Company registration number:
00891819
Aberystwyth Properties Limited
Unaudited financial statements
31 December 2018
Aberystwyth Properties Limited
Contents
Directors and other information
Director's report
Accountants report
Income statement
Statement of financial position and notes to the financial statements
Aberystwyth Properties Limited
Directors and other information
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Director
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Mrs G. O. Burgess
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Secretary
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A. C. Burgess
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Company number
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00891819
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Registered office
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Alltfedw Fach
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Trawsgoed
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Aberystwyth
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Ceredigion
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SY23 4PF
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Accountants
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Davies Lewis Baker
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31 Bridge Street
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Aberystwyth
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Ceredigion
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SY23 1QB
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Aberystwyth Properties Limited
Director's report
Year ended 31 December 2018
The director presents her report and the unaudited financial statements of the company for the year ended 31 December 2018.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
28 September 2019
and signed on behalf of the board by:
A. C. Burgess
Secretary
Aberystwyth Properties Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Aberystwyth Properties Limited
Year ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aberystwyth Properties Limited for the year ended 31 December 2018 which comprise the income statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Aberystwyth Properties 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 Aberystwyth Properties Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aberystwyth Properties Limited and its director as a body for our work or for this report.
It is your duty to ensure that Aberystwyth Properties 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 Aberystwyth Properties Limited. You consider that Aberystwyth Properties 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 Aberystwyth Properties 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.
Davies Lewis Baker
Association of Chartered Certified Accountants
31 Bridge Street
Aberystwyth
Ceredigion
SY23 1QB
30 September 2019
Aberystwyth Properties Limited
Income statement
Year ended 31 December 2018
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2018
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2017
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£
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£
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Turnover
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26,126
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33,000
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Other charges
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252,321
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(9,369)
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Tax
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2,887)
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3,179)
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Profit
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275,560
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20,452
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Aberystwyth Properties Limited
Statement of financial position
31 December 2018
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2018
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2017
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£
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£
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Fixed assets
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-
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29,298
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_______
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Current assets
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326,474
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43,210
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Creditors: amounts falling due within one year
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(
55,917)
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(
13,280)
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_______
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_______
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Net current assets
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270,557
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29,930
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Total assets less current liabilities
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270,557
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59,228
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Accruals and deferred income
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(
1,056)
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1,287)
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Net assets
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269,501
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57,941
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Capital and reserves
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269,501
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57,941
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Notes to the financial statements
Aberystwyth Properties Limited
Year ended 31 December 2018
1.
Related party transactions
In order to facilitate the sale of the company's freehold property in December 2018 the company acquired the residential leasehold flat held in the name of the director, Mrs GO Burgess, for £51, 930, representing it's open market value. Previously, the residential flat was let to the director, Mrs GO Burgess at a ground rent of £1 per annum.
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the
board of directors
and authorised for issue on
28 September 2019
, and are signed on behalf of the board by:
Mrs G. O. Burgess
Director
Company registration number:
00891819
The company is a private company limited by shares, registered in England & Wales.