Company Registration No. 03672893 (England and Wales)
Evans Randall Investment Management Limited
Unaudited accounts
for the year ended 30 June 2019
Evans Randall Investment Management Limited
Unaudited accounts
Contents
Evans Randall Investment Management Limited
Company Information
for the year ended 30 June 2019
Director
Michael David Evans
Company Number
03672893 (England and Wales)
Registered Office
CHOBHAM PARK
CHOBHAM PARK LANE CHOBHAM
WORKING
SURREY
GU24 8HQ
Evans Randall Investment Management Limited
Statement of financial position
as at
30 June 2019
Cash at bank and in hand
(46)
134
Creditors: amounts falling due within one year
(147,684)
(147,083)
Net current liabilities
(90,827)
(68,135)
Total assets less current liabilities
(90,827)
(68,135)
Creditors: amounts falling due after more than one year
(62,214)
(61,487)
Net liabilities
(153,041)
(129,622)
Called up share capital
50,000
50,000
Profit and loss account
(203,041)
(179,622)
Shareholders' funds
(153,041)
(129,622)
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 March 2020.
Michael David Evans
Director
Company Registration No. 03672893
Evans Randall Investment Management Limited
Notes to the Accounts
for the year ended 30 June 2019
Evans Randall Investment Management Limited is a private company, limited by shares, registered in England and Wales, registration number 03672893. The registered office is CHOBHAM PARK, CHOBHAM PARK LANE CHOBHAM, WORKING, SURREY, GU24 8HQ.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.
3.2 Presentation currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
At the balance sheet date, the company had net liabilities and net current liabilities. The ultimate parent company has confirmed that it has the ability and will support the company financially so that the company will be able to meet its financial obligations as and when they fall due. On this basis, the director has prepared the accounts on a going concern basis.
Turnover is measured at the fair value of the consideration received or receivable, for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
3.5 Cash at bank and in hand
Cash at bank and in hand are basic financial assets and represents cash in hand.
3.6 Financial instruments
The company has elected to apply the provisions of Section 11'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Evans Randall Investment Management Limited
Notes to the Accounts
for the year ended 30 June 2019
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.
Equity instruments issued by the company are recorded at the proceeds received , net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Amounts due from group undertakings etc.
50,000
50,000
Other debtors
6,903
28,814
5
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
4,574
4,574
Other creditors
143,110
142,509
6
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
62,214
61,487
The ultimate holding company is considered to be Evans Randall (Holdings) Limited, a company registered in the United Kingdom. Evans Randall (Holdings) Limited is a company controlled by Michael Evans, a director of the company.
8
Average number of employees
During the year the average number of employees was 0 (2018: 0).