Taylor Property Investments Ltd - Period Ending 2019-06-30
Taylor Property Investments Ltd - Period Ending 2019-06-30
COMPANY REGISTRATION NUMBER:
Taylor Property Investments Ltd
for the Period from 4 January 2018 to 30 June 2019
Chartered Accountants
1st Floor, 3 & 4 Cranmere Court
Lustleigh Close
Matford Business Park
Exeter
Devon
EX2 8PW
Taylor Property Investments Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Taylor Property Investments Ltd
Company Information
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Directors |
Mr S Taylor Mrs S Taylor |
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Registered office |
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Accountants |
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Taylor Property Investments Ltd
(Registration number: 11133989)
Balance Sheet as at 30 June 2019
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Note |
30 June 2019 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Taylor Property Investments Ltd
(Registration number: 11133989)
Balance Sheet as at 30 June 2019
For the financial period ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 has been taken.
Approved and authorised for issue by the
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Director
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Director
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Taylor Property Investments Ltd
Notes to the Financial Statements for the Period from 4 January 2018 to 30 June 2019
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Taylor Property Investments Ltd
Notes to the Financial Statements for the Period from 4 January 2018 to 30 June 2019
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Debtors |
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2019 |
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Other debtors |
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Total current trade and other debtors |
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Taylor Property Investments Ltd
Notes to the Financial Statements for the Period from 4 January 2018 to 30 June 2019
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Creditors |
Creditors: amounts falling due within one year
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Note |
2019 |
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Due within one year |
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Loans and borrowings |
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Accruals and deferred income |
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Taylor Property Investments Ltd
Notes to the Financial Statements for the Period from 4 January 2018 to 30 June 2019
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Loans and borrowings |
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2019 |
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Current loans and borrowings |
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Other borrowings |
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Share capital |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
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Related party transactions |
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Other transactions with directors |
During the year, the Directors provided the company with an interest free loan. At the balance sheet date, the amount due to the Directors was £352,656, which has no set repayment date.
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