Nationwide Property Buyers Limited Filleted accounts for Companies House (small and micro)

Nationwide Property Buyers Limited Filleted accounts for Companies House (small and micro)

NATIONWIDE PROPERTY BUYERS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07397892
NATIONWIDE PROPERTY BUYERS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 October 2019
NATIONWIDE PROPERTY BUYERS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2019
CONTENTS
PAGES
Statement of financial position
1
Notes to the financial statements
2
NATIONWIDE PROPERTY BUYERS LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2019
2019
2018
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
619
130
Cash at bank and in hand
59,521
60,103
--------
--------
60,140
60,233
CREDITORS: amounts falling due within one year
5
( 10,531)
( 10,878)
--------
--------
NET CURRENT ASSETS
49,609
49,355
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
49,609
49,355
--------
--------
NET ASSETS
49,609
49,355
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
49,509
49,255
--------
--------
SHAREHOLDER FUNDS
49,609
49,355
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 September 2020 , and are signed on behalf of the board by:
K Andrews
Director
Company registration number: 07397892
NATIONWIDE PROPERTY BUYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 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 237 Acklam Road, Middlesbrough, TS5 7AB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of maintenance charges and rental income received, exclusive of Value Added Tax.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. DEBTORS
2019
2018
£
£
Trade debtors
600
–
Other debtors
19
130
----
----
619
130
----
----
5. CREDITORS: amounts falling due within one year
2019
2018
£
£
Trade creditors
–
168
Corporation tax
59
43
Other creditors
10,472
10,667
--------
--------
10,531
10,878
--------
--------