RTB Management Limited - Filleted accounts

Registered number

09365016

RTB Management Limited

Filleted Accounts

31 December 2017

RTB Management Limited
Registered number:		09365016
Balance Sheet
as at 31 December 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	3		761			569

Current assets
Debtors	4	13,075			10,287
Cash at bank and in hand		26,567			25,649
		39,642			35,936

Creditors: amounts falling due within one year	5	(28,006)			(24,237)

Net current assets			11,636			11,699

Net assets			12,397			12,268

Capital and reserves
Called up share capital			100			100
Profit and loss account			12,297			12,168

Shareholders' funds			12,397			12,268

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




C A Neiger
Director
Approved by the board on 21 September 2018

RTB Management Limited
Notes to the Accounts
for the year ended 31 December 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	33% on cost

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


1	Accounting policies - continued

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	The company operates a defined contribution pension scheme, Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.


2	Employees		2017		2016
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Computer equipment
£
	Cost
	At 1 January 2017				1,241
	Additions				909
	At 31 December 2017				2,150

	Depreciation
	At 1 January 2017				672
	Charge for the year				717
	At 31 December 2017				1,389

	Net book value
	At 31 December 2017				761
	At 31 December 2016				569


4	Debtors		2017		2016
£				£

	Trade debtors		10,875		7,500
	Other debtors		2,200		2,787
			13,075		10,287


5	Creditors: amounts falling due within one year		2017		2016
£				£

	Taxation and social security costs		27,356		24,237


6	Pension commitments

	The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £28,500.


7	Controlling party

	The ultimate controlling party is Mr C A Neiger.


8	Other information

	RTB Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Selby Road
	Fulford
	York
	YO19 4RD