| Directors | |
| Registered office | |
| Registered number | 07774937 |
| Accountant | Galloways Accounting |
| 15 West Street | |
| Brighton | |
| England | |
| BN1 2RL |
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The financial statements were approved and authorised for issue by the Board of Directors on
Ellis, Patricia
Director |
Ellis, Richard Francis
Director |
Company registration number 07774937
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The financial statements are presented in sterling and this is the functional currency of the company.
The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.
The directors acknowledge the net current liabilities position and confirm they will continue to give the required support for the company to meet it's financial obligations as they fall due.
Turnover represents the following types of income
- Rental income
- Income from the sale of properties
All income is recognised on a receivable basis.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.