Neptune Property Developments (239-241 Cambridge Heath Road) Limited iXBRL

NEPTUNE PROPERTY DEVELOPMENTS (239-241 CAMBRIDGE HEATH ROAD) LIMITED - Company Information

Print Friendly Version

Neptune Property Developments (239-241 Cambridge Heath Road) Limited

Unaudited Financial Statements

for the year ended 31 December 2018

Neptune Property Developments (239-241 Cambridge Heath Road) Limited

Company Number: 04530721

BALANCE SHEET

as at 31 December 2018

		2018	2017
	Notes	£	£

Current Assets

Debtors

6,096

6,096

Creditors: Amounts falling due within one year

(83,194)

(83,194)

─────────

Net Current Liabilities

(77,098)

(77,098)

─────────

Total Assets less Current Liabilities

(77,098)

(77,098)

═════════

Capital and Reserves

Called up share capital

100

100

Profit and Loss Account

(77,198)

(77,198)

─────────

Shareholders' Deficit

(77,098)

(77,098)

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that 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 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 2 July 2019


________________________________
Creighton Boyd
Director

Neptune Property Developments (239-241 Cambridge Heath Road) Limited

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2018

GENERAL INFORMATION

Neptune Property Developments (239-241 Cambridge Heath Road) Limited is a company limited by shares incorporated in England.

ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 December 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Share capital of the company

Ordinary share capital

The ordinary share capital of the company is presented as equity.

EMPLOYEES

The average monthly number of employees, including director, during the year was 0.


4.	DEBTORS	2018	2017
		£	£

	Other debtors	6,096	6,096
		═════════	═════════

	At the year-end Neptune property Developments (239-241 Cambridge Heath Road) Limited is owed £5,996 (2017: £5,996) by a related party that has a significant influence on the company. In the year the company received no payments from this related party. In the opinion of the directors these amounts arise in the ordinary course of business and the terms of the amounts due are in accordance with the terms ordinarily offered by the company.

CREDITORS

2018

2017

Amounts falling due within one year

Bank overdrafts

83,194

83,194

═════════

Bank overdrafts are secured by a charge on the assets of the company.

CAPITAL COMMITMENTS

The company had no material capital commitments at the year-ended 31 December 2018.

POST-BALANCE SHEET EVENTS

There have been no significant events affecting the company since the year-end.