Postcard Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09481871 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2018

for

Postcard Properties Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S Ayerst

J K Wass

SECRETARY:

S Ayerst

REGISTERED OFFICE:

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

REGISTERED NUMBER:

09481871 (England and Wales)

ACCOUNTANTS:

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

United Kingdom

Hertfordshire

EN8 7AP

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Postcard Properties Limited for the year ended

31st March 2018 which comprise the Income Statement, Balance Sheet and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Postcard Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Postcard Properties Limited and state those matters that we have agreed to state to the Board of Directors of Postcard Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Postcard Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Postcard Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Postcard Properties Limited. You consider that Postcard Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Postcard Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

United Kingdom

Hertfordshire

EN8 7AP

26th July 2018

FIXED ASSETS

Tangible assets

3

3,456

4,066

Investment property

4

375,392

375,392

378,848

379,458

CURRENT ASSETS

Debtors

5

461

331

Cash at bank

31,483

21,712

31,944

22,043

CREDITORS

Amounts falling due within one year

6

384,335

384,865

NET CURRENT LIABILITIES

(352,391

)

(362,822

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,457

16,636

CAPITAL AND RESERVES

Called up share capital

7

4

4

Retained earnings

26,453

16,632

SHAREHOLDERS' FUNDS

26,457

16,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 26th July 2018 and were signed on its behalf by:

S Ayerst - Director

1.	STATUTORY INFORMATION

Postcard Properties 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.	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.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

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

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.

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2017

and 31st March 2018

4,783

DEPRECIATION

At 1st April 2017

717

Charge for year

610

At 31st March 2018

1,327

NET BOOK VALUE

At 31st March 2018

3,456

At 31st March 2017

4,066

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2017

and 31st March 2018

375,392

NET BOOK VALUE

At 31st March 2018

375,392

At 31st March 2017

375,392

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

461

331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

2,447

3,096

Other creditors

381,888

381,769

384,335

384,865

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

4

Ordinary

1

4

4