31/03/2020
2020-03-31
false
false
false
false
false
false
false
false
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true
false
false
true
false
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false
false
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false
No description of principal activities is disclosed
2019-04-01
Sage Accounts Production 20.0 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
04052455
2019-04-01
2020-03-31
04052455
2020-03-31
04052455
2019-03-31
04052455
2018-04-01
2019-03-31
04052455
2019-03-31
04052455
core:PlantMachinery
2019-04-01
2020-03-31
04052455
core:FurnitureFittingsToolsEquipment
2019-04-01
2020-03-31
04052455
bus:RegisteredOffice
2019-04-01
2020-03-31
04052455
bus:OrdinaryShareClass1
2019-04-01
2020-03-31
04052455
bus:LeadAgentIfApplicable
2019-04-01
2020-03-31
04052455
bus:Director1
2019-04-01
2020-03-31
04052455
bus:Director2
2019-04-01
2020-03-31
04052455
bus:Director3
2019-04-01
2020-03-31
04052455
bus:CompanySecretary1
2019-04-01
2020-03-31
04052455
core:PlantMachinery
2019-03-31
04052455
core:FurnitureFittingsToolsEquipment
2019-03-31
04052455
core:LandBuildings
core:OwnedOrFreeholdAssets
2020-03-31
04052455
core:PlantMachinery
2020-03-31
04052455
core:FurnitureFittingsToolsEquipment
2020-03-31
04052455
core:WithinOneYear
2020-03-31
04052455
core:WithinOneYear
2019-03-31
04052455
core:AfterOneYear
2020-03-31
04052455
core:AfterOneYear
2019-03-31
04052455
core:ShareCapital
2020-03-31
04052455
core:ShareCapital
2019-03-31
04052455
core:RetainedEarningsAccumulatedLosses
2020-03-31
04052455
core:RetainedEarningsAccumulatedLosses
2019-03-31
04052455
bus:OrdinaryShareClass1
core:ShareCapital
2020-03-31
04052455
bus:OrdinaryShareClass1
core:ShareCapital
2019-03-31
04052455
core:LandBuildings
core:OwnedOrFreeholdAssets
2019-03-31
04052455
core:FurnitureFittingsToolsEquipment
2019-03-31
04052455
bus:SmallEntities
2019-04-01
2020-03-31
04052455
bus:AuditExemptWithAccountantsReport
2019-04-01
2020-03-31
04052455
bus:FullAccounts
2019-04-01
2020-03-31
04052455
bus:SmallCompaniesRegimeForAccounts
2019-04-01
2020-03-31
04052455
bus:PrivateLimitedCompanyLtd
2019-04-01
2020-03-31
04052455
core:KeyManagementIndividualGroup1
2020-03-31
04052455
core:KeyManagementIndividualGroup1
2019-03-31
R M UK Securities Limited
Unaudited filleted financial statements
31 March 2020
Company registration number:
04052455
R M UK Securities Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
R M UK Securities Limited
Directors and other information
|
|
|
|
Directors
|
L. R. Moura
|
|
|
M. Moura
|
|
|
R. J. Moura
|
|
|
|
|
|
|
|
Secretary
|
M. Moura
|
|
|
|
|
|
|
|
Company number
|
04052455
|
|
|
|
|
|
|
|
Registered office
|
1 Victoria Court
|
|
|
Bank Square
|
|
|
Morley
|
|
|
Leeds
|
|
|
LS27 9SE
|
|
|
|
|
|
|
|
Accountants
|
Novis & Co.
|
|
|
1 Victoria Court
|
|
|
Bank Square
|
|
|
Morley
|
|
|
Leeds
|
|
|
LS27 9SE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers
|
The Royal Bank of Scotland Plc
|
|
|
Bolton Group Branch
|
|
|
46-48 Deansgate
|
|
|
Bolton
|
|
|
BL1 1BH
|
|
|
|
R M UK Securities Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of R M UK Securities Limited
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R M UK Securities Limited for the year ended 31 March 2020 which comprise the statement of financial position and 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 R M UK Securities Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of R M UK Securities Limited and state those matters that we have agreed to state to the board of directors of R M UK Securities 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 R M UK Securities Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that R M UK Securities 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 profit of R M UK Securities Limited. You consider that R M UK Securities Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of R M UK Securities 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.
Novis & Co.
Chartered Accountants
1 Victoria Court
Bank Square
Morley
Leeds
LS27 9SE
5 November 2020
R M UK Securities Limited
Statement of financial position
31 March 2020
|
|
|
2020
|
|
|
|
2019
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
451,592
|
|
|
|
452,258
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
451,592
|
|
|
|
452,258
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
6
|
60,878
|
|
|
|
60,984
|
|
|
Cash at bank and in hand
|
|
|
1,617
|
|
|
|
-
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
62,495
|
|
|
|
60,984
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
77,489)
|
|
|
|
(
70,101)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current liabilities
|
|
|
|
|
(
14,994)
|
|
|
|
(
9,117)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
436,598
|
|
|
|
443,141
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
8
|
|
|
(
233,753)
|
|
|
|
(
245,130)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
202,845
|
|
|
|
198,011
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
9
|
|
|
300
|
|
|
|
300
|
Profit and loss account
|
|
|
|
|
202,545
|
|
|
|
197,711
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
202,845
|
|
|
|
198,011
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 November 2020
, and are signed on behalf of the board by:
R. J. Moura
Director
Company registration number:
04052455
R M UK Securities Limited
Notes to the financial statements
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Victoria Court, Bank Square, Morley, Leeds, LS27 9SE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency on the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Land and buildings
|
-
|
Nil
|
|
|
Plant and machinery
|
-
|
33 %
|
straight line
|
|
Fixtures, fittings and equipment
|
-
|
10 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Pension contributions
The pension costs charged in the financial statements represent the contribution payable by the company in the year.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2019:
3
).
5.
Tangible assets
|
|
Freehold property
|
Plant and machinery
|
Fixtures, fittings and equipment
|
Total
|
|
|
|
|
|
£
|
£
|
£
|
£
|
|
|
|
|
Cost or valuation
|
|
|
|
|
|
|
|
|
At 1 April 2019 and 31 March 2020
|
450,000
|
1,369
|
8,663
|
460,032
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 April 2019
|
-
|
1,369
|
6,405
|
7,774
|
|
|
|
|
Charge for the year
|
-
|
-
|
666
|
666
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 March 2020
|
-
|
1,369
|
7,071
|
8,440
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 March 2020
|
450,000
|
-
|
1,592
|
451,592
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
At 31 March 2019
|
450,000
|
-
|
2,258
|
452,258
|
|
|
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
Tangible assets held at valuation
In the opinion of the directors the valuation of the freehold property fairly represents the open market value at 31st March 2020.
6.
Debtors
|
|
|
2020
|
2019
|
|
|
|
£
|
£
|
|
Other debtors
|
|
60,878
|
60,984
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2020
|
2019
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
12,617
|
13,568
|
|
Corporation tax
|
|
1,792
|
1,310
|
|
Other creditors
|
|
63,080
|
55,223
|
|
|
|
_______
|
_______
|
|
|
|
77,489
|
70,101
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2020
|
2019
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
233,753
|
245,130
|
|
|
|
_______
|
_______
|
|
|
|
|
|
9.
Called up share capital
Issued, called up and fully paid
|
|
|
2020
|
|
|
|
2019
|
|
|
|
|
|
No
|
|
£
|
|
No
|
|
£
|
|
Ordinary
shares of £
1.00 each
|
|
300
|
|
300
|
|
300
|
|
300
|
|
|
|
_______
|
|
_______
|
|
_______
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
10.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
|
|
Balance owed by/(owed to)
|
|
|
|
|
|
|
2020
|
2019
|
|
|
|
|
|
£
|
£
|
|
|
A director
|
|
|
(55,506)
|
(50,523)
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|