Sunset Property Management Ltd
|
Registered number: |
01599098
|
Balance Sheet |
as at 31 March 2017
|
|
Notes |
|
|
2017 |
|
|
2016 |
£ |
£ |
Current assets |
Service charge arrears |
|
|
979 |
|
|
925 |
Cash at bank and in hand |
|
|
16,088 |
|
|
6,404 |
|
|
|
17,067 |
|
|
7,329 |
|
Creditors: amounts falling due within one year |
2 |
|
(2,462) |
|
|
(2,462) |
|
Net current assets |
|
|
|
14,605 |
|
|
4,867 |
|
Net assets |
|
|
|
14,605 |
|
|
4,867 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
9 |
|
|
9 |
Profit and loss account |
|
|
|
14,596 |
|
|
4,858 |
|
Shareholders' funds |
|
|
|
14,605 |
|
|
4,867 |
|
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
G J Leadbeater |
Director |
Approved by the board on 12 October 2017
|
|
Sunset Property Management Ltd
|
Notes to the Accounts |
for the year ended 31 March 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
|
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
|
|
|
Debtors |
|
Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
|
|
|
2 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Accruals |
462 |
|
462 |
|
Corporation tax |
2,000 |
|
2,000 |
|
|
|
|
|
|
2,462 |
|
2,462 |
|
|
|
|
|
|
|
|
|
|
3 |
Other information |
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|
Sunset Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
56 Rockbourne Avenue |
|
Liverpool |
|
L25 4TL |