Rugby Valley Park Management Ltd Company accounts

Rugby Valley Park Management Ltd Company accounts

RUGBY VALLEY PARK MANAGEMENT LIMITED - Company Information

Print Friendly Version

0 0 false false false false false false false false false true false false false false false false false No description of principal activity 2019-01-01 Sage Accounts Production Advanced 2018 Update 1 - FRS xbrli:pure xbrli:shares iso4217:GBP 03339151 2019-01-01 2019-12-31 03339151 2019-12-31 03339151 2018-01-01 2018-12-31 03339151 2018-12-31 03339151 bus:Director5 2019-01-01 2019-12-31 03339151 bus:Director6 2019-01-01 2019-12-31 03339151 core:WithinOneYear 2019-12-31 03339151 core:WithinOneYear 2018-12-31 03339151 core:ShareCapital 2019-12-31 03339151 core:ShareCapital 2018-12-31 03339151 bus:SmallEntities 2019-01-01 2019-12-31 03339151 bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 03339151 bus:FullAccounts 2019-01-01 2019-12-31 03339151 bus:SmallCompaniesRegimeForAccounts 2019-01-01 2019-12-31 03339151 bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31
COMPANY REGISTRATION NUMBER: 03339151
Rugby Valley Park Management Ltd
Unaudited Financial Statements
31 December 2019
Rugby Valley Park Management Ltd
Financial Statements
Year ended 31 December 2019
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
Rugby Valley Park Management Ltd
Directors' Report
Year ended 31 December 2019
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2019 .
Directors
The directors who served the company during the year were as follows:
Mr Ellis
Mr Thompson
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 17 August 2020 and signed on behalf of the board by:
Mr Ellis
Director
Rugby Valley Park Management Ltd
Statement of Income and Retained Earnings
Year ended 31 December 2019
2019
2018
Note
£
£
Turnover
33,425
27,146
Cost of sales
22,550
16,796
--------
--------
Gross profit
10,875
10,350
Administrative expenses
10,900
10,379
--------
--------
Operating loss
( 25)
( 29)
Other interest receivable and similar income
4
25
29
--------
--------
Profit before taxation
–
–
Tax on profit
–
–
----
----
Result for the financial year and total comprehensive income
–
–
----
----
Retained earnings at the start of the year
–
–
All the activities of the company are from continuing operations.
Rugby Valley Park Management Ltd
Statement of Financial Position
31 December 2019
2019
2018
Note
£
£
£
Current assets
Debtors
5
6,596
180
Cash at bank and in hand
9,681
17,900
--------
--------
16,277
18,080
Creditors: amounts falling due within one year
6
16,022
17,825
--------
--------
Net current assets
255
255
----
----
Total assets less current liabilities
255
255
----
----
Net assets
255
255
----
----
Capital and reserves
Called up share capital
255
255
----
----
Shareholders funds
255
255
----
----
These financial statements have been prepared 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'.
For the year ending 31 December 2019 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 were approved by the board of directors and authorised for issue on 17 August 2020 , and are signed on behalf of the board by:
Mr Ellis
Director
Company registration number: 03339151
Rugby Valley Park Management Ltd
Notes to the Financial Statements
Year ended 31 December 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 BIdwells House, Trumpington Road, Trumpington, Cambridge, CB2 9LD, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Other interest receivable and similar income
2019
2018
£
£
Interest on cash and cash equivalents
25
29
----
----
5. Debtors
2019
2018
£
£
Trade debtors
3,736
–
Other debtors
2,860
180
-------
----
6,596
180
-------
----
6. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
6,361
3,946
Other creditors
9,661
13,879
--------
--------
16,022
17,825
--------
--------
7. Related party transactions
Turnover is derived from the shareholders of the Company from recharged expenditure