Paul O'shea Homes (Lettings) Limited
Paul O'shea Homes (Lettings) Limited
Registered number: 11940113
Unaudited Financial Statements
For the Period
11 April 2019
to
30 April 2020
Paul O'shea Homes (Lettings) Limited
Unaudited Financial Statements
For the Period
11 April 2019
to
30 April 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountants' Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
Paul O'shea Homes (Lettings) Limited
Accountants' Report
For the Period
11 April 2019
to
30 April 2020
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of
Paul O'shea Homes (Lettings) Limited
For the Period 11 April 2019 to 30 April 2020
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Paul O'shea Homes (Lettings) Limited
which comprise the Profit and Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of
Paul O'shea Homes (Lettings) Limited
, as a body, in accordance with the terms of our engagement letter dated 03 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of
Paul O'shea Homes (Lettings) Limited
and state those matters that we have agreed to state to the directors of
Paul O'shea Homes (Lettings) Limited
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://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
Paul O'shea Homes (Lettings) Limited
and its directors as a body for our work or for this report.
It is your duty to ensure that
Paul O'shea Homes (Lettings) Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Paul O'shea Homes (Lettings) Limited
. You consider that
Paul O'shea Homes (Lettings) Limited
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of
Paul O'shea Homes (Lettings) 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 financial statements.
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Chartered Certified Accountants
Salisbury House
29 Finsbury Circus
London
EC2M 7AQ
Page 1
Paul O'shea Homes (Lettings) Limited
Balance Sheet
As at
30 April 2020
Balance Sheet
Registered number:
11940113
For the period ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 April 2020 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 3 |
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|
| Cash at bank and in hand |
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||
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|||
| Creditors: Amounts Falling Due Within One Year | 4 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
||
| NET LIABILITIES |
( |
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 5 |
|
|
| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | (6,522) | ||
Page 2
Paul O'shea Homes (Lettings) Limited
Balance Sheet (continued)
As at
30 April 2020
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
Paul O'shea Homes (Lettings) Limited
Notes to the Financial Statements
For the Period
11 April 2019
to
30 April 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
1.3.
Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
3.
Debtors
| 30 April 2020 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
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| Prepayments and accrued income |
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4.
Creditors: Amounts Falling Due Within One Year
| 30 April 2020 | |
|---|---|
| £ | |
| Trade creditors |
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| VAT |
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| Accruals and deferred income |
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| Directors' loan accounts |
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Page 4
Paul O'shea Homes (Lettings) Limited
Notes to the Financial Statements (continued)
For the Period
11 April 2019
to
30 April 2020
6.
Related Party Transactions
Included in creditors due within one year is an amount of £4,099 owed to its directors. The amount is interest free and repayable on demand.
7.
General Information
Paul O'shea Homes (Lettings) Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11940113
. The registered office is Paul Oshea Homes (Lettings) Limited Airport House, Purley Way, Croydon, CR0 0XZ.
Page 5