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

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


IRIS Accounts Productionv20.1.0.63510653241Board of Directors1.4.1931.3.2031.3.2000falsetruefalsefalsetruefalseFair value modeliso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure106532412019-03-31106532412020-03-31106532412019-04-012020-03-31106532412018-03-31106532412018-04-012019-03-31106532412019-03-3110653241ns16:EnglandWales2019-04-012020-03-3110653241ns15:PoundSterling2019-04-012020-03-3110653241ns11:Director12019-04-012020-03-3110653241ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3110653241ns11:SmallEntities2019-04-012020-03-3110653241ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-3110653241ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3110653241ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3110653241ns11:FullAccounts2019-04-012020-03-3110653241ns11:Director22019-04-012020-03-3110653241ns11:RegisteredOffice2019-04-012020-03-3110653241ns6:CurrentFinancialInstruments2020-03-3110653241ns6:CurrentFinancialInstruments2019-03-3110653241ns6:ShareCapital2020-03-3110653241ns6:ShareCapital2019-03-3110653241ns6:SharePremium2020-03-3110653241ns6:SharePremium2019-03-3110653241ns6:RetainedEarningsAccumulatedLosses2020-03-3110653241ns6:RetainedEarningsAccumulatedLosses2019-03-3110653241ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-3110653241ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-03-31
REGISTERED NUMBER: 10653241(England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

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 2020










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 2020







DIRECTORS: A F Selley
R Selley





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





REGISTERED NUMBER: 10653241(England and Wales)





ACCOUNTANTS: Galloways Accounting
30 New Road
Brighton
East Sussex
BN1 1BN

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

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,596,879 1,596,879

CURRENT ASSETS
Debtors 5 176,787 2,287
Cash at bank 8,812 167,198
185,599 169,485
CREDITORS
Amounts falling due within one year 6 12,978 20,495
NET CURRENT ASSETS 172,621 148,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,769,500

1,745,869

CAPITAL AND RESERVES
Called up share capital 2,002 2,002
Share premium 1,695,000 1,695,000
Retained earnings 72,498 48,867
SHAREHOLDERS' FUNDS 1,769,500 1,745,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 June 2020and were
signed on its behalf by:





R Selley- Director


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

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020


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.

Going concern
The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for
the foreseeable future, given the avenues of support that are available. The company continues to adopt the
going concern basis when preparing its financial statements.

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 (2019 - NIL).

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019
and 31 March 2020 1,596,879
NET BOOK VALUE
At 31 March 2020 1,596,879
At 31 March 2019 1,596,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 697 -
Amounts owed to connected companies 174,000 -
Prepayments and accrued income 2,090 2,287
176,787 2,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Tax 7,185 6,088
Directors' current accounts 3,392 203
Accruals and deferred income 2,401 14,204
12,978 20,495