S & P Property Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 02932550 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2021

for

S & P Property Services Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

4

Directors:

J Slater

H Perales

Registered office:

Abacus House 14-18

Forest Road

Loughton

Essex

IG10 1DX

Registered number:

02932550 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

6,272

8,157

Current assets

Debtors

39,297

33,712

Cash at bank and in hand

6,524

8,229

45,821

41,941

Creditors

Amounts falling due within one year

(122,637

)

(107,303

)

Net current liabilities

(76,816

)

(65,362

)

Total assets less current liabilities

(70,544

)

(57,205

)

Creditors

Amounts falling due after more than one year

(13,713

)

(16,868

)

Net liabilities

(84,257

)

(74,073

)

Capital and reserves

Called up share capital

1,200

1,200

Retained earnings

(85,457

)

(75,273

)

Shareholders' funds

(84,257

)

(74,073

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the year ended 31st December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 8th December 2022 and were signed on its behalf by:

J Slater - Director

1.	Statutory information

S & P Property Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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.

3.	Employees and directors

The average number of employees during the year was 2 (2020 - 1 ) .

4.	Tangible fixed assets

Totals

£

Cost

At 1st January 2021

and 31st December 2021

101,996

Depreciation

At 1st January 2021

93,839

Charge for year

1,885

At 31st December 2021

95,724

Net book value

At 31st December 2021

6,272

At 31st December 2020

8,157

5.	Going concern

The accounts have been prepared on a going concern basis despite the deficiency disclosed in the balance sheet, and in anticipation of the continued financial support of the company's creditors.