Strakers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08290401 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Strakers Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Strassman

L Strassman

REGISTERED OFFICE:

24 Brookside Road

London

NW11 9NE

REGISTERED NUMBER:

08290401 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

5 Technology Park

Colindeep Lane

Colindale

London

NW9 6BX

FIXED ASSETS

Investment property

4

735,950

531,270

CURRENT ASSETS

Debtors

5

21,103

5,385

Cash at bank

44,586

48,364

65,689

53,749

CREDITORS

Amounts falling due within one year

6

323,497

329,426

NET CURRENT LIABILITIES

(257,808

)

(275,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

478,142

255,593

PROVISIONS FOR LIABILITIES

68,293

29,991

NET ASSETS

409,849

225,602

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

324,387

158,009

Retained earnings

85,460

67,591

SHAREHOLDERS' FUNDS

409,849

225,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 23 May 2019 and were signed on its behalf by:

D Strassman - Director

1.	STATUTORY INFORMATION

Strakers Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rental income receivable, excluding value added tax. Income is recognised when the rent

becomes due.

Investment property

Investment property is included at fair value. Gains are recognised in the statement of recognised gains and

losses in the income statement.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at transaction price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

531,270

Revaluations

204,680

At 30 November 2018

735,950

NET BOOK VALUE

At 30 November 2018

735,950

At 30 November 2017

531,270

Investment properties were revalued by the directors as at the year end, with fair value being determined by

reference to market based evidence of recent transactions for similar properties, in the surrounding vicinity.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

18,102

2,864

Other debtors

3,001

2,521

21,103

5,385

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

2,349

Corporation tax

6,592

11,308

Other creditors

2,802

2,519

Directors' current accounts

312,213

311,450

Accrued expenses

1,890

1,800

323,497

329,426

7.	RELATED PARTY DISCLOSURES

Amounts owed to the directors are interest free and repayable on demand.