Company Registration No. 04269385 (England and Wales)
ROCKINGHAM FOREST PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
PAGES FOR FILING WITH REGISTRAR
ROCKINGHAM FOREST PARK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ROCKINGHAM FOREST PARK LIMITED
BALANCE SHEET
AS AT
30 JUNE 2018
30 June 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
2
502,105
489,091
Current assets
Debtors
3
3,581
160
Cash at bank and in hand
1,868
1,209
5,449
1,369
Creditors: amounts falling due within one year
4
(266,841)
(255,974)
Net current liabilities
(261,392)
(254,605)
Total assets less current liabilities
240,713
234,486
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
240,613
234,386
Total equity
240,713
234,486

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year 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 by the board of directors and authorised for issue on 19 October 2018 and are signed on its behalf by:
R V Mawhood
Director
Company Registration No. 04269385
ROCKINGHAM FOREST PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018
- 2 -
1
Accounting policies
Company information

Rockingham Forest Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Sheraton House, Lower Road, Chorleywood, Hertfordshire, WD3 5LH.

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

 

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Land is assumed to have an unlimited useful life and is therefore not depreciated.

Motor Vehicles
25% Straight Line
Plant and Machinery
20% Straight Line
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.5
Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ROCKINGHAM FOREST PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2018
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

2
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2017
468,602
25,861
494,463
Additions
18,386
-
18,386
At 30 June 2018
486,988
25,861
512,849
Depreciation and impairment
At 1 July 2017
-
5,372
5,372
Depreciation charged in the year
-
5,372
5,372
At 30 June 2018
-
10,744
10,744
Carrying amount
At 30 June 2018
486,988
15,117
502,105
At 30 June 2017
468,602
20,489
489,091
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Other debtors
3,581
160
ROCKINGHAM FOREST PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2018
- 4 -
4
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
184,050
154,318
Corporation tax
2,719
3,176
Other creditors
80,072
98,480
266,841
255,974
5
Related party transactions

During the year transactions took place between the company and Thames Industrial Estate Ltd, M&R Bowman Ltd and R V Mawhood, all of which are controlled by Mr R V Mawhood.

 

Aggregated transactions with related parties during the year were:

 

Grazing Income - £4400 (2017 - £4,400).

 

The amounts due to related parties at the balance sheet date totalled £181,192 (2017 - £147,702).

 

The company owed the director £78,000 at the balance sheet date.

 

6
Parent company

The company is controlled by Mr R V Mawhood.

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