Property & Business Research Limited - Period Ending 2021-06-30

Property & Business Research Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

Property & Business Research Limited

Company Information

Directors

A Burdett R Burdett

Company secretary

R Burdett

Registered office

Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Accountants

Burton Sweet Limited Chartered Accountants and Business Advisors Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Property & Business Research Limited

(Registration number: 05838767)
Balance Sheet
30 June 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	-	67
Current assets
Debtors	5	-	1,122
Cash at bank and in hand		10,484	10,991
		10,484	12,113
Creditors: Amounts falling due within one year	6	(22,268)	(22,599)
Net current liabilities		(11,784)	(10,486)
Total assets less current liabilities		(11,784)	(10,419)
Provisions for liabilities		(19)	(19)
Net liabilities		(11,803)	(10,438)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(11,805)	(10,440)
Total equity		(11,803)	(10,438)

Property & Business Research Limited

(Registration number: 05838767)
Balance Sheet
30 June 2021

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 March 2022 and signed on its behalf by:
 

A Burdett
Director

Property & Business Research Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The accounts have not been prepared on a going concern basis as the company ceased to trade in August 2020.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is recognised whent he amount of revenue can be reliably measured.

Tax

The tax expense for the period comprises tax and is recognised in profit or loss account.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Property & Business Research Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2021

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and equipment	33% per annum reducing balance basis

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business and are recognised initially at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at the transaction price.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 2).

Property & Business Research Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2021

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 July 2020	925	3,591	4,516
Disposals	(925)	(3,591)	(4,516)
At 30 June 2021	-	-	-
Depreciation
At 1 July 2020	925	3,524	4,449
Charge for the year	-	68	68
Eliminated on disposal	(925)	(3,592)	(4,517)
At 30 June 2021	-	-	-
Carrying amount
At 30 June 2021	-	-	-
At 30 June 2020	-	67	67

5

Debtors

	2021 £	2020 £
Trade debtors	-	1,122
	-	1,122

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Accruals and deferred income	540	720
Other creditors	21,728	21,879
	22,268	22,599