Neon Property Management Ltd - Accounts to registrar (filleted) - small 18.2
Neon Property Management Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2020 |
for |
Neon Property Management Ltd |
Neon Property Management Ltd (Registered number: 11456806) |
Contents of the Financial Statements |
for the Year Ended 31 July 2020 |
Page |
Balance Sheet | 1 |
Neon Property Management Ltd (Registered number: 11456806) |
Balance Sheet |
31 July 2020 |
31.7.20 | 31.7.19 |
£ | £ | £ | £ |
CALLED UP SHARE CAPITAL NOT PAID |
FIXED ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES | ( |
) | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Neon Property Management Ltd is a |
number and registered office address are as below: |
Registered number: | 11456806 |
Registered office: | 20-22 Wenlock Road |
London |
N1 7GU |
Going Concern |
The planning application process was delayed in the 2020 year as a result of the Global Covid-19 Pandemic, however planning permission |
for the conversion of the acquired commercial property into multiple residential dwellings, has been granted since the year end. |
It is not anticipated that there will be any further impact of the Covid-19 Pandemic on the business and no adverse effects are expect as a |
result of the ongoing Brexit negotiations. |
The director is of the opinion that Covid-19 and Brexit will actually increase the demand for residential accommodation, as the government |
begin to stimulate the economy and lending policies and interest rates are maintain at the current low level. Onward sale of the property with |
planning permission, or conversion of the property and subsequent sale or rental, are anticipated to generate significant revenue during this |
period. |
The director has confirmed that he will continue to support the business for a period of not less than 1 year whilst the company undertakes |
the development work. |
The company is therefore considered a going concern and the accounts have been prepared on this basis. |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
Neon Property Management Ltd (Registered number: 11456806) |
Balance Sheet - continued |
31 July 2020 |
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 were approved by the director and authorised for issue on |