SL2 Property Limited Filleted accounts for Companies House (small and micro)
SL2 Property Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10791795
|
|
|
|
|
|
|
|
|
Abridged Financial Statements |
Year ended 31 May 2019
|
Contents |
Page |
|
Abridged statement of financial position |
1 |
|
Notes to the abridged financial statements |
3 |
|
|
|
Abridged Statement of Financial Position |
|
2019 |
2018 |
|
|
Note |
£ |
£ |
Fixed assets
|
Tangible assets |
4 |
|
|
|
Creditors: amounts falling due within one year |
|
|
|
------------ |
--------- |
|
|
Net current liabilities |
|
|
|
------------ |
------------ |
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
|
|
|
------------ |
------------ |
|
|
Net liabilities |
(
|
(
|
|
------------ |
------------ |
|
Capital and reserves
|
Called up share capital |
|
|
|
Profit and loss account |
(
|
(
|
|
-------- |
-------- |
|
|
Shareholders deficit |
(
|
(
|
|
-------- |
-------- |
|
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
|
|
Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
29 February 2020
, and are signed on behalf of the board by:
|
|
|
|
Director |
|
Company registration number:
10791795
|
|
|
Notes to the Abridged Financial Statements |
Year ended 31 May 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 151 Askew Road, London.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Tangible assets
|
£ |
|
|
Cost |
|
|
At 1 June 2018 |
|
|
Additions |
|
|
------------ |
|
|
At 31 May 2019 |
|
|
------------ |
|
|
Depreciation |
|
|
At 1 June 2018 and 31 May 2019 |
– |
|
------------ |
|
|
Carrying amount |
|
|
At 31 May 2019 |
3,654,402 |
|
------------ |
|
|
At 31 May 2018 |
2,129,630 |
|
------------ |
|
5.
Related party transactions
At the year end the company owed DX9 Property Limited £1,425,097 (2018: £414,760.00)