Sohot Property Limited - Accounts to registrar (filleted) - small 18.2
Sohot Property Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2020 |
FOR |
SOHOT PROPERTY LIMITED |
SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30th June 2020 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
SOHOT PROPERTY LIMITED |
COMPANY INFORMATION |
For The Year Ended 30th June 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SOHOT PROPERTY LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sohot Property Limited for the year ended 30th June 2020 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Sohot Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sohot Property Limited and state those matters that we have agreed to state to the Board of Directors of Sohot Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sohot Property Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Sohot Property 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 Sohot Property Limited. You consider that Sohot Property 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 Sohot Property 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. |
Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158) |
BALANCE SHEET |
30th June 2020 |
2020 | 2019 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Other reserves | 8 |
Retained earnings | 8 | ( |
) | (47,717 | ) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158) |
BALANCE SHEET - continued |
30th June 2020 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30th June 2020 |
1. | STATUTORY INFORMATION |
Sohot Property Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the rental incomes received from tenants. |
Tangible fixed assets |
All fixed assets are revalued to fair market values under FRS102 accounting standards. |
Covid 19 pandemic |
On 11 March 2020 the World Health Organisation declared the COVID-19 outbreak as a worldwide pandemic. The directors are carefully monitoring the situation and following the applicable guidance issued by the UK Government. The outbreak has had a significant impact on both people and industry across the world. Due to the nature of the outbreak and the ongoing affect it is having globally it is currently very difficult to fully predict the overall impact this situation will have on the company and its clients going forward. The directors have carefully considered the impact of this on the measurements of assets and liabilities in the financial statements and have made adjustments where required. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 1st July 2019 |
and 30th June 2020 |
NET BOOK VALUE |
At 30th June 2020 |
At 30th June 2019 |
SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30th June 2020 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 30th June 2020 is represented by: |
Land and |
buildings |
£ |
Valuation in 2020 | 550,000 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
as restated |
£ | £ |
Trade creditors | ( |
) |
Other creditors |
Directors' current accounts | 52,746 | 42,964 |
Accruals and deferred income |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
as restated |
£ | £ |
Bank loans more 5 yr by |
instalments |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by |
instalments | 438,129 | 432,000 |
438,129 | 432,000 |
The mortgage is interest only. During the Covid-19 pandemic, company had obtained three months mortgage holiday. Interest accrued during such period has been added to mortgage balance. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | as restated |
£ | £ |
Ordinary | £1 | 10 | 10 |
SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30th June 2020 |
8. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
£ | £ | £ |
At 1st July 2019 | ( |
) | 63,494 |
Prior year adjustment |
( |
) |
Deficit for the year | ( |
) | ( |
) |
At 30th June 2020 | ( |
) | 55,566 |
9. | RELATED PARTY DISCLOSURES |
The company is controlled by its directors. |
At the year end, there was a credit balance owed to Mr G De Canha of £30,989 (2019 : £32,987) |
At the year end, there was a credit balance owed to Mr S Flower of £21,756 (2019 : £17,446) |