PROPERTY ANGELS LETTING AND MANAGEMENT LTD

PROPERTY ANGELS LETTING AND MANAGEMENT LTD

PROPERTY ANGELS LETTING AND MANAGEMENT LTD - Company Information

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1 August 2021 false No description of principal activity Taxfiler 2022.8.3 SC393221business:PrivateLimitedCompanyLtd2021-08-012022-07-31 SC3932212021-07-31 SC3932212021-08-012022-07-31 SC393221business:AuditExemptWithAccountantsReport2021-08-012022-07-31 SC393221business:FullAccounts2021-08-012022-07-31 SC3932212022-07-31 SC393221business:Director12021-08-012022-07-31 SC393221business:RegisteredOffice2021-08-012022-07-31 SC3932212021-07-31 SC393221core:AfterOneYear2022-07-31 SC393221core:AfterOneYear2021-07-31 SC393221core:RetainedEarningsAccumulatedLosses2022-07-31 SC393221core:RetainedEarningsAccumulatedLosses2021-07-31 SC393221business:SmallEntities2021-08-012022-07-31 SC393221countries:Scotland2021-08-012022-07-31 SC393221core:FurnitureFittings2021-07-31 SC393221core:ComputerEquipment2021-07-31 SC393221core:FurnitureFittings2021-08-012022-07-31 SC393221core:ComputerEquipment2021-08-012022-07-31 SC393221core:FurnitureFittings2022-07-31 SC393221core:ComputerEquipment2022-07-31 SC393221core:WithinOneYear2022-07-31 SC393221core:WithinOneYear2021-07-31 SC3932212020-08-012021-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC393221 (Scotland)
PROPERTY ANGELS LETTING AND MANAGEMENT LTD Unaudited accounts for the year ended 31 July 2022
PROPERTY ANGELS LETTING AND MANAGEMENT LTD Unaudited accounts Contents
Page
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PROPERTY ANGELS LETTING AND MANAGEMENT LTD Company Information for the year ended 31 July 2022
Director
Angelina Franchitti
Company Number
SC393221 (Scotland)
Registered Office
14 MAIN STREET BOTHWELL GLASGOW G71 8RF SCOTLAND
Accountants
Kay Simpson & Co Ltd 2 Royal Crescent Lower Ground Floor Glasgow Lanarkshire G3 7SL
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PROPERTY ANGELS LETTING AND MANAGEMENT LTD Accountants' report
Accountants' report to the director of PROPERTY ANGELS LETTING AND MANAGEMENT LTD on the preparation of the unaudited statutory accounts for the year ended 31 July 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PROPERTY ANGELS LETTING AND MANAGEMENT LTD for the year ended 31 July 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PROPERTY ANGELS LETTING AND MANAGEMENT LTD, as a body, in accordance with the terms of our engagement letter dated 5 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of PROPERTY ANGELS LETTING AND MANAGEMENT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PROPERTY ANGELS LETTING AND MANAGEMENT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PROPERTY ANGELS LETTING AND MANAGEMENT LTD 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 of PROPERTY ANGELS LETTING AND MANAGEMENT LTD. You consider that PROPERTY ANGELS LETTING AND MANAGEMENT LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PROPERTY ANGELS LETTING AND MANAGEMENT LTD. 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 statutory accounts.
Kay Simpson & Co Ltd 2 Royal Crescent Lower Ground Floor Glasgow Lanarkshire G3 7SL 23 July 2022
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PROPERTY ANGELS LETTING AND MANAGEMENT LTD Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,065 
2,565 
Current assets
Debtors
5
- 
8,545 
Cash at bank and in hand
7,284 
5,698 
7,284 
14,243 
Net current assets
7,284 
14,243 
Total assets less current liabilities
13,349 
16,808 
Creditors: amounts falling due after more than one year
6
(108,376)
(119,678)
Net liabilities
(95,027)
(102,870)
Capital and reserves
Profit and loss account
(95,027)
(102,870)
Shareholders' funds
(95,027)
(102,870)
For the year ending 31 July 2022 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 her 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 23 July 2022 and were signed on its behalf by
Angelina Franchitti Director Company Registration No. SC393221
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PROPERTY ANGELS LETTING AND MANAGEMENT LTD Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
PROPERTY ANGELS LETTING AND MANAGEMENT LTD is a private company, limited by shares, registered in Scotland, registration number SC393221. The registered office is 14 MAIN STREET, BOTHWELL, GLASGOW, G71 8RF, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2021
2,565 
255 
2,820 
Additions
- 
3,500 
3,500 
At 31 July 2022
2,565 
3,755 
6,320 
Depreciation
At 1 August 2021
- 
255 
255 
At 31 July 2022
- 
255 
255 
Net book value
At 31 July 2022
2,565 
3,500 
6,065 
At 31 July 2021
2,565 
- 
2,565 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
- 
8,545 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Loans from directors
108,376 
119,678 
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PROPERTY ANGELS LETTING AND MANAGEMENT LTD Notes to the Accounts for the year ended 31 July 2022
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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