Complete Property Estates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05779945 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Complete Property Estates Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M E Williams

REGISTERED OFFICE:

Southgate House

Southgate Lane

Norwich

Norfolk

NR1 2AQ

REGISTERED NUMBER:

05779945 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Intangible assets

4

1

1

Property, plant and equipment

5

3,220

3,527

Investment property

6

1

1

3,222

3,529

CURRENT ASSETS

Debtors

7

7,541

615

Cash in hand

66

-

7,607

615

CREDITORS

Amounts falling due within one year

8

138,446

128,348

NET CURRENT LIABILITIES

(130,839

)

(127,733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(127,617

)

(124,204

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(127,619

)

(124,206

)

SHAREHOLDERS' FUNDS

(127,617

)

(124,204

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 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 31 January 2019 and were signed by:

Mr M E Williams - Director

1.	STATUTORY INFORMATION

Complete Property Estates 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.

These accounts have been prepared on the going concern basis, on the understanding that the directors will continue

to financially support the company and that the company will continue to trade for the forseeable future

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

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 statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

38,000

1

38,001

AMORTISATION

At 1 May 2017

and 30 April 2018

38,000

-

38,000

NET BOOK VALUE

At 30 April 2018

-

1

1

At 30 April 2017

-

1

1

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2017

7,079

11,979

4,475

2,019

25,552

Additions

-

-

-

192

192

At 30 April 2018

7,079

11,979

4,475

2,211

25,744

DEPRECIATION

At 1 May 2017

4,039

11,979

4,048

1,959

22,025

Charge for year

-

-

426

73

499

At 30 April 2018

4,039

11,979

4,474

2,032

22,524

NET BOOK VALUE

At 30 April 2018

3,040

-

1

179

3,220

At 30 April 2017

3,040

-

427

60

3,527

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2017

and 30 April 2018

1

NET BOOK VALUE

At 30 April 2018

1

At 30 April 2017

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other debtors

7,296

-

Prepayments

245

615

7,541

615

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

4,541

6,128

Social security and other taxes

3,308

4,673

Net wages

-

3,170

VAT

5,684

4,084

Other creditors

221

-

Directors' current accounts

124,692

109,693

Accrued expenses

-

600

138,446

128,348

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

2

Ordinary

1

2

2

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M E Williams.