PropertyMajor (UK) Ltd T/A Open House Estate Agents

PROPERTYMAJOR (UK) LTD - Company Information

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Registered number: 06858139

Abbreviated accounts

For The Year Ended 30 September 2016

Accounting Freedom

42-44 Hanway Street

London

W1T 1UT

PropertyMajor (UK) Ltd T/A Open House Estate Agents

Company No. 06858139

Abbreviated Balance Sheet 30 September 2016

Abbreviated Balance Sheet

		2016
	Notes	£	£
FIXED ASSETS
Intangible Assets	2		2,250
Tangible Assets	3		15,187

			17,437
CURRENT ASSETS
Debtors		10,776
Cash at bank and in hand		24,679

		35,455
Creditors: Amounts Falling Due Within One Year		(108,843 )

NET CURRENT ASSETS (LIABILITIES)			(73,388 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(55,951 )

NET ASSETS			(55,951 )

CAPITAL AND RESERVES
Called up share capital	4		1,000
Profit and Loss Account			(56,951 )

SHAREHOLDERS' FUNDS			(55,951 )

PropertyMajor (UK) Ltd T/A Open House Estate Agents

Company No. 06858139

Abbreviated Balance Sheet (continued) 30 September 2016

For the year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Olumuyiwu Olufote

28/06/2017

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PropertyMajor (UK) Ltd T/A Open House Estate Agents

Notes to the Abbreviated Accounts

For The Year Ended 30 September 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Reducing balance

2. Intangible Assets


	Total
Cost	£
As at 1 October 2015	-
Additions	2,250

As at 30 September 2016	2,250

Net Book Value
As at 30 September 2016	2,250

As at 1 October 2015	-

3. Tangible Assets


	Total
Cost	£
As at 1 October 2015	-
Additions	20,250

As at 30 September 2016	20,250

Depreciation
As at 1 October 2015	-
Provided during the period	5,063

As at 30 September 2016	5,063

Net Book Value
As at 30 September 2016	15,187

As at 1 October 2015	-

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PropertyMajor (UK) Ltd T/A Open House Estate Agents

Notes to the Abbreviated Accounts (continued)

For The Year Ended 30 September 2016

4. Share Capital

	Value	Number	2016
Allotted, called up and fully paid	£		£
Ordinary shares	1.000	1000	1,000

5. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

The above loan is unsecured, interest free and repayable on demand.

6. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

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