Thompson Property Management (York) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09045919 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2019 TO 31 DECEMBER 2019

FOR

THOMPSON PROPERTY MANAGEMENT (YORK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Thompson

S J Thompson

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

09045919 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

479,028

484,132

Investment property

5

65,852

65,852

544,880

549,984

CURRENT ASSETS

Debtors

6

3,568

6,031

Cash at bank

6,071

4,176

9,639

10,207

CREDITORS

Amounts falling due within one year

7

572,760

585,098

NET CURRENT LIABILITIES

(563,121

)

(574,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,241

)

(24,907

)

PROVISIONS FOR LIABILITIES

3,234

-

NET LIABILITIES

(21,475

)

(24,907

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(21,575

)

(25,007

)

SHAREHOLDERS' FUNDS

(21,475

)

(24,907

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2020 and were signed on its behalf by:

G Thompson - Director

S J Thompson - Director

1.	STATUTORY INFORMATION

Thompson Property Management (York) Ltd 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.

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.

The financial statements have been prepared on a going concern basis the validity of which is dependent on the

continued financial support of the directors. The directors have confirmed that this support will continue for the

foreseeable future.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover is derived from the provision of property management.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Furniture and fixtures

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2019

470,527

31,289

501,816

Additions

-

2,713

2,713

At 31 December 2019

470,527

34,002

504,529

DEPRECIATION

At 1 June 2019

3,356

14,328

17,684

Charge for period

5,489

2,328

7,817

At 31 December 2019

8,845

16,656

25,501

NET BOOK VALUE

At 31 December 2019

461,682

17,346

479,028

At 31 May 2019

467,171

16,961

484,132

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2019

and 31 December 2019

65,852

NET BOOK VALUE

At 31 December 2019

65,852

At 31 May 2019

65,852

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.5.19

£

£

Other debtors

3,568

6,031

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.5.19

£

£

Trade creditors

422

160

Taxation and social security

235

-

Other creditors

572,103

584,938

572,760

585,098

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.5.19

value:

£

£

100

Ordinary

£1

100

100