Symington Property Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05051969

Symington Property Services Limited

Filleted Unaudited Financial Statements

31 October 2024

Symington Property Services Limited

Statement of Financial Position

31 October 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5	5,043	6,266
Investments	6	20	20
		-------	-------
		5,063	6,286

Current assets

Debtors	7	21,787	15,758
Cash at bank and in hand		790	349
		--------	--------
		22,577	16,107

Creditors: amounts falling due within one year	8	148,320		138,348
		---------		---------
Net current liabilities			125,743		122,241
			---------		---------
Total assets less current liabilities			( 120,680)		( 115,955)
			---------		---------
Net liabilities			( 120,680)		( 115,955)
			---------		---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		( 120,780)	( 116,055)
		---------	---------
Shareholders deficit		( 120,680)	( 115,955)
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Symington Property Services Limited

Statement of Financial Position (continued)

31 October 2024

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

Mr A H Symington
Director

Company registration number: 05051969

Symington Property Services Limited

Notes to the Financial Statements

Year ended 31 October 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on a going concern basis which is dependent on the continued support of the company's director. The director has indicated his willingness to support the company for the foreseeable future.

Going concern

The financial statements have been prepared on a going concern basis which is dependent on the continued support of the director. The director has indicated his willingness to support the company for the foreseeable future.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 November 2023 and 31 October 2024	22,032	19,504	41,536
	--------	--------	--------
Depreciation
At 1 November 2023	16,547	18,723	35,270
Charge for the year	1,028	195	1,223
	--------	--------	--------
At 31 October 2024	17,575	18,918	36,493
	--------	--------	--------
Carrying amount
At 31 October 2024	4,457	586	5,043
	--------	--------	--------
At 31 October 2023	5,485	781	6,266
	--------	--------	--------

6. Investments

	Investments
	£
Cost
At 1 November 2023 and 31 October 2024	20
	----
Impairment
At 1 November 2023 and 31 October 2024	–
	----

Carrying amount
At 31 October 2024	20
	----
At 31 October 2023	20
	----

7. Debtors

	2024	2023
	£	£
Trade debtors	6,957	14,408
Other debtors	14,830	1,350
	--------	--------
	21,787	15,758
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	3,623	1,773
Accruals and deferred income	2,690	2,700
Director loan accounts	142,007	133,875
	---------	---------
	148,320	138,348
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Directors loan account	–	–	( 142,007)	( 133,875)
	----	----	---------	---------