The Old Reading Room Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08566233 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

The Old Reading Room Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Ms E J Drew

REGISTERED OFFICE:

No. 12

34/35 Sussex Square

Brighton

BN2 5AD

REGISTERED NUMBER:

08566233 (England and Wales)

ACCOUNTANTS:

BusinessHeads

Chartered Certified Accountants

54-56 West Street

Brighton

East Sussex

BN1 2RA

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Old Reading Room Limited for the year ended 30 June 2018 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of The Old Reading Room Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Old Reading Room Limited and state those matters that we have agreed to state to the director of The Old Reading Room Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that The Old Reading Room 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 The Old Reading Room Limited. You consider that The Old Reading Room 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 The Old Reading Room 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.

BusinessHeads

Chartered Certified Accountants

54-56 West Street

Brighton

East Sussex

BN1 2RA

8 October 2018

FIXED ASSETS

Tangible assets

4

63

94

CURRENT ASSETS

Debtors

5

2,449

3,740

Cash at bank

-

1,020

2,449

4,760

CREDITORS

Amounts falling due within one year

6

2,359

6,449

NET CURRENT ASSETS/(LIABILITIES)

90

(1,689

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

153

(1,595

)

CREDITORS

Amounts falling due after more than one
year

7

7,150

NET LIABILITIES

(6,997

)

(8,745

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(6,998

)

(8,746

)

SHAREHOLDERS' FUNDS

(6,997

)

(8,745

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 October 2018 and were signed by:

Ms E J Drew - Director

1.	STATUTORY INFORMATION

The Old Reading Room Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

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.

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2017

and 30 June 2018

470

DEPRECIATION

At 1 July 2017

376

Charge for year

31

At 30 June 2018

407

NET BOOK VALUE

At 30 June 2018

63

At 30 June 2017

94

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

Trade debtors

2,449

3,304

Other debtors

-

436

2,449

3,740

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

Bank loans and overdrafts

1,042

-

Trade creditors

389

540

Directors' current accounts

208

4,853

Accruals and deferred income

720

1,056

2,359

6,449

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

Other creditors

7,150

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms E J Drew.