M & P Residential Lettings Ltd - Period Ending 2016-03-31
M & P Residential Lettings Ltd - Period Ending 2016-03-31
Registration number:
Unaudited Abbreviated Accounts
for the Period from
M & P Residential Lettings Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
M & P Residential Lettings Ltd
for the Period Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M & P Residential Lettings Ltd for the period ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of M & P Residential Lettings Ltd, as a body, in accordance with the terms of our engagement letterdated 25 August 2015. Our work has been undertaken solely to prepare for your approval the accounts of M & P Residential Lettings Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & P Residential Lettings Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M & P Residential Lettings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M & P Residential Lettings Ltd. You consider that M & P Residential Lettings Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of M & P Residential Lettings Ltd. 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 accounts.
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Broderick & Leslie
Chartered Certified Accountants
3 Railway Court
Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB
21 December 2016
M & P Residential Lettings Ltd
(Registration number: 09643586)
Abbreviated Balance Sheet at 31 March 2016
Note |
31 March 2016 |
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£ |
£ |
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
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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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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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Approved by the Board on
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2
M & P Residential Lettings Ltd
Notes to the Abbreviated Accounts for the Period from 17 June 2015 to 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
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 |
Fixtures and fittings |
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Investment properties
Financial instruments
M & P Residential Lettings Ltd
Notes to the Abbreviated Accounts for the Period from 17 June 2015 to 31 March 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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Additions |
125,030 |
125,030 |
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At 31 March 2016 |
125,030 |
125,030 |
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Depreciation |
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Charge for the period |
265 |
265 |
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At 31 March 2016 |
265 |
265 |
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Net book value |
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At 31 March 2016 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
31 March 2016
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Amounts falling due within one year |
50 |
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Amounts falling due after more than one year |
97,449 |
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Total secured creditors |
97,499 |
Included in the creditors are the following amounts due after more than five years:
31 March 2016
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
31 March 2016 |
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No. |
£ |
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M & P Residential Lettings Ltd
Notes to the Abbreviated Accounts for the Period from 17 June 2015 to 31 March 2016
......... continued
Related party transactions |
Directors' advances and credits |
17 June 2015 to 31 March 2016 |
17 June 2015 to 31 March 2016 |
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Mrs P Flanagan |
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