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

REGISTERED NUMBER: 07421770

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31 MARCH 2018 TO 29 MARCH 2019

FOR

THEPROPERTYSAINTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs N P Bees

G G Bees

REGISTERED OFFICE:

6 Bridge Street

Northampton

Northamptonshire

NN1 1NW

REGISTERED NUMBER:

07421770

ACCOUNTANTS:

Lucentum Business Services Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

CURRENT ASSETS

Debtors

4

68,716

65,279

Cash at bank and in hand

1,735

8,285

70,451

73,564

CREDITORS

Amounts falling due within one year

5

55,963

64,450

NET CURRENT ASSETS

14,488

9,114

TOTAL ASSETS LESS CURRENT LIABILITIES

14,488

9,114

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

14,486

9,112

SHAREHOLDERS' FUNDS

14,488

9,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2019 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 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 Board of Directors and authorised for issue on 23 April 2020 and were signed on its behalf by:

G G Bees - Director

1.	STATUTORY INFORMATION

Thepropertysaints Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.19

30.3.18

£

£

Other debtors

54,365

56,425

Directors' loan accounts

13,351

8,854

Prepayments and accrued income

1,000

-

68,716

65,279

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.19

30.3.18

£

£

Trade creditors

-

20

Tax

1,439

10,326

Other creditors

48,327

48,327

Deposits held

4,797

3,977

Accruals and deferred income

1,400

1,800

55,963

64,450

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.3.19

30.3.18

value:

£

£

2

ordinary shares

£1

2

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 29 March 2019

and 30 March 2018:

29.3.19

30.3.18

£

£

G G Bees

Balance outstanding at start of period

(8,854

)

(11,574

)

Amounts advanced

24,622

8,400

Amounts repaid

(29,129

)

(5,680

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(13,361

)

(8,854

)

Interest is charged on this loan at the official rate set by HMRC.