Richard Orton Limited
|
Registered number: |
00478948
|
Balance Sheet |
as at 31 March 2017
|
|
Notes |
|
|
2017 |
|
|
2016 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
328,500 |
|
|
328,500 |
|
Current assets |
Cash at bank and in hand |
|
|
89,195 |
|
|
95,922 |
|
Creditors: amounts falling due within one year |
4 |
|
(23,314) |
|
|
(23,202) |
|
Net current assets |
|
|
|
65,881 |
|
|
72,720 |
|
Total assets less current liabilities |
|
|
|
394,381 |
|
|
401,220 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(15,834) |
|
|
(31,836) |
|
|
|
Net assets |
|
|
|
378,547 |
|
|
369,384 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2,000 |
|
|
2,000 |
Revaluation reserve |
6 |
|
|
336,637 |
|
|
336,637 |
Profit and loss account |
|
|
|
39,910 |
|
|
30,747 |
|
Shareholders' funds |
|
|
|
378,547 |
|
|
369,384 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
RC Orton |
Director |
Approved by the board on 3 July 2017
|
|
Richard Orton Limited
|
Notes to the Accounts |
for the year ended 31 March 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
|
|
2 |
Employees |
2017 |
|
2016 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 April 2016 |
328,500 |
|
At 31 March 2017 |
328,500 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
328,500 |
|
At 31 March 2016 |
328,500 |
|
|
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Trade creditors |
859 |
|
948 |
|
Corporation tax |
4,291 |
|
4,092 |
|
Other creditors |
18,164 |
|
18,162 |
|
|
|
|
|
|
23,314 |
|
23,202 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
£ |
£ |
|
|
Other creditors |
15,834 |
|
31,836 |
|
|
|
|
|
|
|
|
|
|
6 |
Revaluation reserve |
2017 |
|
2016 |
£ |
£ |
|
|
At 1 April 2016 |
336,637 |
|
336,637 |
|
|
At 31 March 2017 |
336,637 |
|
336,637 |
|
|
|
|
|
|
|
|
|
|
7 |
Controlling party |
|
|
The company is controlled by Mr R Orton and Mrs S Orton.
|
|
|
8 |
Other information |
|
|
Richard Orton Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Fieldfare |
|
Hordle Lane |
|
Hordle |
|
Lymington |
|
SO41 0HT |