Sailhouse Apartments (New Quay) Limited
Registered number: 10411224
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Current assets
Debtors 3 3,779 2,133
Cash at bank and in hand 2,880 473
6,659 2,606
Creditors: amounts falling due within one year 4 (2,400) (960)
Net current assets 4,259 1,646
Net assets 4,259 1,646
Capital and reserves
Profit and loss account 4,259 1,646
Shareholder's funds 4,259 1,646
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J G Sansom
Director
Approved by the board on 9 November 2023
Sailhouse Apartments (New Quay) Limited
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents amounts charged to tenants for maintenance, cleaning, insurance and other common expenditure necessary for the upkeep of the buildings.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company - -
3 Debtors 2022 2021
£ £
Trade debtors 3,779 2,133
4 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 2,400 960
5 Other information
Sailhouse Apartments (New Quay) Limited is a private company limited by guarantee and incorporated in Wales. Its registered office is:
1st Floor Offices
Wern Business Park
Gilfachreda
New Quay
SA45 9ST
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