Thompson Property Management (York) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09045919 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

THOMPSON PROPERTY MANAGEMENT (YORK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Thompson

S J Thompson

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

09045919 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

14,625

-

Investment property

5

144,809

-

159,434

-

CURRENT ASSETS

Stocks

10,850

-

Debtors

6

3,112

832

Cash at bank

31,721

59,284

45,683

60,116

CREDITORS

Amounts falling due within one year

7

201,075

58,769

NET CURRENT (LIABILITIES)/ASSETS

(155,392

)

1,347

TOTAL ASSETS LESS CURRENT LIABILITIES

4,042

1,347

PROVISIONS FOR LIABILITIES

2,779

-

NET ASSETS

1,263

1,347

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,163

1,247

SHAREHOLDERS' FUNDS

1,263

1,347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 13 December 2017 and were signed on its behalf by:

G Thompson - Director

S J Thompson - Director

1.	STATUTORY INFORMATION

Thompson Property Management (York) Ltd 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.

The company has adopted FRS 102 1A for small entities in these financial statements however, due to the nature

of the company's trade, assets and liabilities, there are no transitional adjustments.

The financial statements have been prepared on a going concern basis the validity of which is dependent upon

the continued financial support of the directors. The directors of the company confirm that this support will

continue for the foreseeable future.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover is derived from the provision of property management and the sale of caravans.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

19,500

At 31 May 2017

19,500

DEPRECIATION

Charge for year

4,875

At 31 May 2017

4,875

NET BOOK VALUE

At 31 May 2017

14,625

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

144,809

At 31 May 2017

144,809

NET BOOK VALUE

At 31 May 2017

144,809

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Other debtors

3,112

832

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Taxation and social security

-

8,788

Other creditors

201,075

49,981

201,075

58,769

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.17

31.5.16

value:

£

£

100

Ordinary

£1

100

100

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by S J Thompson and G Thompson.