Microscape Property Limited - Accounts to registrar - small 17.2

Microscape Property Limited - Accounts to registrar - small 17.2

MICROSCAPE PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 04830829 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

MICROSCAPE PROPERTY LIMITED

MICROSCAPE PROPERTY LIMITED (REGISTERED NUMBER: 04830829)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MICROSCAPE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTOR: P Sansbury





REGISTERED OFFICE: 77 North Street
Portslade
Brighton
East Sussex
BN41 1DH





REGISTERED NUMBER: 04830829 (England and Wales)





ACCOUNTANTS: Hilton Sharp & Clarke Limited
Chartered Accountants
30 New Road
Brighton
East Sussex
BN1 1BN
Page 1
MICROSCAPE PROPERTY LIMITED (REGISTERED NUMBER: 04830829)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 868,121 868,121

CURRENT ASSETS
Debtors 4 6,619 -
Cash at bank 69 132
6,688 132
CREDITORS
Amounts falling due within one year 5 277,075 255,412
NET CURRENT LIABILITIES (270,387 ) (255,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
597,734
612,841

CREDITORS
Amounts falling due after more than one year 6 541,918 575,378
NET ASSETS 55,816 37,463

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 55,815 37,462
55,816 37,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 October 2017 and were signed by:





P Sansbury - Director


The notes form part of these financial statements

Page 2
MICROSCAPE PROPERTY LIMITED (REGISTERED NUMBER: 04830829)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Microscape Property 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2016
and 31 December 2016 868,121
NET BOOK VALUE
At 31 December 2016 868,121
At 31 December 2015 868,121

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 6,619 -

Page 3 continued...
MICROSCAPE PROPERTY LIMITED (REGISTERED NUMBER: 04830829)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 33,460 31,419
Trade creditors 7,605 -
Amounts owed to group undertakings 219,218 206,401
Taxation and social security 14,592 13,192
Other creditors 2,200 4,400
277,075 255,412

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2016 2015
£    £   
Bank loans 541,918 575,378

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 541,918 575,378

Page 4