Aston Property Estate Agents Ltd 30/04/2021 iXBRL

Aston Property Estate Agents Ltd 30/04/2021 iXBRL

ASTON PROPERTY ESTATE AGENTS LTD - Company Information

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Company registration number: 12542924
Aston Property Estate Agents Ltd
Unaudited filleted financial statements
30 April 2021
Aston Property Estate Agents Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Aston Property Estate Agents Ltd
Directors and other information
Director Miss B A Parmar (Appointed 1 April 2020)
Company number 12542924
Registered office 5 Underwood Street
London
N1 7LY
Aston Property Estate Agents Ltd
Statement of financial position
30 April 2021
30/04/21
Note £ £
Current assets
Debtors 4 9,890
Cash at bank and in hand 1,113
_______
11,003
Creditors: amounts falling due
within one year 5 ( 24,769)
_______
Net current liabilities ( 13,766)
_______
Total assets less current liabilities ( 13,766)
_______
Net liabilities ( 13,766)
_______
Capital and reserves
Called up share capital 1
Profit and loss account ( 13,767)
_______
Shareholder deficit ( 13,766)
_______
For the period ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 October 2022 , and are signed on behalf of the board by:
Miss B A Parmar
Director
Company registration number: 12542924
Aston Property Estate Agents Ltd
Statement of changes in equity
Period ended 30 April 2021
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2020 - - -
Loss for the period ( 13,767) ( 13,767)
_______ _______ _______
Total comprehensive income for the period - ( 13,767) ( 13,767)
Issue of shares 1 1
_______ _______ _______
Total investments by and distributions to owners 1 - 1
_______ _______ _______
At 30 April 2021 1 ( 13,767) ( 13,766)
_______ _______ _______
Aston Property Estate Agents Ltd
Notes to the financial statements
Period ended 30 April 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Street, London, N1 7LY.
The company was incorporated on 1 April 2020.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
30/04/21
£
Other debtors 9,890
_______
5. Creditors: amounts falling due within one year
30/04/21
£
Other creditors 24,769
_______
6. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Peiod ended 30/04/21
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Miss B A Parmar - ( 2,001) ( 2,001)
_______ _______ _______