Company Registration No. 10279612 (England and Wales)
RADFORD HOUSE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2017
PAGES FOR FILING WITH REGISTRAR
RADFORD HOUSE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
RADFORD HOUSE LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RADFORD HOUSE LIMITED FOR THE PERIOD ENDED 31 JULY 2017
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Radford House Limited for the period ended 31 July 2017 which comprise, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Radford House Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Radford House Limited
and state those matters that we have agreed to state to the Board of Directors of Radford House Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Radford House Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Radford House Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of Radford House Limited. You consider that Radford House Limited is exempt from the statutory audit
requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Radford House Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
10 April 2018
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
RADFORD HOUSE LIMITED
BALANCE SHEET
AS AT
31 JULY 2017
31 July 2017
- 2 -
2017
Notes
£
£
Fixed assets
Tangible assets
3
239,085
Current assets
Debtors
3,793
Creditors: amounts falling due within one year
4
(243,270)
Net current liabilities
(239,477)
Total assets less current liabilities
(392)
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
(492)
Total equity
(392)
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 10 April 2018
Mr J J Lord
Director
Company Registration No. 10279612
RADFORD HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2017
- 3 -
1
Accounting policies
Company information
Radford House Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Crown House, The Square, Alvechurch, Birmingham, West Midlands, B48 7LA.
1.1
Accounting convention
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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
Over the lease term
Assets in the course of construction are not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 1.
RADFORD HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2017
- 4 -
3
Tangible fixed assets
Leasehold land and buildings
Assets under construction
Total
£
£
£
Cost
At 15 July 2016
-
-
-
Additions
220,000
19,269
239,269
At 31 July 2017
220,000
19,269
239,269
Depreciation and impairment
At 15 July 2016
-
-
-
Depreciation charged in the period
184
-
184
At 31 July 2017
184
-
184
Carrying amount
At 31 July 2017
219,816
19,269
239,085
4
Creditors: amounts falling due within one year
2017
£
Other creditors
243,270
5
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
100 Ordinary A of £1 each
100
During the period, the company issued 100 Ordinary A shares of £1 each.
6
Ultimate controlling party
The ultimate controlling party is Mr J J Lord.
7
Comparatives
This is the company's first period of trade and therefore there are no comparatives.