Company Registration No. 11804804 (England and Wales)
Summersmith Properties Ltd
Unaudited accounts
for the year ended 28 February 2023
Summersmith Properties Ltd
Unaudited accounts
Contents
Summersmith Properties Ltd
Company Information
for the year ended 28 February 2023
Company Number
11804804 (England and Wales)
Registered Office
44 Bonet lane
BRINSWORTH
Brinsworth Rotherham
S60 5NE
GB
Accountants
Rich Accounting
Acorn Business Centre
51 High Street
Grimethorpe
Barnsley
S72 7BB
Summersmith Properties Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
187,268
189,743
Cash at bank and in hand
1,701
2,282
Creditors: amounts falling due within one year
(39,052)
(50,228)
Net current liabilities
(36,906)
(47,675)
Total assets less current liabilities
150,362
142,068
Creditors: amounts falling due after more than one year
(140,000)
(140,000)
Profit and loss account
10,362
2,068
Shareholders' funds
10,362
2,068
For the year ending 28 February 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 21 November 2023 and were signed on its behalf by
Rebecca Smith
Director
Company Registration No. 11804804
Summersmith Properties Ltd
Notes to the Accounts
for the year ended 28 February 2023
Summersmith Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11804804. The registered office is 44 Bonet lane, BRINSWORTH, Brinsworth Rotherham, S60 5NE, GB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 March 2022
182,318
9,900
192,218
At 28 February 2023
182,318
9,900
192,218
At 1 March 2022
-
2,475
2,475
Charge for the year
-
2,475
2,475
At 28 February 2023
-
4,950
4,950
At 28 February 2023
182,318
4,950
187,268
At 28 February 2022
182,318
7,425
189,743
Amounts falling due within one year
Summersmith Properties Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,750
13,028
Taxes and social security
(5)
776
Loans from directors
27,923
35,924
7
Creditors: amounts falling due after more than one year
2023
2022
Trade creditors
140,000
140,000
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).