Accounts filed on 31-03-2019

Accounts filed on 31-03-2019

PROPERTY MANAGEMENT WALES LIMITED - Company Information

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Registered number: 04501666
Property Management Wales Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2019
Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
Property Management Wales Limited
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
DIRECTORS
Mr S M Ashton
REGISTERED OFFICE
Unit 73
Honeyborough Industrial Estate
Neyland
Milford Haven, Pembs
SA73 1SE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04501666
ACCOUNTANTS
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU
Property Management Wales Limited
FINANCIAL STATEMENTS
FOR THEYEARENDED31 MARCH 2019
CONTENTS
Page
Directors' Report-
Accountants' 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-
Property Management Wales Limited
BALANCE SHEET AT 31 March 2019
20192018
Notes££
FIXED ASSETS
Tangible assets2563,232550,191
CURRENT ASSETS
Debtors3125,910116,809
Cash at bank and in hand20,163688
146,073117,497
CREDITORS: Amounts falling due within one year425,14027,311
NET CURRENT ASSETS120,93390,186
TOTAL ASSETS LESS CURRENT LIABILITIES684,165640,377
CREDITORS: Amounts falling due after more than one year5481,544455,974
PROVISIONS FOR LIABILITIES AND CHARGES715,36111,900
NET ASSETS187,260172,503
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account187,259172,502
SHAREHOLDERS' FUNDS187,260172,503
For the year ending 31 March 2019 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 27 September 2019 and signed on their behalf by
.............................
Mr S M Ashton
Director
Property Management Wales Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2019
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. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
No depreciation is provided on freehold property as the amount that is depreciated is the difference between cost and residual value. In the opinion of the director, the residual value of the property is at least cost, and there is therefore no depreciation to provide.
Fixtures And Fittingsstraight line10%
2. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsTotal
£££
Cost
At 1 April 2018507,41351,467558,880
Additions18,134-18,134
At 31 March 2019525,54751,467577,014
Depreciation
At 1 April 2018-8,6898,689
For the year-5,0935,093
At 31 March 2019-13,78213,782
Net Book Amounts
At 31 March 2019525,54737,685563,232
At 31 March 2018507,41342,778550,191
Property Management Wales Limited
3. DEBTORS 20192018
££
Amounts falling due within one year
Trade debtors65,42048,620
VAT-8,189
Prepayments490-
65,91056,809
Amounts falling due over more than one year
Simon Safety Limited60,00060,000
60,00060,000
125,910116,809
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
VAT9,720-
Bank Loan12,80018,000
Trade creditors2,0008,661
Accruals620650
25,14027,311
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20192018
££
Bank loans (secured) >1yr481,544455,974
481,544455,974
6. EMPLOYEES
20192018
No.No.
Average number of employees--
There were no employess in the years ended 31 March 2018 or 31 March 2019.
Property Management Wales Limited
7. PROVISIONS FOR LIABILITIES 20192018
££
Deferred taxation15,36111,900
15,36111,900
8. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
1 Ordinary shares of £1.00 each11
11
9. CONTROLLING PARTY
The company is controlled by Mr S Ashton by virtue of his 100% shareholding.