ACCOUNTS - Final Accounts preparation

NEATRUN PROPERTIES LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-312023-05-112022-08-312023-05-09truefalse2021-09-01No description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02339884 2021-09-01 2022-08-31 02339884 2020-09-01 2021-08-31 02339884 2022-08-31 02339884 2021-08-31 02339884 c:Director1 2021-09-01 2022-08-31 02339884 d:CurrentFinancialInstruments 2022-08-31 02339884 d:CurrentFinancialInstruments 2021-08-31 02339884 d:Non-currentFinancialInstruments 2022-08-31 02339884 d:Non-currentFinancialInstruments 2021-08-31 02339884 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 02339884 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 02339884 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 02339884 d:Non-currentFinancialInstruments d:AfterOneYear 2021-08-31 02339884 d:ShareCapital 2022-08-31 02339884 d:ShareCapital 2021-08-31 02339884 d:RetainedEarningsAccumulatedLosses 2022-08-31 02339884 d:RetainedEarningsAccumulatedLosses 2021-08-31 02339884 c:FRS102 2021-09-01 2022-08-31 02339884 c:AuditExemptWithAccountantsReport 2021-09-01 2022-08-31 02339884 c:FullAccounts 2021-09-01 2022-08-31 02339884 c:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 02339884 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-09-01 2022-08-31 02339884 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-08-31 02339884 2 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure

Registered number: 02339884

NEATRUN PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2022

NEATRUN PROPERTIES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NEATRUN PROPERTIES LIMITED
FOR THE YEAR ENDED 31 AUGUST 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Neatrun Properties Limited for the year ended 31 August 2022 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Neatrun Properties Limited in accordance with the terms of our engagement letter dated 7 March 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Neatrun Properties Limited and state those matters that we have agreed to state to the director of Neatrun Properties Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Neatrun Properties Limited and its director for our work or for this report.

It is your duty to ensure that Neatrun Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Neatrun Properties Limited. You consider that Neatrun Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Neatrun Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MA Partners LLP

Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ

11 May 2023

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NEATRUN PROPERTIES LIMITED

REGISTERED NUMBER: 02339884

BALANCE SHEET

AS AT 31 AUGUST 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	51,375		68,435
Cash at bank and in hand		3,320		4,878
		54,695		73,313
Creditors: amounts falling due within one year	5	(20,817)		(22,002)
Net current assets			33,878		51,311
Total assets less current liabilities			33,878		51,311
Creditors: amounts falling due after more than one year	6		(28,183)		(38,259)

Net assets			5,695		13,052

Capital and reserves
Called up share capital	200	200
Profit and loss account	5,495	12,852
	5,695	13,052

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NEATRUN PROPERTIES LIMITED

REGISTERED NUMBER: 02339884

BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2023.

J Howard

Director

The notes on pages 4 to 6 form part of these financial statements.

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NEATRUN PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

1.	General information

Neatrun Properties Limited is a United Kingdom company limited by shares. It is incorporated and domiciled in England and Wales. The registered office address is Claydon Hall, Claydon, Ipswich, IP6 0EL.
The Company's principal activity is property management in England.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover comprises management and consultancy services provided during the year, recognised on an accruals in accordance with the period for which the service was provided. The Company is not registered for Value Added Tax.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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NEATRUN PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

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NEATRUN PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

Debtors

					2022	2021
					£	£


Trade debtors	17,500	10,000
Other debtors	33,875	58,435
	51,375	68,435

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Bank overdrafts	-	1,344
Bank loans	9,317	9,241
Trade creditors	1,440	-
Corporation tax	5,574	4,391
Other creditors	2,860	5,587
Accruals and deferred income	1,626	1,439
	20,817	22,002

6.	Creditors: Amounts falling due after more than one year
		2022	2021
		£	£

Bank loans	28,183	38,259
	28,183	38,259

7.	Transactions with directors

As at 1 September 2021, the balance owed by the director was £23,205. During the year the company paid personal expenses of £7,914 on behalf of the director who reimbursed the company with £31,119.
As a result the balance owed by the director was £Nil at the year end.

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