Seaways Property Management |
Registered number: |
14438356 |
Balance Sheet |
as at 31 October 2023 |
|
Notes |
|
|
2023 |
|
£ |
|
Fixed assets |
Intangible assets |
3 |
|
|
12,750 |
|
Current assets |
Debtors |
4 |
|
551 |
Cash at bank and in hand |
|
|
1,569 |
|
|
|
2,120 |
|
|
|
Creditors: amounts falling due within one year |
5 |
|
(28,062) |
|
Net current liabilities |
|
|
|
(25,942) |
|
|
Net liabilities |
|
|
|
(13,192) |
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
Profit and loss account |
|
|
|
(13,193) |
|
Shareholder's funds |
|
|
|
(13,192) |
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Jacqueline Wurr |
Director |
Approved by the board on 31 March 2024 |
|
Seaways Property Management |
Notes to the Accounts |
for the year ended 31 October 2023 |
|
|
1 |
Accounting policies |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2023 |
|
Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Franchise |
|
|
Cost |
|
Additions |
15,000 |
|
At 31 October 2023 |
15,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the year |
2,250 |
|
At 31 October 2023 |
2,250 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2023 |
12,750 |
|
|
|
|
|
|
|
|
|
|
Franchise is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
4 |
Debtors |
2023 |
|
£ |
|
|
|
Trade debtors |
471 |
|
Other debtors |
80 |
|
|
|
|
|
|
551 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
£ |
|
|
|
Trade creditors |
2,240 |
|
Taxation and social security costs |
(390) |
|
Other creditors |
26,212 |
|
|
|
|
|
|
28,062 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Seaways Property Management is a private company limited by shares and incorporated in England. Its registered office is: |
|
41 Runton Road |
|
Cromer |
|
Norwich |
|
Norfolk |
|
NR27 9AT |