Strollers Reach (Freehold) Limited - Period Ending 2021-12-31

Strollers Reach (Freehold) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Strollers Reach (Freehold) Limited

Balance Sheet

31 December 2021

	Note	2021 £	(As restated) 2020 £
Current assets
Debtors	4	3,342	3,133
Cash at bank and in hand		16,471	11,790
		19,813	14,923
Creditors: Amounts falling due within one year	5	(7,277)	(4,354)
Net assets		12,536	10,569
Capital and reserves
Called up share capital	6	160	160
Other reserve fund		10,000	6,600
General reserve fund		2,376	-
Profit and loss account		-	3,809
Shareholders' funds		12,536	10,569

Strollers Reach (Freehold) Limited

Balance Sheet

31 December 2021

For the financial year ending 31 December 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 March 2022 and signed on its behalf by:
 

A P Raymant Director

Company Registration Number: 11500801

Strollers Reach (Freehold) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 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:
202 Sandbanks Road
Poole
Dorset
BH14 8HA

The principal place of business is:
6 Barton Common Road
Barton On Sea
Hampshire
BH25 5PR

These financial statements were authorised for issue by the Board on 19 March 2022.

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.

Prior period errors

The prior period adjustment arose due to the correction of the issued share capital.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of maintenance contributions and levies in the ordinary course of the company’s activities. Turnover is shown net of value added tax and transfers between reserve funds..

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Strollers Reach (Freehold) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2021

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.






 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 2).

4

Debtors

	2021 £	(As restated) 2020 £
Prepayments	1,579	2,973
Other debtors	1,763	160
	3,342	3,133

Strollers Reach (Freehold) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2021

5

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Trade creditors	4,460	3,287
Other creditors	-	30
Accruals and deferred income	2,817	1,037
	7,277	4,354

6	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	160	160	160	160