First Steps Property Limited - Accounts to registrar (filleted) - small 18.2

First Steps Property Limited - Accounts to registrar (filleted) - small 18.2

FIRST STEPS PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 05976882 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

FIRST STEPS PROPERTY LIMITED
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIRST STEPS PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2021







DIRECTORS: Mr A Bain
Mrs J Bain
Ms S Fahey





REGISTERED OFFICE: 29 Glover Road
Pinner
Middlesex
HA5 1LQ





REGISTERED NUMBER: 05976882 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX
Page 1
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)

BALANCE SHEET
31 AUGUST 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,000,488 1,000,488
Investments 5 100 100
1,000,588 1,000,588

CURRENT ASSETS
Debtors 6 3,922 15,122
Cash at bank 11,903 15,480
15,825 30,602
CREDITORS
Amounts falling due within one year 7 43,749 45,830
NET CURRENT LIABILITIES (27,924 ) (15,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
972,664
985,360

CREDITORS
Amounts falling due after more than one
year
8
674,352
688,295
NET ASSETS 298,312 297,065

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 298,212 296,965
SHAREHOLDERS' FUNDS 298,312 297,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 21 May 2022 and were signed on its behalf by:





Mr A Bain - Director


The notes form part of these financial statements

Page 2
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021

1. STATUTORY INFORMATION

First Steps Property 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.

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 COVID-19 (coronavirus) pandemic has had an increasingly significant effect on individuals, businesses and organisations worldwide. The outbreak came into widespread public knowledge in 2020. The Directors have taken all necessary measures to satisfy themselves that the Company will continue to be able to operate throughout the current lockdown conditions and beyond. Therefore, the directors consider the company to be a going concern and no adjustments have been made to the figures in these financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 September 2020
and 31 August 2021 1,000,488
NET BOOK VALUE
At 31 August 2021 1,000,488
At 31 August 2020 1,000,488

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 September 2020
and 31 August 2021 100
NET BOOK VALUE
At 31 August 2021 100
At 31 August 2020 100

Page 3 continued...
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by associates 3,922 15,122

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 292 2,386
Other creditors 43,457 43,444
43,749 45,830

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 674,352 688,295

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 674,352 -

The bank loans are secured by way of fixed and floating charges over all the assets of the company.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary Shares £1 100 100

Page 4