CIRIUS PROPERTY LIMITED

CIRIUS PROPERTY LIMITED

CIRIUS PROPERTY LIMITED - Company Information

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CIRIUS PROPERTY LIMITED

Company Registration Number:
07712629 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2018

Period of accounts

Start date: 01 August 2017

End date: 31 July 2018

CIRIUS PROPERTY LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2018

Balance sheet
Notes

CIRIUS PROPERTY LIMITED

Balance sheet

As at 31 July 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 807,685 782,935
Total fixed assets: 807,685 782,935
Current assets
Cash at bank and in hand: 48,311 19,161
Total current assets: 48,311 19,161
Creditors: amounts falling due within one year:   (798,951) (768,135)
Net current assets (liabilities): (750,640) (748,974)
Total assets less current liabilities: 57,045 33,961
Total net assets (liabilities): 57,045 33,961
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 56,945 33,861
Shareholders funds: 57,045 33,961

The notes form part of these financial statements

CIRIUS PROPERTY LIMITED

Balance sheet statements

For the year ending 31 July 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2019
and signed on behalf of the board by:

Name: Mr S Ward
Status: Director

The notes form part of these financial statements

CIRIUS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

CIRIUS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

2. Tangible Assets

Total
Cost £
At 01 August 2017 782,935
Additions 24,750
At 31 July 2018 807,685
Net book value
At 31 July 2018 807,685
At 31 July 2017 782,935

CIRIUS PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

3. Related party transactions

Name of the related party: Cirius UK Limited
Relationship:
Immediate and Ultimate Parent Company
Description of the Transaction: During the year various transactions took place between Cirius Property Limited and Cirius UK Limited, its immediate and ultimate parent company, resulting in £792,136 (2017: £764,415) being owed to Cirius UK Limited by Cirius Property Limited at the balance sheet date.
£
Balance at 01 August 2017 764,415
Balance at 31 July 2018 792,136