Proudhon Limited
Proudhon Limited
Registered number: 11946787
Unaudited Financial Statements
For the Period
15 April 2019
to
30 April 2020
Sharpe Medical Accounting Ltd
Proudhon Limited
Unaudited Financial Statements
For the Period
15 April 2019
to
30 April 2020
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Proudhon Limited
Balance Sheet
As at
30 April 2020
Balance Sheet
Registered number:
11946787
For the period ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
30 April 2020 | |||
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Notes | £ | £ | |
FIXED ASSETS | |||
Tangible Assets | 3 |
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CURRENT ASSETS | |||
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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Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES | |||
Called up share capital | 6 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | (5,997) | ||
Page 1
Proudhon Limited
Balance Sheet (continued)
As at
30 April 2020
Director's responsibilities
-
The member has 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. - 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 Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Proudhon Limited
Notes to the Financial Statements
For the Period
15 April 2019
to
30 April 2020
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 recognised when a company gains entitlement to receive income from a third party.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold |
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1.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
30 April 2020 | |
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Office and administration |
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Page 3
Proudhon Limited
Notes to the Financial Statements (continued)
For the Period
15 April 2019
to
30 April 2020
3.
Tangible Assets
Investment Properties | |
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£ | |
Cost | |
As at
|
|
Additions | 217,313 |
As at
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Net Book Value | |
As at
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As at
|
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4.
Creditors: Amounts Falling Due Within One Year
30 April 2020 | |
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£ | |
Other creditors |
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Accruals and deferred income |
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Director's loan account |
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5.
Creditors: Amounts Falling Due After More Than One Year
30 April 2020 | |
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£ | |
Bank loans |
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7.
General Information
Proudhon Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11946787
. The registered office is Sharpe Medical Accounting, Normanby Gateway, Lysaghts Way, Scunthorpe, North Lincolnshire, DN15 9YG.
Page 4