Property & Business Research Limited - Period Ending 2020-06-30
Property & Business Research Limited - Period Ending 2020-06-30
Registration number:
Property & Business Research Limited
for the Year Ended 30 June 2020
Property & Business Research Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Property & Business Research Limited
Company Information
Directors |
A Burdett R Burdett |
Company secretary |
R Burdett |
Registered office |
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Accountants |
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Property & Business Research Limited
(Registration number: 05838767)
Balance Sheet
30 June 2020
Note |
2020 |
2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Property & Business Research Limited
(Registration number: 05838767)
Balance Sheet
30 June 2020
For the financial year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
Property & Business Research Limited
Notes to the Unaudited Financial Statements
Year Ended 30 June 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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.
Going concern
The financial statements have been prepared on a going concern basis.
As at the year end date, the balance sheet shows a negative reserves position. The accounts are prepared on a going concern basis due to the continued support of the bankers and company director.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is recognised whent he amount of revenue can be reliably measured.
Tax
The tax expense for the period comprises tax and is recognised in profit or loss account.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Property & Business Research Limited
Notes to the Unaudited Financial Statements
Year Ended 30 June 2020
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture and equipment |
33% per annum reducing balance basis |
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business and are recognised initially at the transaction price.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at the transaction price.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Property & Business Research Limited
Notes to the Unaudited Financial Statements
Year Ended 30 June 2020
Tangible assets |
Fixtures and fittings |
Office equipment |
Total |
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Cost or valuation |
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At 1 July 2019 |
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At 30 June 2020 |
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Depreciation |
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At 1 July 2019 |
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Charge for the year |
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At 30 June 2020 |
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Carrying amount |
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At 30 June 2020 |
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At 30 June 2019 |
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Debtors |
2020 |
2019 |
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Trade debtors |
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- |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
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