--------- |
|||
Net current liabilities |
|
|
||
--------- |
--------- |
|||
Total assets less current liabilities |
|
|
||
--------- |
--------- |
|||
Net assets |
|
|
||
--------- |
--------- |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
(
|
(
|
|
--------- |
--------- |
||
Shareholder funds |
|
|
|
--------- |
--------- |
||
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
-
The member has 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
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
28 February 2020
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
03658022
|
Notes to the Financial Statements |
Year ended 31 May 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Old Burlington Street, London, W1S 3AG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.Tangible assets
Equipment |
Total |
|
£ |
£ |
|
Cost |
||
At 1 June 2018 and 31 May 2019 |
|
|
------- |
------- |
|
Depreciation |
||
At 1 June 2018 and 31 May 2019 |
|
|
------- |
------- |
|
Carrying amount |
||
At 31 May 2019 |
– |
– |
------- |
------- |
|
At 31 May 2018 |
– |
– |
------- |
------- |
|
5.
Investments
Other investments other than loans |
|
£ |
|
Cost |
|
At 1 June 2018 and 31 May 2019 |
|
--------- |
|
Impairment |
|
At 1 June 2018 and 31 May 2019 |
– |
--------- |
|
Carrying amount |
|
At 31 May 2019 |
|
--------- |
|
At 31 May 2018 |
|
--------- |
|
6.
Debtors
2019 |
2018 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
7.
Creditors:
amounts falling due within one year
2019 |
2018 |
|
£ |
£ |
|
Trade creditors |
|
|
Corporation tax |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
8.
Directors' advances, credit and guarantees
During the year the directors entered into the following advances and credits with the company:
2019 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
(
|
|
(
|
(
|
|
--------- |
--------- |
--------- |
--------- |
||
2018 |
|||||
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
(
|
|
(
|
(
|
|
--------- |
--------- |
--------- |
--------- |
||
9.
Related party transactions
The company was under the control of Mr AC Williams, a director throughout the current and previous year. During the year, Mr
E P Shave
invoiced the company £10,048 (2017 - £10,000) in respect of bookkeeping services provided. Mr E P Shave
was a director throughout the current and previous year. A balance of £Nil (2017 - £Nil) was outstanding at the year end.