The Good Property Company Ltd
The Good Property Company Ltd
Registered number: 10122067
Unaudited Financial Statements
For The Year Ended 30 April 2018
Boden Hill Limited
The Good Property Company Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
The Good Property Company Ltd
Balance Sheet
As at
30 April 2018
Balance Sheet
Registered number:
10122067
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 April 2018 | Period to 30 April 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 6 |
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| CURRENT ASSETS | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 9 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (28,960) | 184 | |||
Page 1
The Good Property Company Ltd
Balance Sheet (continued)
As at
30 April 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
The Good Property Company Ltd
Notes to the Financial Statements
For The Year Ended 30 April 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 30 April 2018 | Period to 30 April 2017 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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Page 3
The Good Property Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2018
6.
Tangible Assets
| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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| £ | £ | £ | £ | |
| Cost | ||||
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| Additions |
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| Disposals |
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| Depreciation | ||||
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| Provided during the period |
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| Disposals |
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| Net Book Value | ||||
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7.
Debtors
| 30 April 2018 | Period to 30 April 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Deferred tax current asset | 6,114 | - | |
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| Due after more than one year | |||
| Intercompany loans Bristol Quality Lettings |
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Page 4
The Good Property Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2018
8.
Creditors: Amounts Falling Due Within One Year
| 30 April 2018 | Period to 30 April 2017 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Net wages | 4,305 | 7,342 | |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 30 April 2018 | Period to 30 April 2017 | ||
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| £ | £ | ||
| Intercompany loans SC Limited |
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| Directors loan account |
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11.
Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
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| £ | £ | £ | £ | £ | |
| Ms Susannah Cole |
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The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
| 30 April 2018 | Period to 30 April 2017 | |
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| £ | £ | |
| Ms Susannah Cole | - | 26,200 |
12.
Related Party Transactions
Intercompany loans of £53,832 (2017: £54,774) due from Bristol Quality Lettings and £37,045 (2017: £13,932) due to Susannah Cole Limited company number 07229379 are shown in other debtors and creditors due after more than one year. S Cole is the ultimate controlling party for both organisations. No interest is payable on the loans.
Page 5
The Good Property Company Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2018
13.
Ultimate Controlling Party
The company's ultimate controlling party is S Cole by virtue of her ownership of 100% of the issued share capital in the company.
14.
General Information
The Good Property Company Ltd Registered number 10122067 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 5.1 Paintworks, Arnos Vale, Bristol, BS4 3EH.
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