Sumnix Property Ltd Filleted accounts for Companies House (small and micro)
Sumnix Property Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
11731942
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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2022
Contents |
Page |
Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Registered office |
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UK |
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Accountants |
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Chartered Accountants |
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Lynton House |
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7-12 Tavistock Square |
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London |
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WC1H 9BQ |
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STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
4 |
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CURRENT ASSETS
Debtors |
5 |
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Cash at bank and in hand |
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-------- |
-------- |
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CREDITORS: amounts falling due within one year |
6 |
(
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(
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NET CURRENT LIABILITIES |
(
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(
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
7 |
(
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(
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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------- |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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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 financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
11 November 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
11731942
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ, UK.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Tangible assets
Freehold property |
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£ |
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Cost |
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At 1 April 2021 and 31 March 2022 |
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--------- |
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Depreciation |
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At 1 April 2021 and 31 March 2022 |
– |
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Carrying amount |
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At 31 March 2022 |
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--------- |
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At 31 March 2021 |
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--------- |
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5.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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– |
Other debtors |
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-------- |
-------- |
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6.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Other creditors |
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--------- |
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7.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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8.
Directors' advances, credits and guarantees
As at the balance sheet date an amount of £154,005 was owing by the company to the directors.