Company Registration No. 11240388 (England and Wales)
73 Properties Limited
Unaudited accounts
for the year ended 31 March 2020
73 Properties Limited
Unaudited accounts
Contents
73 Properties Limited
Company Information
for the year ended 31 March 2020
Directors
Adrian Ene
Sarah Ene
Company Number
11240388 (England and Wales)
Registered Office
73 The Street
Adisham
Kent
CT3 3JW
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 73 Properties Limited for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
73 Properties Limited for the year ended
31 March 2020 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Chartered Accountants
18 December 2020
73 Properties Limited
Statement of financial position
as at
31 March 2020
Tangible assets
455,000
215,000
Cash at bank and in hand
51,124
135,477
Creditors: amounts falling due within one year
(44,933)
(91,594)
Net current assets
6,191
43,883
Total assets less current liabilities
461,191
258,883
Creditors: amounts falling due after more than one year
(507,631)
(290,130)
Net liabilities
(46,440)
(31,247)
Called up share capital
2
2
Profit and loss account
(46,442)
(31,249)
Shareholders' funds
(46,440)
(31,247)
For the year ending 31 March 2020 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2020 and were signed on its behalf by
Sarah Ene
Director
Company Registration No. 11240388
73 Properties Limited
Notes to the Accounts
for the year ended 31 March 2020
73 Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11240388. The registered office is 73 The Street, Adisham, Kent, CT3 3JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
5
Creditors: amounts falling due within one year
2020
2019
Loans from directors
44,153
90,814
73 Properties Limited
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
-
290,130
7
Average number of employees
During the year the average number of employees was 0 (2019: 0).