Buttons Property Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06618729 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

BUTTONS PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs G E Hall

REGISTERED OFFICE:

Unit 9b,

Upper Wingbury Farm

Wingrave

Aylesbury

Buckinghamshire

HP22 4LW

REGISTERED NUMBER:

06618729 (England and Wales)

ACCOUNTANTS:

Taylor Roberts

Unit 9b

Upper Wingbury Farm

Wingrave

Aylesbury

Buckinghamshire

HP22 4LW

CURRENT ASSETS

Cash at bank and in hand

41,299

43,659

CREDITORS

Amounts falling due within one year

4

27,842

22,484

NET CURRENT ASSETS

13,457

21,175

TOTAL ASSETS LESS CURRENT LIABILITIES

13,457

21,175

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

13,357

21,075

SHAREHOLDERS' FUNDS

13,457

21,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 14 December 2017 and were signed by:

Mrs G E Hall - Director

1.	STATUTORY INFORMATION

Buttons 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements required management to note judgements and estimates that affect the

reported amounts of assets and liabilities at the balance sheet date and the reported profits for the financial year. There

are no significant judgements or sources of estimation uncertainty that require specific disclosure in addition to the

disclosures in the accounting policies adopted by the company and set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Financial instruments

Debt instruments (other than those wholly repayable or receivable within one year, and loans from directors who are

also shareholders), including loans and other accounts receivable and payable, are initially measured at the present

value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, and loans from

directors who are also shareholders, are measured, initially and subsequently, at the undiscounted amount of the cash

or other consideration expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective

evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the

asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

10,571

8,263

Other creditors

17,271

14,221

27,842

22,484

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

6.	FIRST YEAR ADOPTION

Buttons Property Management Limited prepares its first financial statements that comply with FRS 102 for the year

ended 31 March 2017. The date of transition is 1 April 2015.

For Buttons Property Management Limited the transition to FRS 102 has not resulted in any changes in accounting

policies to those previously used.