Secured Property Investments Limited - Accounts to registrar (filleted) - small 18.2
Secured Property Investments Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
SECURED PROPERTY INVESTMENTS LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 |
SECURED PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09394336) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 January 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SECURED PROPERTY INVESTMENTS LIMITED |
COMPANY INFORMATION |
for the year ended 31 January 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
SECURED PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09394336) |
BALANCE SHEET |
31 January 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
SECURED PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09394336) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 January 2021 |
1. | STATUTORY INFORMATION |
Secured Property Investments Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
SECURED PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 09394336) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 January 2021 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Money invested | 457,724 | 459,224 |
Charges outstanding to Mr & Mrs Muir and Richmond Residential Plc which are secured against the property renovation. |
7. | RELATED PARTY DISCLOSURES |
Loans owing to the director's on an interest free basis of £16,955 (prior year £15,111) were outstanding at the year end. |