Signature Properties Ltd - Accounts to registrar (filleted) - small 18.2

SIGNATURE PROPERTIES LTD - Company Information

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REGISTERED NUMBER: 07775331

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

SIGNATURE PROPERTIES LTD

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

Mr Tuzarat Hussain Khaliq

REGISTERED OFFICE:

187 Harborne Lane

Selly Oak

Birmingham

West Midlands

B29 6SS

REGISTERED NUMBER:

07775331

FIXED ASSETS

Tangible assets

2,436,018

2,362,591

CURRENT ASSETS

Debtors

147,448

50,000

Cash at bank

2,564

1,376

150,012

51,376

CREDITORS

Amounts falling due within one year

104,023

207,454

NET CURRENT ASSETS/(LIABILITIES)

45,989

(156,078

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,482,007

2,206,513

CREDITORS

Amounts falling due after more than one
year

(969,639

)

(712,022

)

PROVISIONS FOR LIABILITIES

(3,086

)

(3,359

)

NET ASSETS

1,509,282

1,491,132

CAPITAL AND RESERVES

Called up share capital

Revaluation reserve

1,477,649

Retained earnings

31,632

13,482

SHAREHOLDERS' FUNDS

1,509,282

1,491,132

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

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

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 9 September 2019 and were signed by:

Mr Tuzarat Hussain Khaliq - Director

1.	STATUTORY INFORMATION

Signature Properties Ltd is a private company, limited by shares , registered in Not specified/Other. The

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

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 invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

15% on reducing balance

Motor vehicles

20% on reducing balance

Computer equipment

20% on reducing balance

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 balance sheet date.

Deferred tax

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

sheet 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.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

and

property

fittings

COST OR VALUATION

At 1 October 2017

2,000,000

306,877

84,362

Additions

71,312

14,108

At 30 September 2018

2,000,000

378,189

98,470

DEPRECIATION

At 1 October 2017

31,837

Charge for year

9,995

Eliminated on disposal

At 30 September 2018

41,832

NET BOOK VALUE

At 30 September 2018

2,000,000

378,189

56,638

At 30 September 2017

2,000,000

306,877

52,525

Motor

Computer

vehicles

equipment

Totals

COST OR VALUATION

At 1 October 2017

4,150

3,010

2,398,399

Additions

85,420

Disposals

(4,150

)

(4,150

)

At 30 September 2018

3,010

2,479,669

DEPRECIATION

At 1 October 2017

2,450

1,521

35,808

Charge for year

298

10,293

Eliminated on disposal

(2,450

)

(2,450

)

At 30 September 2018

1,819

43,651

NET BOOK VALUE

At 30 September 2018

1,191

2,436,018

At 30 September 2017

1,700

1,489

2,362,591

Cost or valuation at 30 September 2018 is represented by:

Improvements

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

Valuation in 2013

477,650

Valuation in 2014

250,000

Valuation in 2016

750,000

Cost

522,350

378,189

98,470

3,010

1,002,019

2,000,000

378,189

98,470

3,010

2,479,669

If freehold property had not been revalued they would have been included at the following historical cost:

30.9.18

30.9.17

Cost

522,350

Freehold property was valued on an open market basis on 30 September 2018 by the director .

The valuation has not been undertaken by any experienced valuer therefore this treatment is not in line with the

Financial Reporting Standards.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

Other debtors

50,000

Directors' current accounts

97,448

147,448

50,000

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

Bank loans and overdrafts

62,332

Trade creditors

8,849

Rental account

10,500

8,590

Amounts owed to associates

17,150

27,400

Tax

3,032

Directors' current accounts

169,302

Accrued expenses

2,160

104,023

207,454

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.18

30.9.17

Bank loans - 1-2 years

62,332

Bank loans - 2-5 years

142,271

Bank loans more 5 yr by instal

765,036

Bank loan 4

669,205

Bank Loan 5

24,150

Bank loan 6

18,667

969,639

712,022

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

765,036

RESERVES

Revaluation

reserve

At 1 October 2017

and 30 September 2018

1,477,649

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Tuzarat Hussain Khaliq.