Company No:
Contents
DIRECTORS | J K Ford |
M P Ford |
REGISTERED OFFICE | 21 Wootton Park |
Bristol | |
BS14 9AQ | |
England | |
United Kingdom |
COMPANY NUMBER | 13228298 (England and Wales) |
CHARTERED ACCOUNTANTS | Albert Goodman LLP |
3 Filers Way | |
Weston Gateway Business Park | |
Weston-super-Mare | |
Somerset | |
BS24 7JP |
Note | 31.03.2022 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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Investment property | 4 |
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295,225 | ||
Current assets | ||
Cash at bank and in hand |
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2,221 | ||
Creditors | ||
Amounts falling due within one year | 5 | (
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Net current liabilities | (92,491) | |
Total assets less current liabilities | 202,734 | |
Creditors | ||
Amounts falling due after more than one year | 6 | (
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Net liabilities | (
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Capital and reserves | ||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Almyraproperties Limited (registered number:
J K Ford
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.
Almyraproperties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 21 Wootton Park, Bristol, BS14 9AQ, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Plant and machinery |
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Fixtures and fittings |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.
Period from 26.02.2021 to 31.03.2022 |
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Number | |
Monthly average number of persons employed by the Company during the year, including directors |
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Plant and machinery | Fixtures and fittings | Total | |||
£ | £ | £ | |||
Cost | |||||
At 26 February 2021 |
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Additions |
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At 31 March 2022 |
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Accumulated depreciation | |||||
At 26 February 2021 |
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Charge for the financial year |
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At 31 March 2022 |
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Net book value | |||||
At 31 March 2022 |
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Investment property | |
£ | |
Valuation | |
As at 26 February 2021 |
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Additions | 294,075 |
As at 31 March 2022 |
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31.03.2022 | |
£ | |
Amounts owed to connected companies |
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Amounts owed to directors |
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Accruals |
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31.03.2022 | |
£ | |
Bank loans (secured £
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
31.03.2022 | |
£ | |
Bank loans (secured £209,334 / repayable by instalments) |
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Transactions with the entity's directors
31.03.2022 | |
£ | |
Directors loan account | (268) |
The directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.
At 1 March 2021, the balance was nil. During the year, £4,240 was advanced to the directors, and £4,508. was repaid by the directors. The balance at 31 March 2022 was (£268)