Company Registration No. 08728409 (England and Wales)
Access Property Management (UK) Limited
Unaudited accounts
for the year ended 30 June 2021
Access Property Management (UK) Limited
Unaudited accounts
Contents
Access Property Management (UK) Limited
Company Information
for the year ended 30 June 2021
Company Number
08728409 (England and Wales)
Registered Office
Standard House
107 - 115 Eastmoor Street
London
SE7 8LX
United Kingdom
Accountants
VM UK Accountants Limited
3, Lyndon house
Queen Mary Avenue
London
E18 2FQ
Access Property Management (UK) Limited
Statement of financial position
as at 30 June 2021
Investments
900,000
900,000
Cash at bank and in hand
72,049
355,338
Creditors: amounts falling due within one year
(1,192,865)
(1,352,295)
Net current liabilities
(859,658)
(848,704)
Total assets less current liabilities
40,342
51,296
Creditors: amounts falling due after more than one year
(40,000)
(50,000)
Called up share capital
100
100
Profit and loss account
242
1,196
Shareholders' funds
342
1,296
For the year ending 30 June 2021 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 his 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 16 March 2022 and were signed on its behalf by
X Lita
Director
Company Registration No. 08728409
Access Property Management (UK) Limited
Notes to the Accounts
for the year ended 30 June 2021
Access Property Management (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08728409. The registered office is Standard House, 107 - 115 Eastmoor Street, London, SE7 8LX, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Investments
Other investments
Valuation at 1 July 2020
900,000
Valuation at 30 June 2021
900,000
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
261,158
148,253
Access Property Management (UK) Limited
Notes to the Accounts
for the year ended 30 June 2021
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Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
-
Amounts owed to group undertakings and other participating interests
699,000
965,000
Taxes and social security
15,363
6,264
Other creditors
467,502
380,031
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Creditors: amounts falling due after more than one year
2021
2020
8
Transactions with related parties
Other creditors includes amount payable to creditor Greathall Ltd of £5,341 (2020: £160,026), Access Estates UK Ltd of £6,518 (2020: £50,349), Westmoor London Ltd of £60,429 (2020: £49,523), Lita Investments Limited £24,534 (2020: debtor £51,832), Mirfield London Limited £56,741 (220: £nil) , XJA Developments Limited £8,950 (2020: £nil). All of this company are fully owned subsidiary of Lita Homes Ltd and company in which Mr X Lita is common director and controlling shareholder.
Other debtors includes amount receivable from Access Building Contractors of £190,031 (2020: £122,262), Eastmoor London Ltd of £3,517 (2020 : credit £12,344), Woolwich Road Ltd of £34,316 (2020: £21,132), Access Plumstead Limited £1,145 (2020: £489). All of this companies are under common control of Mr X Lita who is director and controlling shareholder.
Access Property Management (UK) Limited is subsidiary of Lita Homes Limited the company in which Mr X Lita is director and controlling shareholder.
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Average number of employees
During the year the average number of employees was 1 (2020: 1).
