Michael Thompson Property Limited Filleted accounts for Companies House (small and micro)
Michael Thompson Property Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04516936
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
8 |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
2 March 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04516936
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Notes to the Financial Statements |
Year ended 31 December 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 St Ninians Road, Carlisle, Cumbria, CA2 4NE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation policy
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings |
- |
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Motor vehicles |
- |
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Investment property
Impairment of fixed assets
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2019:
2
).
5.
Tangible assets
Freehold property |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost or Valuation |
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At 1 January 2020 and 31 December 2020 |
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Depreciation |
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At 1 January 2020 |
– |
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Charge for the year |
– |
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At 31 December 2020 |
– |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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The property was revalued by Michael Carigiet, FRICS of Michael Carigiet Associates Limited on the basis of market value on 7 June,2004. The historic cost of this property is £462,513.
6.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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The bank overdraft (if any) is secured over the freehold property.
8.
Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses. The total amount shown in the profit and loss account includes £425,475 (2019 - £425,475) which is undistributable.
9.
Directors' advances, credits and guarantees
The Directors were not advanced any monies during the period.
10.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A other than already disclosed above.