REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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Luton Investco (2) Limited |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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for |
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Luton Investco (2) Limited |
Luton Investco (2) Limited (Registered number: 04171425) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Statement of Comprehensive Income | 3 |
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Balance Sheet | 4 |
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Statement of Changes in Equity | 5 |
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Notes to the Financial Statements | 6 |
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Luton Investco (2) Limited |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants and Statutory Auditors |
Victoria House |
199 Avebury Boulevard |
Milton Keynes |
MK9 1AU |
Luton Investco (2) Limited (Registered number: 04171425) |
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Report of the Directors |
for the Year Ended 31 March 2017 |
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The directors present their report with the financial statements of the company for the year ended 31 March 2017. |
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EVENTS SINCE THE END OF THE YEAR |
Information relating to events since the end of the year is given in the notes to the financial statements. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report. |
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The group has made qualifying third party indemnity provisions for the benefit of its directors which were made during |
the year and remain in force at the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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Luton Investco (2) Limited (Registered number: 04171425) |
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Statement of Comprehensive Income |
for the Year Ended 31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ |
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TURNOVER |
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OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
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Tax on profit |
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PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR |
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Luton Investco (2) Limited (Registered number: 04171425) |
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Balance Sheet |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors: amounts falling due within one year | 3 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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The financial statements were approved by the Board of Directors on
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Luton Investco (2) Limited (Registered number: 04171425) |
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Statement of Changes in Equity |
for the Year Ended 31 March 2017 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Balance at 1 April 2015 |
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Changes in equity |
Balance at 31 March 2016 |
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Changes in equity |
Balance at 31 March 2017 |
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Luton Investco (2) Limited (Registered number: 04171425) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Luton Investco (2) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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These financial statements are the company's first in accordance with FRS102. |
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Turnover |
Turnover, which is stated net of VAT and trade discounts, represents rent receivable in respect of the company's |
investment properties. Turnover arose wholly in the UK. |
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Taxation |
Corporation tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted |
by the balance sheet date. |
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
right to pay less or to receive more tax, with the following exceptions: |
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Provision is made for tax on gains arising from the revaluation (or similar fair value adjustments) of fixed assets, |
and on disposals of fixed assets that have been rolled over into replacement assets, only to the extent that, at the |
balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is |
made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the |
taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are |
sold. |
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Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
there will be suitable taxable profits from which the underlying timing differences can be deducted. |
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Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
sheet date. |
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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. An equity instrument is any contract that |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Amounts owed by group undertakings |
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4. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
Luton Investco (2) Limited (Registered number: 04171425) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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5. | POST BALANCE SHEET EVENTS |
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There has been no event since the balance sheet date that could materially affect the state of affairs of the |
company as at 31 March 2017 or that requires disclosure. |
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6. | ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY |
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The company's immediate and ultimate parent company is RO Trading Limited, a company incorporated in |
England and Wales. |
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Mr R G St J Rowlandson, a director of RO Trading Limited and members of his close family, control the |
company as a result of them owning and controlling the issued share capital of RO Trading Limited. |
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RO Trading Limited
is the parent company of the largest and smallest group of which the company is a member
for which consolida ted accounts are prepared. Copies of its group accounts can be obtained from Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD. |
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7. | FIRST YEAR ADOPTION |
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The Financial Reporting Standard 102 was adopted for the accounting period. There are no adjustments required |
to results or balances at 31 March 2016 or 31 March 2017 as a result of the application of FRS 102. |
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