Signature Properties Ltd - Accounts to registrar (filleted) - small 18.2

SIGNATURE PROPERTIES LTD - Company Information

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REGISTERED NUMBER: 07775331

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

SIGNATURE PROPERTIES LTD

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

Mr Tuzarat Hussain Khaliq

REGISTERED OFFICE:

187 Harborne Lane

Selly Oak

Birmingham

West Midlands

B29 6SS

REGISTERED NUMBER:

07775331

FIXED ASSETS

Tangible assets

2,428,077

2,436,018

CURRENT ASSETS

Debtors

24,736

147,448

Cash at bank

301,077

2,564

325,813

150,012

CREDITORS

Amounts falling due within one year

244,344

104,023

NET CURRENT ASSETS

81,469

45,989

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,509,546

2,482,007

CREDITORS

Amounts falling due after more than one
year

(948,040

)

(969,639

)

PROVISIONS FOR LIABILITIES

(2,855

)

(3,086

)

NET ASSETS

1,558,651

1,509,282

CAPITAL AND RESERVES

Called up share capital

Revaluation reserve

1,477,649

Retained earnings

81,001

31,632

SHAREHOLDERS' FUNDS

1,558,651

1,509,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue on 22 May 2020 and were signed by:

Mr Tuzarat Hussain Khaliq - Director

1.	STATUTORY INFORMATION

Signature Properties Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents invoiced sales of services.

Tangible fixed assets

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

Fixtures and fittings

15% on reducing balance

Computer equipment

20% on reducing balance

Taxation

Taxation for the year 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 year 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 year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

COST OR VALUATION

At 1 October 2018

2,000,000

378,189

98,470

3,010

2,479,669

Additions

933

At 30 September 2019

2,000,000

378,189

99,403

3,010

2,480,602

DEPRECIATION

At 1 October 2018

41,832

1,819

43,651

Charge for year

8,636

238

8,874

At 30 September 2019

50,468

2,057

52,525

NET BOOK VALUE

At 30 September 2019

2,000,000

378,189

48,935

953

2,428,077

At 30 September 2018

2,000,000

378,189

56,638

1,191

2,436,018

Cost or valuation at 30 September 2019 is represented by:

Improvements

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

Valuation in 2013

477,650

Valuation in 2014

250,000

Valuation in 2016

750,000

Cost

522,350

378,189

99,403

3,010

1,002,952

2,000,000

378,189

99,403

3,010

2,480,602

If freehold property had not been revalued they would have been included at the following historical cost:

30.9.19

30.9.18

Cost

522,350

Freehold property was valued on an open market basis on 30 September 2019 by the director .

The valuation has not been undertaken by any experienced valuer therefore this treatment is not in line with the

Financial Reporting Standards.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

Amounts owed by associates

24,736

Other debtors

50,000

Directors' current accounts

97,448

24,736

147,448

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

Bank loans and overdrafts

61,280

62,332

Trade creditors

21,405

8,849

Rental account

12,300

10,500

Amounts owed to associates

45,700

17,150

Tax

14,844

3,032

Social security and other taxes

981

Directors' current accounts

85,674

Accrued expenses

2,160

244,344

104,023

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.19

30.9.18

Bank loans - 1-2 years

58,226

62,332

Bank loans - 2-5 years

118,647

142,271

Bank loans more 5 yr by instal

771,167

765,036

948,040

969,639

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

771,167

765,036

RESERVES

Revaluation

reserve

At 1 October 2018

and 30 September 2019

1,477,649

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Tuzarat Hussain Khaliq.