Viaweald Property Management Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01898372 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

VIAWEALD PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

C S Cocklin

J M Skewes

J A Smith

SECRETARY:

J M Skewes

REGISTERED OFFICE:

7 Lansdowne

The Belyars

St Ives

Cornwall

TR26 2DA

REGISTERED NUMBER:

01898372 (England and Wales)

ACCOUNTANTS:

Kelsall Steele Ltd

Chartered Accountants

Woodlands Court

Truro Business Park

Truro

Cornwall

TR4 9NH

FIXED ASSETS

Tangible assets

3

2,314

3,160

CURRENT ASSETS

Debtors

4

1,891

1,865

Cash at bank

9,051

6,216

10,942

8,081

CREDITORS

Amounts falling due within one year

5

467

699

NET CURRENT ASSETS

10,475

7,382

TOTAL ASSETS LESS CURRENT LIABILITIES

12,789

10,542

CAPITAL AND RESERVES

Called up share capital

24

24

Capital maintenance reserve

6

12,765

10,518

SHAREHOLDERS' FUNDS

12,789

10,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 October 2017 and were signed on its behalf by:

C S Cocklin - Director

1.	COMPANY INFORMATION

Viaweald Property Management Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with Financial Reporting Standard 102

Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the

Companies Act 2006. The financial statements have been prepared under the historical cost

convention except for the modification to a fair value basis for certain financial instruments as specified

in the accounting policies below.

The financial statements are prepared in sterling which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest pound sterling.

The directors, after making enquiries and having considered the company's business, its financial

plans and the facilities available to finance the business, have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly the going concern basis is adopted in preparing the financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the

period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property Improvements

-

10% on cost

Fixtures and fittings

-

10% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and

Section 12 "Other Financial Instruments" of FRS102 to all of its financial instruments.

Financial assets and liabilities are recognised in the company's statement of financial position when

the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are classified into specified categories. The classification depends on

the nature and purpose of the financial asset or liability and is determined at the time of recognition.

Basic financial assets, which include trade and other receivables and cash and bank balances, are

initially measured at transaction price including transaction costs and are subsequently carried at

amortised cost using the effective interest method, unless the arrangement constitute a financing

transaction, where the transaction is measure at the present value of the future receipts discounted at

a market rate of interest.

Basic financial liabilities, which include trade and other payables are initially measured at transaction

price, unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future payments discounted at a market rate of interest.

3.	TANGIBLE FIXED ASSETS

Fixtures

Property

and

Improvements

fittings

Totals

£

£

£

COST

At 1 July 2016

and 30 June 2017

8,457

1,503

9,960

DEPRECIATION

At 1 July 2016

5,297

1,503

6,800

Charge for year

846

-

846

At 30 June 2017

6,143

1,503

7,646

NET BOOK VALUE

At 30 June 2017

2,314

-

2,314

At 30 June 2016

3,160

-

3,160

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments & accrued income

1,891

1,865

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

25

Accrued expenses

467

674

467

699

6.

RESERVES

Maintenance fees received by this company are taken as capital receipts and transfers will be made to

and from the Capital maintenance reserve each year to cover the year's actual expenses.