Flat 7 Strollers Reach Limited - Period Ending 2021-03-31
Flat 7 Strollers Reach Limited - Period Ending 2021-03-31
Period from 8 October 2019 to
Registration number:
Flat 7 Strollers Reach Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Flat 7 Strollers Reach Limited
Company Information
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Directors |
M S Adams S T Janes |
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Registered office |
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Accountants |
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Flat 7 Strollers Reach Limited
Balance Sheet
31 March 2021
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Note |
2021 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Flat 7 Strollers Reach Limited
Balance Sheet
31 March 2021
For the financial period ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
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Company Registration Number: 12250082
Flat 7 Strollers Reach Limited
Notes to the Unaudited Financial Statements
Period from 8 October 2019 to 31 March 2021
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investment property
Flat 7 Strollers Reach Limited
Notes to the Unaudited Financial Statements
Period from 8 October 2019 to 31 March 2021
Financial instruments
Classification
• Short term trade and other debtors and creditors
• Bank loans
All financial instruments are classified as basic.
Recognition and measurement
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.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Investment properties |
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2021 |
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Additions |
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Fair value adjustments |
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At 31 March 2021 |
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Debtors |
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2021 |
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Amounts owed by group undertakings |
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Other debtors |
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Flat 7 Strollers Reach Limited
Notes to the Unaudited Financial Statements
Period from 8 October 2019 to 31 March 2021
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Creditors |
Creditors: amounts falling due within one year
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2021 |
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Due within one year |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
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Note |
2021 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
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2021 |
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Loans and borrowings due after one year |
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Bank borrowings |
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The above amount is due after more than five years not by instalments.
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Reserves |
Included in the profit and loss reserves are £217,954 of non-distributable reserves.