694 Properties Limited

694 Properties Limited

694 PROPERTIES LIMITED - Company Information

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1 January 2018 false No description of principal activity Taxfiler 2019.10.Web 09342907business:PrivateLimitedCompanyLtd2018-01-012018-12-31 093429072017-12-31 093429072018-01-012018-12-31 09342907business:AuditExemptWithAccountantsReport2018-01-012018-12-31 09342907business:FullAccounts2018-01-012018-12-31 093429072018-12-31 09342907business:Director12018-01-012018-12-31 09342907business:Director22018-01-012018-12-31 09342907business:Director32018-01-012018-12-31 09342907business:RegisteredOffice2018-01-012018-12-31 093429072017-12-31 09342907core:WithinOneYear2018-12-31 09342907core:WithinOneYear2017-12-31 09342907core:AfterOneYear2018-12-31 09342907core:AfterOneYear2017-12-31 09342907core:ShareCapital2018-12-31 09342907core:ShareCapital2017-12-31 09342907core:RetainedEarningsAccumulatedLosses2018-12-31 09342907core:RetainedEarningsAccumulatedLosses2017-12-31 09342907business:SmallEntities2018-01-012018-12-31 09342907countries:EnglandWales2018-01-012018-12-31 09342907core:LandBuildings2018-01-012018-12-31 09342907core:LandBuildings2017-12-31 09342907core:LandBuildings2018-12-31 09342907business:OrdinaryShareClass12018-01-012018-12-31 09342907business:OrdinaryShareClass12017-01-012017-12-31 093429072017-01-012017-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09342907 (England and Wales)
694 Properties Limited Unaudited accounts for the year ended 31 December 2018
694 Properties Limited Unaudited accounts Contents
Page
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694 Properties Limited Company Information for the year ended 31 December 2018
Directors
Richard Malcolm Walker Caroline Ruth Gooding Alexia Jane Gharagozlou
Company Number
09342907 (England and Wales)
Registered Office
46 James Street London W1U 1EZ
Accountants
Accounts and Legal Consultants Limited Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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694 Properties Limited Statement of financial position as at 31 December 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,845,264 
1,199,839 
Current assets
Debtors
5
30,460 
29,449 
Cash at bank and in hand
993 
42,653 
31,453 
72,102 
Creditors: amounts falling due within one year
6
(90,972)
(76,514)
Net current liabilities
(59,519)
(4,412)
Total assets less current liabilities
1,785,745 
1,195,427 
Creditors: amounts falling due after more than one year
7
(1,807,961)
(1,164,636)
Net (liabilities)/assets
(22,216)
30,791 
Capital and reserves
Called up share capital
8
3 
3 
Profit and loss account
(22,219)
30,788 
Shareholders' funds
(22,216)
30,791 
For the year ending 31 December 2018 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 2 September 2019.
Richard Malcolm Walker Director Company Registration No. 09342907
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694 Properties Limited Notes to the Accounts for the year ended 31 December 2018
1
Statutory information
694 Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09342907. The registered office is 46 James Street, London, W1U 1EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of amounts invoiced in relation to the rental income during the period, when it falls due per the rental agreement.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line on buildings
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2018
1,267,714 
Additions
746,117 
At 31 December 2018
2,013,831 
Depreciation
At 1 January 2018
67,875 
Charge for the year
100,692 
At 31 December 2018
168,567 
Net book value
At 31 December 2018
1,845,264 
At 31 December 2017
1,199,839 
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694 Properties Limited Notes to the Accounts for the year ended 31 December 2018
5
Debtors
2018 
2017 
£ 
£ 
Trade debtors
4,607 
3,250 
Other debtors
25,853 
26,199 
30,460 
29,449 
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
51,700 
41,943 
Trade creditors
3,299 
195 
Taxes and social security
14,018 
14,670 
Accruals
3,122 
873 
Deferred income
18,833 
18,833 
90,972 
76,514 
7
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Bank loans
1,807,961 
1,164,636 
8
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
9
Transactions with related parties
Amounts due to: Richard Malcolm Walker - director and 33.3% shareholder £253,000 (2017: £173,000) Caroline Ruth Gooding - director and 33.3% shareholder £253,000 (2017: £173,000) Alexia Jane Gharagozlou - director and 33.3% shareholder £253,000 (2017: £173,000)
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).
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