Weakley Eynon Properties Limited Filleted accounts for Companies House (small and micro)

WEAKLEY EYNON PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11641404

Weakley Eynon Properties Limited

Filleted Unaudited Financial Statements

31 October 2019

Weakley Eynon Properties Limited

Statement of Financial Position

31 October 2019

	31 Oct 19
Note	£

Current assets

Debtors	4	8,563
Cash at bank and in hand		100
		-------
		8,663

Creditors: amounts falling due within one year	5	10,190
		--------
Net current liabilities		1,527
		-------
Total assets less current liabilities		( 1,527)
		-------
Net liabilities		( 1,527)
		-------

Capital and reserves

Called up share capital	100
Profit and loss account	( 1,627)
	-------
Shareholders deficit	( 1,527)
	-------

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 comprehensive income has not been delivered.

For the period ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their 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 30 September 2020 , and are signed on behalf of the board by:

Mr M J Eynon

Director

Company registration number: 11641404

Weakley Eynon Properties Limited

Notes to the Financial Statements

Period from 24 October 2018 to 31 October 2019

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 1 Picton Lane, Swansea, SA1 4AF.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	31 Oct 19
	£
Trade debtors	1,260
Other debtors	7,303
	-------
	8,563
	-------

5. Creditors: amounts falling due within one year

	31 Oct 19
	£
Other creditors	10,190
	--------

6. Related party transactions

GKW Management Limited, a company under the control of a director and shareholder , paid expenses on behalf of the company totalling £7,670 during the period. £5,260 had been repaid to GKW Management Limited by the period with £2,410 still outstanding at the balance sheet date. MJE Properties Limited, a company under the control of a director and shareholder , paid expenses on behalf of the company totalling £6,935 during the period. As at 31 October 2019 £6,935 is still owed to MJE Properties Limited.