ID Residential Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07281758 (England and Wales)

ID RESIDENTIAL LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I J Tough

REGISTERED OFFICE:

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

REGISTERED NUMBER:

07281758 (England and Wales)

ACCOUNTANTS:

Tudor John LLP

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

5

558

634

CURRENT ASSETS

Debtors

6

-

7,344

Cash at bank

4

1,208

4

8,552

CREDITORS

Amounts falling due within one year

7

151,166

170,367

NET CURRENT LIABILITIES

(151,162

)

(161,815

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(150,604

)

(161,181

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(150,804

)

(161,381

)

SHAREHOLDERS' FUNDS

(150,604

)

(161,181

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 June 2018 and were signed by:

I J Tough - Director

1.	STATUTORY INFORMATION

ID Residential Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	TRANSITION TO FRS 102 (SECTION 1A)

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These financial statements for the year ended 30 September 2017 are the first financial statements of that ID Residential Limited that comply with FRS 102 (Section 1A). The date of transition to FRS 102 (Section 1A) is 1 December 2016.

The transition from previously extant UK GAAP to FRS 102 (Section 1A) has resulted in a small number of changes in accounting policies compared to those used previously. No restatement of prior period figures is required as a result of the transition to FRS 102 (Section 1A).

The financial statements are presented in Sterling which is the functional currency of the company.

The financial statements are prepared on the going concern basis. The director has confirmed that he will continue to support the company financially.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

GOING CONCERN

The director, Mr I Tough, has confirmed that he will continue to support the company financially for the

foreseeable future.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

4,194

1,158

5,352

DEPRECIATION

At 1 October 2016

3,558

1,160

4,718

Charge for year

76

-

76

At 30 September 2017

3,634

1,160

4,794

NET BOOK VALUE

At 30 September 2017

560

(2

)

558

At 30 September 2016

636

(2

)

634

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

-

7,344

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

20,931

20,931

Other creditors

130,235

149,436

151,166

170,367

8.	RELATED PARTY DISCLOSURES