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COMPANY REGISTRATION NUMBER: 10249487
Modsols Property Limited
Filleted Unaudited Financial Statements
31 March 2023
Modsols Property Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Modsols Property Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Modsols Property Limited for the year ended 31 March 2023, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Modsols Property Limited, as a body, in accordance with the terms of our engagement letter dated 26 June 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Modsols Property Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Modsols Property Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Modsols Property 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 Modsols Property Limited. You consider that Modsols Property 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 Modsols Property 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.
TURPIN BARKER ARMSTRONG Chartered Certified Accountants
Allen House 1 Westmead Road Sutton Surrey SM1 4LA
16 October 2023
Modsols Property Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
Fixed assets
465,000
465,000
---------
---------
Current assets
13,661
7,900
Creditors: amounts falling due within one year
154,751
157,262
---------
---------
Net current liabilities
( 141,090)
( 149,362)
---------
---------
Total assets less current liabilities
323,910
315,638
Creditors: amounts falling due after more than one year
243,473
256,433
Accruals and deferred income
2,079
1,890
---------
---------
78,358
57,315
---------
---------
Capital and reserves
78,358
57,315
--------
--------
Notes to the financial statements
1. Directors' advances, credits and guarantees
At no point during the year did advances/credits to the Director's Loan Account result in an overdrawn position.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 28 September 2023 , and are signed on behalf of the board by:
Mrs E Lawrenson
Mr G Lawrenson
Director
Director
Company registration number: 10249487
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Allen House, 1 Westmead Road, Sutton, Surrey, SM1 4LA.