Strang & Co Property Limited 14291942 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is the provision of property consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 14291942 2023-09-01 2024-08-31 14291942 2024-08-31 14291942 core:CurrentFinancialInstruments 2024-08-31 14291942 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 14291942 bus:SmallEntities 2023-09-01 2024-08-31 14291942 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 14291942 bus:FilletedAccounts 2023-09-01 2024-08-31 14291942 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14291942 bus:RegisteredOffice 2023-09-01 2024-08-31 14291942 bus:Director1 2023-09-01 2024-08-31 14291942 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14291942 countries:EnglandWales 2023-09-01 2024-08-31 14291942 2022-08-12 2023-08-31 14291942 2023-08-31 14291942 core:CurrentFinancialInstruments 2023-08-31 14291942 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 14291942

Strang & Co Property Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Strang & Co Property Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Strang & Co Property Limited

(Registration number: 14291942)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,174

140

Cash at bank and in hand

 

4,362

8,472

 

5,536

8,612

Creditors: Amounts falling due within one year

5

(8,010)

(4,778)

Net (liabilities)/assets

 

(2,474)

3,834

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(2,484)

3,824

Shareholders' (deficit)/funds

 

(2,474)

3,834

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 October 2024
 

.........................................
Miss C E Strang
Director

 

Strang & Co Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31a Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Strang & Co Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Other debtors

1,174

140

 

1,174

140

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

460

-

Taxation and social security

867

3,705

Other creditors

6,683

1,073

8,010

4,778

6

Related party transactions

Other transactions with the director

Included in other creditors at the year end is a balance due to the directors of £5,633. (2023 - £72)