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Company Registration No. 04660419 (England and Wales)
Simplified Property Management Ltd Unaudited accounts for the year ended 30 March 2023
Simplified Property Management Ltd Unaudited accounts Contents
Page
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Simplified Property Management Ltd Company Information for the year ended 30 March 2023
Director
Gloriana Marks de Chabris
Company Number
04660419 (England and Wales)
Registered Office
PARSONS FARM WARREN CORNER FROXFIELD HANTS GU32 1BJ UK
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Simplified Property Management Ltd Statement of financial position as at 30 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
452,707 
452,707 
Current assets
Debtors
3,031 
2,422 
Cash at bank and in hand
13,007 
14,702 
16,038 
17,124 
Creditors: amounts falling due within one year
(4,054)
(24,892)
Net current assets/(liabilities)
11,984 
(7,768)
Total assets less current liabilities
464,691 
444,939 
Creditors: amounts falling due after more than one year
(451,211)
(465,887)
Net assets/(liabilities)
13,480 
(20,948)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,380 
(21,048)
Shareholders' funds
13,480 
(20,948)
For the year ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2023 and were signed on its behalf by
Gloriana Marks de Chabris Director Company Registration No. 04660419
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Simplified Property Management Ltd Notes to the Accounts for the year ended 30 March 2023
1
Statutory information
Simplified Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 04660419. The registered office is PARSONS FARM, WARREN CORNER, FROXFIELD, HANTS, GU32 1BJ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 31 March 2022
452,707 
At 30 March 2023
452,707 
Depreciation
At 30 March 2023
- 
Net book value
At 30 March 2023
452,707 
At 30 March 2022
452,707 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,031 
2,422 
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Simplified Property Management Ltd Notes to the Accounts for the year ended 30 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,522 
659 
Trade creditors
1,532 
18,316 
Other creditors
- 
(3)
Accruals
- 
5,920 
4,054 
24,892 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
99,803 
Other creditors
236,822 
189,066 
Loans from directors
214,389 
177,018 
451,211 
465,887 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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