REGISTERED NUMBER: |
Financial Statements for the Period 1 March 2021 to 27 February 2022 |
for |
Rymack Management Company Limited |
REGISTERED NUMBER: |
Financial Statements for the Period 1 March 2021 to 27 February 2022 |
for |
Rymack Management Company Limited |
Rymack Management Company Limited (Registered number: 08884739) |
Contents of the Financial Statements |
for the Period 1 March 2021 to 27 February 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Rymack Management Company Limited |
Company Information |
for the Period 1 March 2021 to 27 February 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Rymack Management Company Limited (Registered number: 08884739) |
Balance Sheet |
27 February 2022 |
27.2.22 | 28.2.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | 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. |
Rymack Management Company Limited (Registered number: 08884739) |
Balance Sheet - continued |
27 February 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Rymack Management Company Limited (Registered number: 08884739) |
Notes to the Financial Statements |
for the Period 1 March 2021 to 27 February 2022 |
1. | STATUTORY INFORMATION |
Rymack Management Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover is measured at the fair value of the rent received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the rent becomes due. |
Tangible fixed assets |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Taxation |
Taxation for the period 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. |
Current or deferred taxation assets and liabilities are not discounted. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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 period end and that are expected to apply to the reversal of the timing difference. |
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. |
Rymack Management Company Limited (Registered number: 08884739) |
Notes to the Financial Statements - continued |
for the Period 1 March 2021 to 27 February 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2021 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 March 2021 |
and 27 February 2022 |
DEPRECIATION |
At 1 March 2021 |
Charge for period |
At 27 February 2022 |
NET BOOK VALUE |
At 27 February 2022 |
At 28 February 2021 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 March 2021 |
and 27 February 2022 |
NET BOOK VALUE |
At 27 February 2022 |
At 28 February 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.2.22 | 28.2.21 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.2.22 | 28.2.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
Rymack Management Company Limited (Registered number: 08884739) |
Notes to the Financial Statements - continued |
for the Period 1 March 2021 to 27 February 2022 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
27.2.22 | 28.2.21 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans due more than 5 yr | - | 92,477 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
27.2.22 | 28.2.21 |
£ | £ |
Bank Loans | 215,454 | - |
10. | RELATED PARTY DISCLOSURES |
Included in other debtors at 27th February 2022 is £47,800 owed from related parties. Included in other creditors at 27th February 2022 is £315,000 owed to related parties. the loans are interest free and repayable on demand. |