Strollers Reach (Freehold) Limited - Period Ending 2020-12-31

Strollers Reach (Freehold) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Strollers Reach (Freehold) Limited

Balance Sheet

31 December 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	2,981	7,745
Cash at bank and in hand		11,790	3,004
		14,771	10,749
Creditors: Amounts falling due within one year	5	(4,354)	(5,369)
Net assets		10,417	5,380
Capital and reserves
Called up share capital	6	8	8
Profit and loss account		10,409	5,372
Shareholders' funds		10,417	5,380

Strollers Reach (Freehold) Limited

Balance Sheet

31 December 2020

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 April 2021 and signed on its behalf by:
 

......................................... S T Janes Director

Company Registration Number: 11500801

Strollers Reach (Freehold) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
230 Ashley Road
Poole
Dorset
BH14 9BY

These financial statements were authorised for issue by the Board on 28 April 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of maintenance contributions and levies in the ordinary course of the company’s activities. Turnover is shown net of value added tax and transfers between reserve funds..

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Strollers Reach (Freehold) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.






 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2019 - 2).

4

Debtors

	2020 £	2019 £
Trade debtors	-	5,667
Prepayments	2,973	2,070
Other debtors	8	8
	2,981	7,745

Strollers Reach (Freehold) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2020

5

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Trade creditors	3,287	1,665
Accruals and deferred income	1,037	2,889
Other creditors	30	815
	4,354	5,369

6	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary shares of £1 each	8	8	8	8