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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
Page
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SFP Property and Estate Management Ltd Company Information for the year ended 28 February 2023
Director
Eloise Geddes
Company Number
07092573 (England and Wales)
Registered Office
Shire Park 2 Falcon Gate Welwyn Garden City England AL7 1TW
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SFP Property and Estate Management Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,982 
429 
Current assets
Debtors
16,342 
3,311 
Cash at bank and in hand
28,227 
28,439 
44,569 
31,750 
Creditors: amounts falling due within one year
(46,255)
(29,893)
Net current (liabilities)/assets
(1,686)
1,857 
Net assets
296 
2,286 
Capital and reserves
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
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SFP Property and Estate Management Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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
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
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.
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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 1 March 2022
- 
536 
536 
Additions
2,013 
63 
2,076 
At 28 February 2023
2,013 
599 
2,612 
Depreciation
At 1 March 2022
- 
107 
107 
Charge for the year
403 
120 
523 
At 28 February 2023
403 
227 
630 
Net book value
At 28 February 2023
1,610 
372 
1,982 
At 28 February 2022
- 
429 
429 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,951 
3,311 
Other debtors
2,391 
- 
16,342 
3,311 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,682 
1,688 
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 
Accruals
- 
1,450 
Deferred income
20,867 
- 
46,255 
29,893 
7
Average number of employees
During the year the average number of employees was 3 (2022: 1).
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