English Properties Limited
|
Registered Number
:
02723337
|
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
English Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
English Properties Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
131
174
2
131
174
Trade and other receivables
|
-
594
3
2,764
Cash and cash equivalents
|
39
633
2,764
Trade and other payables
:
amounts falling due within one
|
year
|
(336,176)
(310,595)
4
(333,412)
(309,962)
Net current liabilities
Total assets less current liabilities
|
(309,831)
(333,238)
Trade and other payables
:
amounts falling due after more
|
than one year
|
(77,509)
(77,509)
5
(387,340)
Net liabilities
(410,747)
3
3
(387,343)
(410,750)
(387,340)
(410,747)
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
Mrs Elisabeth Ann Callaghan Director
|
These financial statements were approved and authorised for issue by the Board on 29 September 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
English Properties Limited
Notes to the Financial Statements
Statutory Information
English Properties Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
02723337
.
|
Longlands Hall
Eastend Lane
Stonham Aspal
Suffolk
IP14 6AR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
These are the first financial statements prepared under the new standards
.
The transition date
|
is
1
January
2015
.
|
The financial statements have been prepared under the historical costs convention as modified by the revaluation of
|
certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
|
2 of 3
For the year ended 31 December 2016
English Properties Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
3,950
3,950
Provision for depreciation and impairment
|
3,776
Charge for year
43
3,819
131
174
3
.
Trade and other receivables
|
2015
2016
594
-
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
Taxation and social security
|
4,273
6,147
306,322
330,029
310,595
336,176
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2015
2016
77,509
77,509
3 of 3