R One Investment Limited Filleted accounts for Companies House (small and micro)

R ONE INVESTMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10035411

R One Investment Limited

Filleted Unaudited Financial Statements

31 March 2018

R One Investment Limited

Statement of Financial Position

31 March 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5	2,508	5,016
Investments	6	1,517,707	997,378
		------------	------------
		1,520,215	1,002,394

Current assets

Debtors	7	1,728	29,000
Cash at bank and in hand		42,951	479,338
		--------	---------
		44,679	508,338

Creditors: amounts falling due within one year	8	1,536,848		1,497,570
		------------		------------
Net current liabilities			1,492,169	989,232
			------------	------------
Total assets less current liabilities			28,046	13,162
			--------	--------
Net assets			28,046	13,162
			--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	27,946	13,062
	--------	--------
Shareholders funds	28,046	13,162
	--------	--------

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.

For the year ending 31 March 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 .

R One Investment Limited

Statement of Financial Position (continued)

31 March 2018

These financial statements were approved by the board of directors and authorised for issue on 11 December 2018 , and are signed on behalf of the board by:

Mr E. Z. Bilge
Director

Company registration number: 10035411

R One Investment Limited

Notes to the Financial Statements

Year ended 31 March 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 9 River View Court, Cardiff, CF5 2QJ, Wales.

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.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

	Fixtures and fittings	-	Depreciated over 3 years

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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).

5. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 April 2017 and 31 March 2018	7,524
	-------
Depreciation
At 1 April 2017	2,508
Charge for the year	2,508
	-------
At 31 March 2018	5,016
	-------
Carrying amount
At 31 March 2018	2,508
	-------
At 31 March 2017	5,016
	-------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2017	997,378
Additions	520,329
	------------
At 31 March 2018	1,517,707
	------------
Impairment
At 1 April 2017 and 31 March 2018	–
	------------

Carrying amount
At 31 March 2018	1,517,707
	------------
At 31 March 2017	997,378
	------------

7. Debtors

	2018	2017
	£	£
Other debtors	1,728	29,000
	-------	--------

8. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	–	7,395
Corporation tax	4,080	2,012
Other creditors	1,532,768	1,488,163
	------------	------------
	1,536,848	1,497,570
	------------	------------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2018
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr E. Z. Bilge	( 260)	( 260)	( 520)
Mrs R. Aksoy	( 1,487,183)	( 44,315)	( 1,531,498)
	------------	--------	------------
	( 1,487,443)	( 44,575)	( 1,532,018)
	------------	--------	------------

	2017
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr E. Z. Bilge	–	( 260)	( 260)
Mrs R. Aksoy	–	( 1,487,183)	( 1,487,183)
	----	------------	------------
	–	( 1,487,443)	( 1,487,443)
	----	------------	------------