Property & Business Research Limited - Period Ending 2018-06-30

Registration number: 05838767

Property & Business Research Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 30 June 2018

Property & Business Research Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Property & Business Research Limited

(Registration number: 05838767)
Balance Sheet
30 June 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	151	227
Current assets
Debtors	5	-	246
Cash at bank and in hand		16,407	2,894
		16,407	3,140
Creditors: Amounts falling due within one year	6	(15,112)	(6,755)
Net current assets/(liabilities)		1,295	(3,615)
Total assets less current liabilities		1,446	(3,388)
Provisions for liabilities		(102)	(102)
Net assets/(liabilities)		1,344	(3,490)
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,342	(3,492)
Total equity		1,344	(3,490)

The notes on pages 3 to 5 form an integral part of these financial statements.

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1

Property & Business Research Limited

(Registration number: 05838767)
Balance Sheet
30 June 2018

For the financial year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 March 2019 and signed on its behalf by:
 

 

A Burdett

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

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2

Property & Business Research Limited

Notes to the Financial Statements
Year Ended 30 June 2018

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and equipment	33% on a Reducing balance basis

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3

Property & Business Research Limited

Notes to the Financial Statements
Year Ended 30 June 2018

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2017 - 1).

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4

Property & Business Research Limited

Notes to the Financial Statements
Year Ended 30 June 2018

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 July 2017	4,517	4,517
At 30 June 2018	4,517	4,517
Depreciation
At 1 July 2017	4,290	4,290
Charge for the year	76	76
At 30 June 2018	4,366	4,366
Carrying amount
At 30 June 2018	151	151
At 30 June 2017	227	227

5

Debtors

	2018 £	2017 £
Trade debtors	-	71
Other debtors	-	175
Total current trade and other debtors	-	246

6

Creditors

	Note	2018 £	2017 £
Due within one year
Taxation and social security		2,046	-
Other creditors		12,869	6,754
Corporation tax liability		197	1
		15,112	6,755

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5