REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1ST MARCH 2017 TO 31ST MARCH 2018 |
FOR |
TOP OF THE MORNING PROPERTIES LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1ST MARCH 2017 TO 31ST MARCH 2018 |
FOR |
TOP OF THE MORNING PROPERTIES LIMITED |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 1st March 2017 to 31st March 2018 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Chartered Accountants' Report | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 7 |
TOP OF THE MORNING PROPERTIES LIMITED |
COMPANY INFORMATION |
For The Period 1st March 2017 to 31st March 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
REPORT OF THE DIRECTOR |
For The Period 1st March 2017 to 31st March 2018 |
The director presents her report with the financial statements of the company for the period 1st March 2017 to 31st March 2018. |
INCORPORATION |
The company was incorporated on 1st March 2017 . |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of property rental. |
DIRECTOR |
from then to the date of this report. |
The director, being eligible, offers herself for election at the forthcoming first Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
ON BEHALF OF THE BOARD: |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
TOP OF THE MORNING PROPERTIES LIMITED |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Top Of The Morning Properties Limited for the period 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 director of Top Of The Morning Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Top Of The Morning Properties Limited and state those matters that we have agreed to state to the director of Top Of The Morning Properties Limited 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 Top Of The Morning Properties Limited and its director for our work or for this report. |
It is your duty to ensure that Top Of The Morning 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 loss of Top Of The Morning Properties Limited. You consider that Top Of The Morning Properties Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Top Of The Morning 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. |
Bank House |
81 St Judes Road |
Englefield Green |
Surrey |
TW20 0DF |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
INCOME STATEMENT |
For The Period 1st March 2017 to 31st March 2018 |
Notes | £ |
TURNOVER |
Administrative expenses |
OPERATING LOSS | 3 | ( |
) |
Interest payable and similar expenses |
LOSS BEFORE TAXATION | ( |
) |
Tax on loss | 4 |
LOSS FOR THE FINANCIAL PERIOD | ( |
) |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
BALANCE SHEET |
31st March 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges her 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. |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
BALANCE SHEET - continued |
31st March 2018 |
The financial statements were approved by the director on |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
NOTES TO THE FINANCIAL STATEMENTS |
For The Period 1st March 2017 to 31st March 2018 |
1. | STATUTORY INFORMATION |
Top Of The Morning Properties Limited is a |
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 |
Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to |
consideration and is recorded at the value of the consideration due. Where a contract has only been partially |
completed at the balance sheet date turnover represents the value of the service provided to date based on a |
proportion of the total expected consideration at completion. |
Where payments are received from customers in advance of services provided, the amounts are recorded as |
Deferred Income and included as part of Creditors due within one year. |
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. |
Going concern |
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a |
reasonable expectation that the company has adequate resources to continue in operational existence for the |
foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
Furniture and fixtures - 25% on cost |
3. | OPERATING LOSS |
The operating loss is stated after charging: |
£ |
Depreciation - owned assets |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose for the period. |
The company has carried forward losses of £40,401 to use against future profits. |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 1st March 2017 to 31st March 2018 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31st March 2018 |
DEPRECIATION |
Charge for period |
At 31st March 2018 |
NET BOOK VALUE |
At 31st March 2018 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31st March 2018 |
NET BOOK VALUE |
At 31st March 2018 |
This value is made up of five residential properties being, 41 Piddock Road worth £155,510, 22 Swisscot |
Avenue worth £52,045, 42 Queen's Crescent worth £58,027, 14 Timmis Close worth £147,377 and 10 |
Flemming Way worth £41,420. These are the most recent and reliable market values of the properties. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
Advance for Property purchase | 135,603 |
Prepayments and accrued income |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans |
Other creditors |
Tenancy rent deposits | 400 |
Accruals and deferred income |
TOP OF THE MORNING PROPERTIES LIMITED (REGISTERED NUMBE |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 1st March 2017 to 31st March 2018 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other loans - 2-5 years |
Directors' loan accounts | 24,286 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
11. | RESERVES |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31st March 2018 | ( |
) |
12. | RELATED PARTY DISCLOSURES |
Included under creditors is an amount due to Mrs M Van Aswegen, the director, of £24,409. This loan is |
unsecured and has no fix terms for repayment. Interest has been charged at a variable rate of 0.25% plus Bank |
of England base rate per annum. |
Included under creditors are amounts due to the company shareholders as per below. These loans are unsecured |
and have no fixed terms for repayment. Interest has been charged at a variable rate of 0.25% plus Bank of |
England base rate per annum. |
Mr & Mrs Lightfoot £198,846 |
Mr G Reynolds £198,743 |
Mr & Mrs Dall £198,783 |
Mr D Foster £66,268 |
Included under property management fees is a management charge to Frankdersan UK Properties Limited of |
£24,286. Mrs M Van Aswegen is also a director of Frankdersan UK Properties Limited. |
13. | ULTIMATE CONTROLLING PARTY |
The Ultimate controlling party is Mrs M Van Aswegen, the director and 10% shareholder of the company. |