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

REGISTERED NUMBER: 03132957 (England and Wales)

Surveyspace Limited

Unaudited Financial Statements

for the Period 1 January 2018 to 31 March 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

PJ Fleming

SECRETARY:

Mrs SG Bagguley

REGISTERED OFFICE:

14 Sizergh Road

Bare

Morecambe

Lancashire

LA4 6TL

REGISTERED NUMBER:

03132957 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Investment property

3

-

80,000

CURRENT ASSETS

Debtors

4

6,639

-

CREDITORS

Amounts falling due within one year

5

-

687

NET CURRENT ASSETS/(LIABILITIES)

6,639

(687

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,639

79,313

CREDITORS

Amounts falling due after more than one year

6

-

38,366

NET ASSETS

6,639

40,947

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

-

40,748

Retained earnings

6,539

99

SHAREHOLDERS' FUNDS

6,639

40,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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 18 September 2019 and were signed by:

PJ Fleming - Director

1.	STATUTORY INFORMATION

Surveyspace 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 (£).

The amounts in the financial statements have been rounded to the nearest £1.

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.

Investment property

In accordance with Statement of Standard Accounting Practice No. 19, the company's property is held

for long-term investment and is included in the Balance Sheet at its open market value. The surplus or

deficit on revaluation of such property is transferred to the investment property revaluation reserve.

Depreciation is not provided in respect of freehold investment properties. This policy represents a

departure from the requirements of the Companies Act, which requires depreciation to be provided on

all fixed assets. The director considers that this policy is necessary in order that the Financial

Statements may give a true and fair view because current values and changes in current values are of

prime importance rather than the calculation of systematic annual depreciation. Depreciation is only

one of many factors reflected in the valuation and the amount which might otherwise have been shown

cannot be separately identified or quantified.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions

of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are

initially measured at transaction price and are subsequently carried at cost unless the arrangement

indicates otherwise and then the asset is measured at the present value of the future receipts

discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals,

bank loans and group borrowings, are initially recognised at transaction price and are subsequently

carried at cost unless the arrangement indicates otherwise and then the liability is measured at the

present value of the future obligations discounted at a market rate of interest.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

80,000

Disposals

(80,000

)

At 31 March 2019

-

NET BOOK VALUE

At 31 March 2019

-

At 31 December 2017

80,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Directors' current accounts

6,639

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Corporation tax

-

687

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2017

£

£

Director's loan account

-

38,366

The director's loan account is interest free, unsecured and has no terms of repayment.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2017

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

In the director's opinion the company is controlled by Mr PJ Fleming.