Sure Move Properties Ltd - Period Ending 2015-04-30

Registration number: 05042306

Sure Move Properties Ltd

Unaudited Abbreviated Accounts

for the Period from 1 April 2014 to 30 April 2015

 

KRW Accountants Ltd
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Bus. Park
Alderton Rd
Towcester
NN12 7LS

Sure Move Properties Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Sure Move Properties Ltd
(Registration number: 05042306)
Abbreviated Balance Sheet at 30 April 2015

		Note			30 April 2015 £			31 March 2014 £
Fixed assets
Intangible fixed assets					37,946			63,047
Tangible fixed assets					4,220			5,859
					42,166			68,906
Current assets
Debtors					25,513			17,771
Cash at bank and in hand					10,368			15,918
					35,881			33,689
Creditors: Amounts falling due within one year					(33,228)			(101,584)
Net current assets/(liabilities)					2,653			(67,895)
Net assets					44,819			1,011
Capital and reserves
Called up share capital		3			6			6
Profit and loss account					44,813			1,005
Shareholders' funds					44,819			1,011

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have 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 in accordance with the provisions applicable to companies subject to the small companies regime .

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Sure Move Properties Ltd
(Registration number: 05042306)
Abbreviated Balance Sheet at 30 April 2015
......... continued

Approved by the director on 25 January 2016

.........................................
George Roland Thomas
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Sure Move Properties Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	30% reducing balance
Furniture, fixtures and fittings	25% reducing balance
Motor vehicles	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Sure Move Properties Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 30 April 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		231,700			38,591			270,291
Additions		-			206			206
At 30 April 2015		231,700			38,797			270,497
Depreciation
At 1 April 2014		168,653			32,732			201,385
Charge for the period		25,101			1,845			26,946
At 30 April 2015		193,754			34,577			228,331
Net book value
At 30 April 2015		37,946			4,220			42,166
At 31 March 2014		63,047			5,859			68,906

3	Share capital

Allotted, called up and fully paid shares

	30 April 2015						31 March 2014
		No.			£			No.			£
Ordinary of £1 each		6			6			6			6

Page 4

Sure Move Properties Ltd
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 30 April 2015
......... continued

4	Related party transactions

Directors' advances and credits

	1 April 2014 to 30 April 2015 Advance/ Credit £	1 April 2014 to 30 April 2015 Repaid £	Year ended 31 March 2014 Advance/ Credit £	Year ended 31 March 2014 Repaid £
Mrs Lora F Livesey
Amounts drawn in the period	12,334	-	19,384	-
Repayments made	-	82,182	-	10,200
	12,334	82,182	19,384	10,200

5

Control

The company is controlled by Bannisters Limited of which it is a wholly owned subsidiary. The ulitimate controlling company is Kaleidoscope Ventures Limited. This company is under the control of Mr G Thomas, Mrs J Thomas, Mr M Waley-Cohen and Mr R Waley-Cohen.

Page 5