Practical Flat Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07221294 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2017 TO 29 APRIL 2018

FOR

PRACTICAL FLAT MANAGEMENT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R Plant

REGISTERED OFFICE:

1 Andromeda House

Calleva Park

Aldermaston

Reading

Berkshire

RG7 8AP

REGISTERED NUMBER:

07221294 (England and Wales)

ACCOUNTANTS:

Dove Marsh & Jones

1 Andromeda House

Calleva Park

Aldermaston

Reading

Berkshire

RG7 8AP

CURRENT ASSETS

Debtors

4

3,261

7,066

Cash at bank

63,719

55,896

66,980

62,962

CREDITORS

Amounts falling due within one year

5

3,250

7,660

NET CURRENT ASSETS

63,730

55,302

TOTAL ASSETS LESS CURRENT LIABILITIES

63,730

55,302

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

63,729

55,301

SHAREHOLDERS' FUNDS

63,730

55,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 April 2019 and were signed by:

Mr R Plant - Director

1.	STATUTORY INFORMATION

Practical Flat Management Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales

taxes.

Taxation

Taxation for the period 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 statement

of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax

assessments in periods different from those in which they are recognised in

financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2017 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.18

30.4.17

£

£

Trade debtors

-

7,066

Other debtors

3,261

-

3,261

7,066

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.18

30.4.17

£

£

Tax

2,637

6,205

Other creditors

-

855

Accrued expenses

613

600

3,250

7,660