New Town Property Management Ltd,Ltd - AccountsLtd - Accounts

New Town Property Management Ltd,Ltd - AccountsLtd - Accounts

NEW TOWN PROPERTY MANAGEMENT LTD - Company Information

Print Friendly Version

2020-06-01 SC536495 2021-05-31 SC536495 2020-06-01 2021-05-31 SC536495 2020-05-31 SC536495 2019-06-01 2020-05-31 SC536495 uk-core:WithinOneYear 2020-05-31 SC536495 uk-core:WithinOneYear 2021-05-31 SC536495 uk-core:AfterOneYear 2020-05-31 SC536495 uk-core:AfterOneYear 2021-05-31 SC536495 uk-core:ShareCapital 2021-05-31 SC536495 uk-core:ShareCapital 2020-05-31 SC536495 uk-bus:Director1 2020-06-01 2021-05-31 SC536495 uk-core:WithinOneYear uk-core:Secured 2021-05-31 SC536495 uk-core:WithinOneYear uk-core:Secured 2020-05-31 SC536495 uk-core:AfterOneYear uk-core:Secured 2021-05-31 SC536495 uk-core:AfterOneYear uk-core:Secured 2020-05-31 iso4217:GBP xbrli:pure SC536495 uk-bus:AuditExemptWithAccountantsReport 2020-06-01 2021-05-31 SC536495 uk-bus:FRS102 2020-06-01 2021-05-31 SC536495 uk-bus:FullAccounts 2020-06-01 2021-05-31 SC536495 uk-bus:PrivateLimitedCompanyLtd 2020-06-01 2021-05-31
New Town Property Management Ltd
Registered Number:SC536495
For the year ended 31 May 2021
Scotland
Unaudited Financial Statements
2
For the year ended 31 May 2021
New Town Property Management Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC536495
As at 31 May 2021
New Town Property Management Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
1,482
506
2
1,482
506
Current assets
Trade and other receivables
40,213
36,292
3
8,848
Cash and cash equivalents
13,223
49,515
49,061
Trade and other payables: amounts falling due within one
year
(34,467)
(35,997)
4
14,594
13,518
Net current assets
Total assets less current liabilities
15,000
15,100
Trade and other payables: amounts falling due after more
than one year
(15,000)
(14,900)
5
100
Net assets
100
Capital and reserves
Called up share capital
100
100
100
100
Shareholders' funds
For the year ended 31 May 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Barry Holt Director
These financial statements were approved and authorised for issue by the Board on 17 February 2022 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2021
New Town Property Management Ltd
Notes to the Financial Statements
Statutory Information
New Town Property Management Ltd is a private limited company, limited by shares, domiciled in Scotland,
registration number SC536495.
Principal place of business:
18/2 Murrayfield Avenue
Edinburgh
EH12 6AX
Registered address:
1 Inverleith Gardens
Edinburgh
EH3 5PU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 June 2020
1,268
1,537
Additions
At 31 May 2021
2,805
Provision for depreciation and impairment
At 01 June 2020
762
Charge for year
561
At 31 May 2021
1,323
At 31 May 2021
Net book value
1,482
At 31 May 2020
506
3. Trade and other receivables
2020
2021
£
£
Other debtors
36,292
40,213
2 of 3
5
For the year ended 31 May 2021
New Town Property Management Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft (secured)
13,150
13,150
Taxation and social security
15,627
11,377
Other creditors
7,220
9,940
35,997
34,467
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
14,900
15,000
6. Average number of persons employed
During the year the average number of employees was 2 (2020 : 2)
3 of 3