Company Registration No. 07092573 (England and Wales)
SFP Property and Estate Management Ltd
Unaudited accounts
for the year ended 28 February 2023
SFP Property and Estate Management Ltd
Unaudited accounts
Contents
SFP Property and Estate Management Ltd
Company Information
for the year ended 28 February 2023
Company Number
07092573 (England and Wales)
Registered Office
Shire Park
2 Falcon Gate
Welwyn Garden City
England
AL7 1TW
SFP Property and Estate Management Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
28,227
28,439
Creditors: amounts falling due within one year
(46,255)
(29,893)
Net current (liabilities)/assets
(1,686)
1,857
Called up share capital
1
1
Profit and loss account
295
2,285
Shareholders' funds
296
2,286
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 his 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 22 October 2023 and were signed on its behalf by
Eloise Geddes
Director
Company Registration No. 07092573
SFP Property and Estate Management Ltd
Notes to the Accounts
for the year ended 28 February 2023
SFP Property and Estate Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 07092573. The registered office is Shire Park, 2 Falcon Gate, Welwyn Garden City, England, AL7 1TW.
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.
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
The financial statements are presented in British Pound Sterling (£) which is also the functional currency for the company.
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:
Computer equipment
20% Straight line
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
SFP Property and Estate Management Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 28 February 2023
2,013
599
2,612
Charge for the year
403
120
523
At 28 February 2023
403
227
630
At 28 February 2023
1,610
372
1,982
At 28 February 2022
-
429
429
Amounts falling due within one year
Trade debtors
13,951
3,311
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
8,867
4,883
Taxes and social security
7,761
5,566
Other creditors
4,410
9,403
Loans from directors
668
6,903
7
Average number of employees
During the year the average number of employees was 3 (2022: 1).