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PLOT 6 BUCKINGWAY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
Plot 6 Buckingway Management Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered office address is Alacer House Buckingway Business Park, Anderson Road, Swavesey, Cambridge, CB24 4UQ.
The Company's functional and presentational currency is GBP.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Turnover comprises revenue recognised by the Company in respect of services provided during the year, exclusive of Value Added Tax. Turnover is recognised as the fair value consideration received or receivable and is recognised in the Profit and Loss account in the period to which it relates to.
Short-term debtors are measured at transaction price, less any impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).
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Prepayments and accrued income
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