Accounts filed on 31-07-2018

Accounts filed on 31-07-2018

YOUR TEAM PROPERTIES LIMITED - Company Information

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10866039falserenting of residential accommodation2017-07-142018-07-31http://www.companieshouse.gov.uk/2017-07-13http://www.companieshouse.gov.uk/cd:Director12017-07-142018-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2018-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-07-142018-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-07-142018-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-07-142018-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-07-31http://www.companieshouse.gov.uk/2017-07-142018-07-31http://www.companieshouse.gov.uk/cd:FRS1022017-07-142018-07-31http://www.companieshouse.gov.uk/2018-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2017-07-142018-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-07-142018-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10866039
Your Team Properties Limited
ACCOUNTS
FOR THE 383 DAY PERIOD ENDED 31 JULY 2018
Prepared By:
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Your Team Properties Limited
ACCOUNTS
FOR THE 383 DAY PERIOD ENDED 31 JULY 2018
DIRECTORS
Sam Dickie
REGISTERED OFFICE
3a Springfield Road
Ashley Cross
Poole
Dorset
BH14 0LG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10866039
ACCOUNTANTS
Willow Accounting & Consultancy
Chartered Certified Accountants
3a Springfield Road
Poole
Dorset
BH14 0LG
Your Team Properties Limited
ACCOUNTS
FOR THE383 DAY PERIODENDED31 JULY 2018
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Your Team Properties Limited
BALANCE SHEET AT 31 July 2018
2018
Notes£
FIXED ASSETS
Tangible assets2330,290
CURRENT ASSETS
Cash at bank and in hand68
68
CREDITORS: Amounts falling due within one year4136,795
NET CURRENT LIABILITIES(136,727)
TOTAL ASSETS LESS CURRENT LIABILITIES193,563
CREDITORS: Amounts falling due after more than one year5232,050
NET LIABILITIES(38,487)
CAPITAL AND RESERVES
Called up share capital71
Profit and loss account(38,488)
SHAREHOLDERS' FUNDS(38,487)
For the year ending 31 July 2018 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 9 April 2019 and signed on their behalf by
.............................
Sam Dickie
Director
Your Team Properties Limited
NOTES TO THE ACCOUNTS
FOR THE 383 DAY PERIOD ENDED 31 JULY 2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Turnover
Turnover represents the rent receivable from investment properties, net of value added tax.
2. TANGIBLE FIXED ASSETS
Cost
At 31 July 2018
Depreciation
At 31 July 2018
Net Book Amounts
At 31 July 2018
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
Additions330,290330,290
At 31 July 2018330,290330,290
Your Team Properties Limited
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018
£
Directors current account130,338
Accruals600
Rent deposits5,857
136,795
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018
£
Mortgage232,050
232,050
The mortgage is secured on the investment property and is interest only. The principal is repayable in December 2042.
6. EMPLOYEES
2018
No.No.
Average number of employees1
7. SHARE CAPITAL 2018
£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each1
1
New shares issued during period:
1 Ordinary shares of £1 each1
1