R & A Selley Properties Limited - Accounts to registrar (filleted) - small 18.2

R & A Selley Properties Limited - Accounts to registrar (filleted) - small 18.2

R & A SELLEY PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 10653241 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

R & A SELLEY PROPERTIES LIMITED
R & A SELLEY PROPERTIES LIMITED (REGISTERED NUMBER: 10653241)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R & A SELLEY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: Miss A F Selley
R Selley





REGISTERED OFFICE: 30 New Road
Brighton
East Sussex
BN1 1BN





REGISTERED NUMBER: 10653241 (England and Wales)





ACCOUNTANTS: Galloways
30 New Road
Brighton
East Sussex
BN1 1BN
Page 1
R & A SELLEY PROPERTIES LIMITED (REGISTERED NUMBER: 10653241)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,596,879 1,696,000

CURRENT ASSETS
Debtors 5 2,287 1,092
Cash at bank 167,198 24,509
169,485 25,601
CREDITORS
Amounts falling due within one year 6 20,495 14,112
NET CURRENT ASSETS 148,990 11,489
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,745,869
1,707,489

CAPITAL AND RESERVES
Called up share capital 7 2,002 2,002
Share premium 1,695,000 1,695,000
Retained earnings 48,867 10,487
SHAREHOLDERS' FUNDS 1,745,869 1,707,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 September 2019 and were signed on its behalf by:





R Selley - Director


The notes form part of these financial statements

Page 2
R & A SELLEY PROPERTIES LIMITED (REGISTERED NUMBER: 10653241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

R & A Selley Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
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.

Taxation
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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018 1,696,000
Additions 677,879
Disposals (777,000 )
At 31 March 2019 1,596,879
NET BOOK VALUE
At 31 March 2019 1,596,879
At 31 March 2018 1,696,000

Page 3 continued...
R & A SELLEY PROPERTIES LIMITED (REGISTERED NUMBER: 10653241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Prepayments and accrued income 2,287 1,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Tax 6,088 6,664
Directors' current accounts 203 6,449
Accruals and deferred income 14,204 999
20,495 14,112

7. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
1,002 Ordinary £1 1,002 1,002
1,000 Non voting A Ordinary £1 1,000 1,000
2,002 2,002

Page 4