Signature Properties Ltd - Accounts to registrar (filleted) - small 18.2

Signature Properties Ltd - Accounts to registrar (filleted) - small 18.2

SIGNATURE PROPERTIES LTD - Company Information

Print Friendly Version

IRIS Accounts Production v18.2.0.360 07775331 director 1.10.16 30.9.17 30.9.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure077753312016-09-30077753312017-09-30077753312016-10-012017-09-30077753312015-09-30077753312015-10-012016-09-30077753312016-09-3007775331ns14:PoundSterling2016-10-012017-09-3007775331ns10:Director12016-10-012017-09-3007775331ns10:PrivateLimitedCompanyLtd2016-10-012017-09-3007775331ns10:SmallEntities2016-10-012017-09-3007775331ns10:AuditExempt-NoAccountantsReport2016-10-012017-09-3007775331ns10:SmallCompaniesRegimeForDirectorsReport2016-10-012017-09-3007775331ns10:SmallCompaniesRegimeForAccounts2016-10-012017-09-3007775331ns10:FullAccounts2016-10-012017-09-3007775331ns10:RegisteredOffice2016-10-012017-09-3007775331ns5:CurrentFinancialInstruments2017-09-3007775331ns5:CurrentFinancialInstruments2016-09-3007775331ns5:Non-currentFinancialInstruments2017-09-3007775331ns5:Non-currentFinancialInstruments2016-09-3007775331ns5:ShareCapital2017-09-3007775331ns5:ShareCapital2016-09-3007775331ns5:RevaluationReserve2017-09-3007775331ns5:RevaluationReserve2016-09-3007775331ns5:RetainedEarningsAccumulatedLosses2017-09-3007775331ns5:RetainedEarningsAccumulatedLosses2016-09-3007775331ns5:FurnitureFittings2016-10-012017-09-3007775331ns5:MotorVehicles2016-10-012017-09-3007775331ns5:ComputerEquipment2016-10-012017-09-3007775331ns5:LandBuildings2016-09-3007775331ns5:LeaseholdImprovements2016-09-3007775331ns5:FurnitureFittings2016-09-3007775331ns5:LandBuildings2016-10-012017-09-3007775331ns5:LeaseholdImprovements2016-10-012017-09-3007775331ns5:LandBuildings2017-09-3007775331ns5:LeaseholdImprovements2017-09-3007775331ns5:FurnitureFittings2017-09-3007775331ns5:LandBuildings2016-09-3007775331ns5:LeaseholdImprovements2016-09-3007775331ns5:FurnitureFittings2016-09-3007775331ns5:MotorVehicles2016-09-3007775331ns5:ComputerEquipment2016-09-3007775331ns5:MotorVehicles2017-09-3007775331ns5:ComputerEquipment2017-09-3007775331ns5:MotorVehicles2016-09-3007775331ns5:ComputerEquipment2016-09-3007775331ns5:RevaluationReserve2016-09-30


REGISTERED NUMBER: 07775331















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

SIGNATURE PROPERTIES LTD









SIGNATURE PROPERTIES LTD (REGISTERED NUMBER: 07775331)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIGNATURE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTOR: Mr Tuzarat Hussain Khaliq





REGISTERED OFFICE: 187 Harborne Lane
Selly Oak
Birmingham
West Midlands
B29 6SS





REGISTERED NUMBER: 07775331





Page 1
SIGNATURE PROPERTIES LTD (REGISTERED NUMBER: 07775331)

BALANCE SHEET
30 SEPTEMBER 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,362,591 2,282,238

CURRENT ASSETS
Debtors 4 50,000 50,000
Cash at bank 1,376 3,936
51,376 53,936
CREDITORS
Amounts falling due within one year 5 207,454 143,672
NET CURRENT LIABILITIES (156,078 ) (89,736 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,206,513 2,192,502

CREDITORS
Amounts falling due after more than one
year
6
(712,022
)
(698,422
)

PROVISIONS FOR LIABILITIES (3,359 ) -
NET ASSETS 1,491,132 1,494,080

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 7 1,477,649 1,477,649
Retained earnings 13,482 16,430
SHAREHOLDERS' FUNDS 1,491,132 1,494,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 notes form part of these financial statements

Page 2 continued...
SIGNATURE PROPERTIES LTD (REGISTERED NUMBER: 07775331)

BALANCE SHEET - continued
30 SEPTEMBER 2017


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 2 July 2018 and were signed by:





Mr Tuzarat Hussain Khaliq - Director


The notes form part of these financial statements

Page 3
SIGNATURE PROPERTIES LTD (REGISTERED NUMBER: 07775331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017


1. STATUTORY INFORMATION

Signature Properties Ltd is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

Page 4 continued...
SIGNATURE PROPERTIES LTD (REGISTERED NUMBER: 07775331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


3. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 October 2016 2,000,000 224,421 77,429
Additions - 82,456 6,933
At 30 September 2017 2,000,000 306,877 84,362
DEPRECIATION
At 1 October 2016 - - 22,568
Charge for year - - 9,269
At 30 September 2017 - - 31,837
NET BOOK VALUE
At 30 September 2017 2,000,000 306,877 52,525
At 30 September 2016 2,000,000 224,421 54,861

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 October 2016 4,150 1,980 2,307,980
Additions - 1,030 90,419
At 30 September 2017 4,150 3,010 2,398,399
DEPRECIATION
At 1 October 2016 2,025 1,149 25,742
Charge for year 425 372 10,066
At 30 September 2017 2,450 1,521 35,808
NET BOOK VALUE
At 30 September 2017 1,700 1,489 2,362,591
At 30 September 2016 2,125 831 2,282,238

Page 5 continued...
SIGNATURE PROPERTIES LTD (REGISTERED NUMBER: 07775331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


3. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2017 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2013 477,650 - -
Valuation in 2014 250,000 - -
Valuation in 2016 750,000 - -
Cost 522,350 306,877 84,362
2,000,000 306,877 84,362

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2013 - - 477,650
Valuation in 2014 - - 250,000
Valuation in 2016 - - 750,000
Cost 4,150 3,010 920,749
4,150 3,010 2,398,399

If freehold property had not been revalued they would have been included at the following historical cost:

30.9.17 30.9.16
£    £   
Cost 522,350 522,350

Freehold property was valued on an open market basis on 30 September 2017 by the director .

The valuation has not been undertaken by any experienced valuer therefore this treatment is not in line with
the Financial Reporting Standards.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Other debtors 50,000 50,000

Page 6 continued...
SIGNATURE PROPERTIES LTD (REGISTERED NUMBER: 07775331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade creditors 2 -
Rental Deposits 8,590 21,122
Amounts owed to associates 27,400 100
Tax - 1,181
Directors' current accounts 169,302 119,109
Accrued expenses 2,160 2,160
207,454 143,672

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.17 30.9.16
£    £   
Bank Loan 669,205 669,205
Funding Circle Loan 1 24,150 29,217
Funding Circle Loan 2 18,667 -
712,022 698,422

7. RESERVES
Revaluation
reserve
£   
At 1 October 2016
and 30 September 2017 1,477,649

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Tuzarat Hussain Khaliq.

Page 7