Company Registration No. 06667913 (England and Wales)
SCHNU PROPERTY LIMITED
Unaudited accounts
for the year ended 31 August 2017
SCHNU PROPERTY LIMITED
Unaudited accounts
Contents
SCHNU PROPERTY LIMITED
Company Information
for the year ended 31 August 2017
Company Number
06667913 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Hertfordshire
EN8 7AN
Accountants
Simple Tax Returns LTD
103 High Street
Waltham Cross
Herts
EN87AN
SCHNU PROPERTY LIMITED
Statement of financial position
as at 31 August 2017
Tangible assets
110,000
150,000
Cash at bank and in hand
49,290
11,085
Creditors: amounts falling due within one year
(153,265)
(155,690)
Net current liabilities
(102,364)
(142,057)
Called up share capital
100
100
Profit and loss account
7,536
7,843
Shareholders' funds
7,636
7,943
For the year ending 31 August 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 her 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 8 November 2017.
B. Kew
Director
Company Registration No. 06667913
SCHNU PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 August 2017
SCHNU PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06667913. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN.
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.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 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 the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
No depreciation is provided on the company's freehold property.
4
Tangible fixed assets
Land & buildings
At 1 September 2016
150,000
SCHNU PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 August 2017
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
(836)
643
Other creditors
154,096
155,016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Ms B.Kew throughout the current year. Ms B.Kew is personally interested in 100% of the company's share capital.
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).
