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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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Residential Regeneration Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2017 |
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for |
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Residential Regeneration Limited |
Residential Regeneration Limited (Registered number: 08071947) |
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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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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Residential Regeneration Limited |
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Company Information |
for the Year Ended 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Lombard House |
Cross Keys |
Lichfield |
Staffordshire |
WS13 6DN |
Residential Regeneration Limited (Registered number: 08071947) |
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Balance Sheet |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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Investments | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET 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: |
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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. |
Residential Regeneration Limited (Registered number: 08071947) |
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Balance Sheet - continued |
31 March 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Residential Regeneration Limited (Registered number: 08071947) |
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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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Residential Regeneration Limited is a
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Wales. The 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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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 31 March 2017 are the first that are prepared in |
accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance |
with UK GAAP, the date of transition to FRS 102 Section 1A is 1 April 2015. |
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Tangible fixed assets |
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Land and buildings - Straight line over 50 years |
No depreciation is provided on land |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
Residential Regeneration Limited (Registered number: 08071947) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
The financial statements have been prepared on a going concern basis. This is dependent on the |
continued support of the director and the investors continuing to support the company. At the date of |
signing the financial statements the director is not aware of any circumstances that would cause this |
support to be withdrawn. |
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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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Other debtors |
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4. | CURRENT ASSET INVESTMENTS |
31.3.17 | 31.3.16 |
£ | £ |
Shares in group undertakings |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade creditors |
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Other creditors |
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Accrued expenses |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Other creditors |
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7. | FIRST YEAR ADOPTION |
1.4.15 | 31.3.16 |
£ | £ |
Equity as reported under UK GAAP | (1,808,399 | ) | (1,963,691 | ) |
Equity as restated under FRS 102 | (1,808,399 | ) | (1,963,691 | ) |
Residential Regeneration Limited (Registered number: 08071947) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
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7. | FIRST YEAR ADOPTION - continued |
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31.3.16 |
£ |
Loss as reported under UK GAAP | (155,292 | ) |
Loss as restated under FRS 102 | (155,292 | ) |