Company Registration No. 01774651 (England and Wales)
SYSTEM 21 LIMITED
Unaudited accounts
for the year ended 31 December 2020
SYSTEM 21 LIMITED
Unaudited accounts
Contents
SYSTEM 21 LIMITED
Company Information
for the year ended 31 December 2020
Company Number
01774651 (England and Wales)
Registered Office
FLETCHER ROAD
FLETCHER ROAD
PRESTON
PR1 5AD
ENGLAND
SYSTEM 21 LIMITED
Statement of financial position
as at 31 December 2020
Tangible assets
304,614
304,614
Cash at bank and in hand
154
986
Creditors: amounts falling due within one year
(931,716)
(923,885)
Net current liabilities
(931,562)
(922,899)
Net liabilities
(626,572)
(617,909)
Called up share capital
1,000
1,000
Revaluation reserve
71,181
71,181
Profit and loss account
(698,753)
(690,090)
Shareholders' funds
(626,572)
(617,909)
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2021 and were signed on its behalf by
Mr A D Whiting
Director
Company Registration No. 01774651
SYSTEM 21 LIMITED
Notes to the Accounts
for the year ended 31 December 2020
SYSTEM 21 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01774651. The registered office is FLETCHER ROAD, FLETCHER ROAD, PRESTON, PR1 5AD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
At 31 December 2020
304,614
At 31 December 2020
304,614
At 31 December 2019
304,614
5
Investments
Other investments
Valuation at 1 January 2020
376
Valuation at 31 December 2020
376
SYSTEM 21 LIMITED
Notes to the Accounts
for the year ended 31 December 2020
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
1,610
2,452
Amounts owed to group undertakings and other participating interests
1,156
1,156
Loans from directors
827,404
818,754
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
