Feltham Manchester Lettings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11193625 (England and Wales)

FELTHAM MANCHESTER LETTINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Feltham

M Feltham

H A Feltham

REGISTERED OFFICE:

20 Aldwych Avenue

Manchester

M14 4NL

REGISTERED NUMBER:

11193625 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

CURRENT ASSETS

Debtors

4

40,620

9,068

Cash at bank and in hand

9,479

11,403

50,099

20,471

CREDITORS

Amounts falling due within one year

5

(23,547

)

(23,275

)

NET CURRENT ASSETS/(LIABILITIES)

26,552

(2,804

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,552

(2,804

)

CREDITORS

Amounts falling due after more than one year

6

(21,000

)

-

NET ASSETS/(LIABILITIES)

5,552

(2,804

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,452

(2,904

)

SHAREHOLDERS' FUNDS

5,552

(2,804

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2021 and were signed on its behalf by:

D Feltham - Director

1.	STATUTORY INFORMATION

Feltham Manchester Lettings Limited is a private company, limited by shares, registered in England and Wales. The company's registered numbers is 11193625 and its registered office address is 20 Aldwych Avenue, Rusholme, Manchester, M14 5NL.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have considered the impact of the global Covid-19 pandemic on the company and recognise that the future cannot be predicted with any certainty. Procedures have been introduced to ensure that operations are conducted in accordance with official government advice as the company continues to trade. The directors will endeavour to monitor and control costs as necessary and any available government backed support will be obtained as required.

The directors have considered the business risks and believe that the company is well placed to manage these risks successfully, thus the going concern basis of accounting has been adopted in preparing these financial statements.

Significant judgements and estimates

In the opinion of the directors there are no critical accounting estimates or judgements.

Revenue

Revenue comprises the aggregate of the fair value of the sale of services provided. Service revenues are recognised as those services that are provided to customers and comprise of property management services.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leasing commitments

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

800

Other debtors

40,620

8,268

40,620

9,068

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

18,171

23,275

Taxation and social security

1,279

-

Other creditors

4,097

-

23,547

23,275

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

21,000

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

21,000

-

7.	RELATED PARTY DISCLOSURES

Included within trade creditors are amounts totalling £12,353 (2019 : £12,353) due to related companies.

Included within other debtors are amounts totalling £36,966 ( 2019 : £5,098) due from related companies.