St Michael's Limited Filleted accounts for Companies House (small and micro)

St Michael's Limited Filleted accounts for Companies House (small and micro)

ST MICHAEL'S LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03744926
St Michael's Limited
Filleted Unaudited Financial Statements
31 March 2020
St Michael's Limited
Financial Statements
Year ended 31 March 2020
Contents
Page
Officers and professional advisers
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
St Michael's Limited
Officers and Professional Advisers
The board of directors
A J Baulf (Chairman)
J H Alexandre
P H Barnett
J D Finch
Mrs B D Martin
M F Oyarzabel
D P Stewart
Mrs A J Tullet
C W C Woods
N J Mann
R A Farnes
D A Poole
Mrs S Cottle
Registered office
12 Station Road West
Oxted
Surrey
UK
RH8 9ES
Accountants
Baulf-James
Chartered accountants
17-19 Station Road West
Oxted
Surrey
RH8 9EE
St Michael's Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of St Michael's Limited
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Michael's Limited for the year ended 31 March 2020, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of St Michael's Limited, as a body, in accordance with the terms of our engagement letter dated 21 January 2014. Our work has been undertaken solely to prepare for your approval the financial statements of St Michael's Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Michael's Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that St Michael's Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of St Michael's Limited. You consider that St Michael's Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of St Michael's Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Baulf-James Chartered accountants
17-19 Station Road West Oxted Surrey RH8 9EE
9 October 2020
St Michael's Limited
Statement of Financial Position
31 March 2020
2020
2019
Note
£
£
Fixed assets
Tangible assets
5
1
1
Current assets
Debtors
6
14,627
3,041
Cash at bank and in hand
127,279
134,941
---------
---------
141,906
137,982
Creditors: amounts falling due within one year
7
141,887
79,049
---------
---------
Net current assets
19
58,933
----
--------
Total assets less current liabilities
20
58,934
Creditors: amounts falling due after more than one year
8
–
52,500
----
--------
Net assets
20
6,434
----
--------
Capital and reserves
Called up share capital
20
20
Profit and loss account
–
6,414
----
-------
Shareholders funds
20
6,434
----
-------
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 Section 1A of 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 March 2020 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 year 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 9 October 2020 , and are signed on behalf of the board by:
A J Baulf (Chairman)
Director
Company registration number: 03744926
St Michael's Limited
Notes to the Financial Statements
Year ended 31 March 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Station Road West, Oxted, Surrey, RH8 9ES, UK.
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.
Revenue recognition
Turnover represents rental income relating to the year and the recharge of expenses incurred on behalf of the leaseholders of the company's property.
Corporation tax
The taxation expense represents the current corporation tax charge .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2019: 2 ).
5. Tangible assets
Freehold property
£
Cost
At 1 April 2019 and 31 March 2020
1
----
Depreciation
At 1 April 2019 and 31 March 2020
–
----
Carrying amount
At 31 March 2020
1
----
At 31 March 2019
1
----
The Company owns the Freehold of St Michael's, Wolf's Row, Limpsfield, Oxted, Surrey RH8 0QL.
6. Debtors
2020
2019
£
£
Other debtors
14,627
3,041
--------
-------
7. Creditors: amounts falling due within one year
2020
2019
£
£
Corporation tax
7,131
1,536
Social security and other taxes
205
749
Funds for future expenses at St Michael's
55,050
–
Other creditors
79,501
76,764
---------
--------
141,887
79,049
---------
--------
8. Creditors: amounts falling due after more than one year
2020
2019
£
£
Internal decorating fund
–
43,000
Lift fund
–
9,500
----
--------
–
52,500
----
--------
9. Related party transactions
The directors are all holders of long leases at St. Michael's and are recharged by the company for expenses incurred on their behalf.