Ian Green Residential Lettings Limited - Period Ending 2017-07-31

Registration number: 08617551

Ian Green Residential Lettings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2017

Brooks Green Chartered Accountants Abbey House 342 Regents Park Road London N3 2LJ

Ian Green Residential Lettings Limited

Contents
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Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Ian Green Residential Lettings Limited

Company Information
__________________________________________________________________________

Director

Mr I R Green

Company secretary

Mrs C Green

Registered office

342 Regents Park Road Finchley London N3 2LJ

Accountants

Brooks Green Chartered Accountants Abbey House 342 Regents Park Road London N3 2LJ

Page 1

Ian Green Residential Lettings Limited

(Registration number: 08617551)
Balance Sheet as at 31 July 2017
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	Note	2017 £		2016 £
Current assets
Cash at bank and in hand			30,830		1
Creditors: Amounts falling due within one year	2		(6,063)		-
Net assets			24,767		1
Capital and reserves
Called up share capital		1		1
Profit and loss account		24,766		-
Total equity			24,767		1

For the financial year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 March 2018
 

Mr I R Green

Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Ian Green Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 31 July 2017
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1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These 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.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 3

Ian Green Residential Lettings Limited

Notes to the Financial Statements for the Year Ended 31 July 2017
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2

Creditors

Creditors: amounts falling due within one year

	2017 £	2016 £
Due within one year
Taxation and social security	6,063	-

3	Share capital

Allotted, called up and fully paid shares

	2017		2016
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

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