Roni Estates Ltd - Period Ending 2016-09-30
Roni Estates Ltd - Period Ending 2016-09-30
Registration number:
Roni Estates Ltd
for the Year Ended 30 September 2016
Roni Estates Ltd
Contents
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Company Information |
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Director's Report |
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Statement of Director's Responsibilities |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Roni Estates Ltd
Company Information
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Director |
Mr Rok Hudnik |
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Registered office |
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Accountants |
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Page 1 |
Roni Estates Ltd
Director's Report for the Year Ended 30 September 2016
The director presents his report and the financial statements for the year ended 30 September 2016.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is management consultancy activities other than financial management.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
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Mr Rok Hudnik
Director
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Page 2 |
Roni Estates Ltd
Statement of Director's Responsibilities
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Page 3 |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Roni Estates Ltd
for the Year Ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Roni Estates Ltd for the year ended 30 September 2016 as set out on pages 5 to 10 from the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that Roni Estates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Roni Estates Ltd. You consider that Roni Estates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Roni Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Date:.............................
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Page 4 |
Roni Estates Ltd
Profit and Loss Account for the Year Ended 30 September 2016
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Note |
Total |
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Turnover |
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Administrative expenses |
( |
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Operating profit |
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Profit before tax |
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Taxation |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
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Page 5 |
Roni Estates Ltd
Statement of Comprehensive Income for the Year Ended 30 September 2016
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Note |
2016 |
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Profit for the year |
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Total comprehensive income for the year |
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Page 6 |
Roni Estates Ltd
(Registration number: 08748124)
Balance Sheet as at 30 September 2016
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Note |
2016 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Mr Rok Hudnik
Director
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Page 7 |
Roni Estates Ltd
Statement of Changes in Equity for the Year Ended 30 September 2016
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Share capital |
Profit and loss account |
Total |
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At 1 October 2015 |
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- |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
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At 30 September 2016 |
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- |
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Page 8 |
Roni Estates Ltd
Notes to the Financial Statements for the Year Ended 30 September 2016
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General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
England and Wales
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Page 9 |
Roni Estates Ltd
Notes to the Financial Statements for the Year Ended 30 September 2016
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Profit before tax |
Arrived at after charging/(crediting)
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2016 |
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Creditors |
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Note |
2016 |
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Due within one year |
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Other creditors |
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Page 10 |
Roni Estates Ltd
Detailed Profit and Loss Account for the Year Ended 30 September 2016
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2016 |
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Turnover |
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Sale of goods, UK |
7,634 |
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Other expenses |
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Insurance |
281 |
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Accountancy fees |
540 |
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Legal and professional fees |
5,739 |
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Bank charges |
25 |
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6,585 |
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Page 11 |