Micker Properties Limited 30/09/2020 iXBRL

MICKER PROPERTIES LIMITED - Company Information

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Company registration number: 07384750

Micker Properties Limited

Unaudited filleted financial statements

30 September 2020

Micker Properties Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Micker Properties Limited

Directors and other information


	Directors	Mr S G Walker
		Mr D J Rowley


	Secretary	Mr S G Walker


	Company number	07384750


	Registered office	45/49 Greek Street
		Stockport
		Cheshire
		SK3 8AX


	Accountants	Downham Morris & Co
		45/49 Greek Street
		Stockport
		Cheshire
		SK3 8AX

Micker Properties Limited

Chartered certified accountants' report to the board of directors on the preparation of the

unaudited statutory financial statements of Micker Properties Limited

Year ended 30 September 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Micker Properties Limited for the year ended 30 September 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Micker Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Micker Properties Limited and state those matters that we have agreed to state to the board of directors of Micker Properties Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/ dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Micker Properties Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Micker Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Micker Properties Limited. You consider that Micker Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Micker Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Downham Morris & Co

Chartered Certified Accountants

45/49 Greek Street

Stockport

Cheshire

SK3 8AX

15 June 2021

Micker Properties Limited

Statement of financial position

30 September 2020

		2020		2019
	Note	£	£	£	£

Current assets
Stocks		64,912		129,823
Debtors	5	270,901		158,046
Cash at bank and in hand		9		9
		_______		_______
		335,822		287,878
Creditors: amounts falling due
within one year	6	( 24,508)		( 24,144)
		_______		_______
Net current assets			311,314		263,734
			_______		_______
Total assets less current liabilities			311,314		263,734

			_______		_______
Net assets			311,314		263,734
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			311,312		263,732
			_______		_______
Shareholders funds			311,314		263,734
			_______		_______

For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 June 2021 , and are signed on behalf of the board by:

.........................

Mr S G Walker

Director

Company registration number: 07384750

Micker Properties Limited

Notes to the financial statements

Year ended 30 September 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45/49 Greek Street, Stockport, Cheshire, SK3 8AX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2019: 2 ).

5. Debtors

	2020	2019
	£	£
Other debtors	270,901	158,046
	_______	_______

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Corporation tax	23,058	22,314
Other creditors	1,450	1,830
	_______	_______
	24,508	24,144
	_______	_______

7. Related party transactions

During the year the company entered into the following transactions with related parties:

	Balance owed by/(owed to)
	2020	2019
	£	£
Amounts owed by associated company	265,041	152,186
	_______	_______

No interest is charged on loans to associated companies and loans are repayable on demand.

8. Controlling party

During the year the company was under the control of its directors by virtue of their shareholding.