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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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ROOM SERVICE DEVELOPMENTS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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FOR |
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ROOM SERVICE DEVELOPMENTS LIMITED |
ROOM SERVICE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09685003) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ROOM SERVICE DEVELOPMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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5 Ash Tree Court |
Woodsy Close |
Cardiff Gate Business Park |
Cardiff |
CF23 8RW |
ROOM SERVICE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09685003) |
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BALANCE SHEET |
31 MARCH 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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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: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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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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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ROOM SERVICE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09685003) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Room Service Developments Limited is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has net current liabilities and relies on the ongoing support of its directors. The directors |
have confirmed that they will continue to provide this support as required for the 12 months from the |
date of approval of these accounts. Accordingly the accounts are prepared on a going concern basis. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable of services provided |
in the year net of trade discounts and rebates. Income is recognised when the services have been |
provided and the right to consideration earned. |
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Tangible fixed assets |
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Investment property |
Investment property is included at fair value and any fair value adjustments are recognised in the |
income statement. Deferred taxation is provided on any gains at the rate expected to apply when the |
property is sold. |
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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 material 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. |
ROOM SERVICE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09685003) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
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COST |
Additions |
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At 31 March 2018 |
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DEPRECIATION |
Charge for year |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
Additions |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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The directors consider that the fair value of the Investment Properties at the year end to not be |
materially different from their cost. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by connected party |
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Directors' loan accounts | - | 160,777 |
Tax repayable |
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ROOM SERVICE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09685003) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Directors' loan accounts | 262,368 | - |
Accruals |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 March 2018 and |
31 March 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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During the previous year, interest was charged on amounts due to the company by the directors at a |
rate of 4% totalling £4,356. No such interest was required to be charged in the current year. |
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During the current year, the company was in receipt of an interest free loan from its directors. The |
total outstanding and due to the directors at the year end amounted to £262,368. |