17 Posting House Limited
17 Posting House Limited
Registered number: 11067414
Financial Statements
For The Year Ended
31 January 2021
Seligman Percy
Chartered Accountants
11 -16 Prudential Buildings
61 St. Petersgate
Stockport
Cheshire
SK1 1DH
17 Posting House Limited
Financial Statements
For The Year Ended
31 January 2021
Financial Statements
| Contents | |
| Page | |
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| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—4 |
17 Posting House Limited
Statement of Financial Position
As at
31 January 2021
Statement of Financial Position
Registered number:
11067414
For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 390 | 390 | |||
Page 1
17 Posting House Limited
Statement of Financial Position (continued)
As at
31 January 2021
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
17 Posting House Limited
Notes to the Financial Statements
For The Year Ended
31 January 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amounts invoiced during the period.
1.3.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2020: 3)
3.
Debtors
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| Due within one year | |||
| Corporation tax recoverable assets |
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| Amounts owed by group undertakings |
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4.
Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other creditors |
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| Accruals and deferred income |
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Page 3
17 Posting House Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2021
5.
Share Capital
| 2021 | 2020 | ||
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| Allotted, Called up and fully paid |
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6.
Related Party Transactions
During the year the company was charged rent and service charges of £6,270 (2020: £12,540) by Kingscrown Properties Limited, the parent company of 17 Posting House Limited. At the year end the amount due from Kingscrown Properties Limited was £5,622 (2020: £3,091).
7.
Ultimate Controlling Party
The company's ultimate controlling party is Kingscrown Properties Limited by virtue of ownership of 100% of the issued share capital in the company.
8.
General Information
17 Posting House Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11067414
. The registered office is Suites 7 -10 Prudential Buildings, 61 St Petersgate, Stockport, SK1 1DH.
Page 4