Contents of the Financial Statements

for the Period Ended 31 March 2020

Directors' report period ended 31 March 2020

The directors present their report with the financial statements of the company for the period ended 31 March 2020

Directors

The directors shown below have held office during the whole of the period from
1 April 2019 to 31 March 2020

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 May 2021

And signed on behalf of the board by:
Name: Mr. N Christo
Status: Director

Balance sheet

As at 31 March 2020

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2020 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 chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2020

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents rental income receivable net of VAT. Turnover is recognised at the point the rent is due fromtenants.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their usefullives on the following bases:Plant and machinery 25% reducing balanceFixtures, fittings & equipment 25% reducing balanceThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds andthe carrying value of the asset, and is credited or charged to profit or loss

  Other accounting policies

  Accounting conventionThese financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standardapplicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 asapplicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.The financial statements have been prepared under the historical cost convention, modified to include therevaluation of freehold properties and to include investment properties and certain financial instruments at fairvalue. The principal accounting policies adopted are set out below.The financial statements are prepared in sterling , which is the functional currency of the company. Monetarya mounts in these financial statements are rounded to the nearest £.Investment propertiesInvestment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised atcost, which includes the purchase cost and any directly attributable expenditure . Subsequently it is measured at fairvalue a t the reporting end date. Changes in fair value are recognised in profit or lossCash at bank and in handCash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, othershort-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdraftsare shown within borrowings in current liabilities.Financial instrumentsThe company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘OtherFinancial Instruments Issues’ of FRS 102 to all of its financial instruments.

Notes to the Financial Statements

for the Period Ended 31 March 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	1	1