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Unaudited Financial Statements for the Year Ended 31 July 2019 |
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Ross McLean Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 July 2019 |
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for |
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Ross McLean Limited |
Ross McLean Limited (Registered number: 04184075) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Ross McLean Limited |
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Company Information |
for the Year Ended 31 July 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
5a Frascati Way |
Maidenhead |
Berkshire |
SL6 4UY |
Ross McLean Limited (Registered number: 04184075) |
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Balance Sheet |
31 July 2019 |
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31.7.19 | 31.7.18 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
Ross McLean Limited (Registered number: 04184075) |
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Balance Sheet - continued |
31 July 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Ross McLean Limited (Registered number: 04184075) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2019 |
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1. | STATUTORY INFORMATION |
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Ross McLean Limited is a
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company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In the application of the company's accounting policies the directors are required to make |
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are |
not readily apparent from other sources. The estimates and associated assumptions are based on |
historical experience and other factors that are considered to be relevant. Actual results may differ |
from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to |
accounting estimates are recognised in the period in which the estimate is revised if the revision |
affects only that period, or in the period of the revision and future periods if the revision affects |
both current and future periods. |
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The company does not make significant estimates and assumptions concerning the future. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost using the effective interest method, |
except for investments in non-convertible preference and non-puttable preference and ordinary |
shares, which are measured at fair value, with changes recognised in profit or loss. Derivative |
financial instruments are initially recorded at cost and therefore at fair value, with changes |
recognised in profit and loss. |
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Taxation |
Taxation for the year 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Ross McLean Limited (Registered number: 04184075) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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 year end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
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3. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
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COST |
At 1 August 2018 |
and 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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4. | FIXED ASSET INVESTMENTS |
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31.7.19 | 31.7.18 |
£ | £ |
Shares in group undertakings |
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Other investments not loans |
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Ross McLean Limited (Registered number: 04184075) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
COST |
At 1 August 2018 |
and 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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Investments (neither listed nor unlisted) were as follows: |
31.7.19 | 31.7.18 |
£ | £ |
Ground rents (at valuation) | 1,150 | 1,150 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Registered office: |
Nature of business:
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Class of shares: | holding |
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31.7.19 | 31.7.18 |
£ | £ |
Aggregate capital and reserves |
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Profit/(loss) for the year |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Other debtors |
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Ross McLean Limited (Registered number: 04184075) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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Gordons Builders Merchant Limited |
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During the year management charges of £10,000 (2018: £10,000) were received from Gordons |
Builders Merchants Limited. |
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As at 31 July 2019 the company was owed £105,978 (2018:£99,698). |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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The company is controlled and managed by its directors and co-shareholders Mr H.R.M. Gordon and |
Mrs V.A. Gordon. |