Two`s Company Property Ltd

Two`s Company Property Ltd

TWO'S COMPANY PROPERTY LTD - Company Information

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Company Registration No. 04576729 (England and Wales)
Two`s Company Property Ltd Unaudited accounts for the year ended 31 March 2017
Two`s Company Property Ltd Unaudited accounts Contents
Page
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Two`s Company Property Ltd Company Information for the year ended 31 March 2017
Director
aj wilson
Secretary
dj wilson
Company Number
04576729 (England and Wales)
Registered Office
15 CARLTON CROFT SANDAL WAKEFIELD WEST YORKSHIRE WF2 6DA
Accountants
mk blundell 15 carlton croft sandal wakefield west yorkshire WF2 6DA
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Two`s Company Property Ltd Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
406,736 
423,683 
Current assets
Debtors
5
477 
477 
Cash at bank and in hand
2,510 
305 
2,987 
782 
Creditors: amounts falling due within one year
6
(31,849)
(30,523)
Net current liabilities
(28,862)
(29,741)
Total assets less current liabilities
377,874 
393,942 
Creditors: amounts falling due after more than one year
7
(495,969)
(511,049)
Net liabilities
(118,095)
(117,107)
Capital and reserves
Called up share capital
8
2 
2 
Profit and loss account
(118,097)
(117,109)
Shareholders' funds
(118,095)
(117,107)
For the year ending 31 March 2017 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 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 June 2017.
aj wilson Director Company Registration No. 04576729
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Two`s Company Property Ltd Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
Two`s Company Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 04576729. The registered office and principal place of business is 15 CARLTON CROFT, SANDAL, WAKEFIELD, WEST YORKSHIRE, WF2 6DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 11 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% per annum reducing balance.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2016
609,051 
At 31 March 2017
609,051 
Depreciation
At 1 April 2016
185,368 
Charge for the year
16,947 
At 31 March 2017
202,315 
Net book value
At 31 March 2017
406,736 
At 31 March 2016
423,683 
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Two`s Company Property Ltd Notes to the Accounts for the year ended 31 March 2017
5
Debtors
2017 
2016 
£ 
£ 
Accrued income and prepayments
477 
477 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Bank loans and overdrafts
25,076 
25,075 
Taxes and social security
3,990 
3,375 
Other creditors
1,900 
2,073 
Accruals
883 
- 
31,849 
30,523 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Bank loans
80,046 
103,126 
Other creditors
415,923 
407,923 
495,969 
511,049 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Controlling party
The ultimate controlling party is aj wilson.
10
Average number of employees
During the year the average number of employees was 1 (2016: 1).
11
Reconciliations on adoption of FRS 102
There is no change in income and expenses in the comparitive figures on the transition to FRS102.
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