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Company Registration No. 11041334 (England and Wales)
Feather & Slate Property Services Limited Unaudited accounts for the period from 30 November 2022 to 31 December 2023
Feather & Slate Property Services Limited Unaudited accounts Contents
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Feather & Slate Property Services Limited Company Information for the period from 30 November 2022 to 31 December 2023
Director
Mr Simon Lees
Company Number
11041334 (England and Wales)
Registered Office
C/O Anumerate Office 2.05 Clockwise Old Town Hall, 30 Tweedy Road Bromley BR1 3FE England
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Feather & Slate Property Services Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
57,261 
59,819 
Cash at bank and in hand
6,149 
2 
63,410 
59,821 
Creditors: amounts falling due within one year
(97,365)
(118,943)
Net current liabilities
(33,955)
(59,122)
Net liabilities
(33,955)
(59,122)
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
(35,955)
(61,122)
Shareholders' funds
(33,955)
(59,122)
For the period ending 31 December 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 30 August 2024 and were signed on its behalf by
Mr Simon Lees Director Company Registration No. 11041334
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Feather & Slate Property Services Limited Notes to the Accounts for the period from 30 November 2022 to 31 December 2023
1
Statutory information
Feather & Slate Property Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11041334. The registered office is C/O Anumerate Office 2.05 Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE, England.
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 period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Considering future revenue to the company and ongoing support by the company shareholder, the Director is of the opinion the company is of a going concern.
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. The company recognises revenue when: - The amount of revenue can be reliably measured; - it is probable that future economic benefits will flow to the entity; and - specific criteria have been met for each of the company's activities.
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. 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. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Feather & Slate Property Services Limited Notes to the Accounts for the period from 30 November 2022 to 31 December 2023
Cash
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
57,261 
59,819 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
331 
- 
Other creditors
95,239 
90,710 
Loans from directors
230 
25,809 
Accruals
1,565 
2,424 
97,365 
118,943 
Other Creditors of £95,239 as at 31 December 2023 represents loans advanced by external third parties to finance the business operations. The loans are unsecured, interest free, and have no fixed terms of repayment.
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Feather & Slate Property Services Limited Notes to the Accounts for the period from 30 November 2022 to 31 December 2023
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
1,000 Ordinary shares A of £1 each
1,000 
1,000 
2,000 
2,000 
7
Transactions with related parties
During the year, the Director Mr S Lees advanced cash to the company to facilitate the payment of operating expenses. The loan balance is unsecured, interest-free and has no fixed terms of repayment.
8
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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