Company Registration No. 13748313 (England and Wales)
AFFINITY PROPERTIES NORTH WEST LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022
AFFINITY PROPERTIES NORTH WEST LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
AFFINITY PROPERTIES NORTH WEST LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2022
30 November 2022
- 1 -
2022
Notes
£
£
Fixed assets
Tangible assets
3
166,545
Current assets
Cash at bank and in hand
1,623
Creditors: amounts falling due within one year
4
(49,281)
Net current liabilities
(47,658)
Total assets less current liabilities
118,887
Creditors: amounts falling due after more than one year
5
(119,980)
Net liabilities
(1,093)
Capital and reserves
Called up share capital
150
Profit and loss reserves
(1,243)
Total equity
(1,093)
For the financial Period ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 April 2023 and are signed on its behalf by:
Mr S Bennett
Mrs M Bennett
Director
Director
Company Registration No. 13748313
AFFINITY PROPERTIES NORTH WEST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2022
- 2 -
1
Accounting policies
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Reporting period
[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
no depreciation
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Company information
Affinity Properties North West Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Capital House, 272 Manchester Road, Droylsden, Manchester, M43 6PW.
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2022
Number
Total
2
AFFINITY PROPERTIES NORTH WEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2022
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 17 November 2021
Additions
166,545
At 30 November 2022
166,545
Depreciation and impairment
At 17 November 2021 and 30 November 2022
Carrying amount
At 30 November 2022
166,545
4
Creditors: amounts falling due within one year
2022
£
Other creditors
49,281
5
Creditors: amounts falling due after more than one year
2022
£
Bank loans and overdrafts
119,980
There is a fixed charge over the property.