Practical Flat Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07221294 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 30 APRIL 2020 TO 28 APRIL 2021

FOR

PRACTICAL FLAT MANAGEMENT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTOR:

Mr R Plant

REGISTERED OFFICE:

1 Andromeda House

Calleva Park

Aldermaston

Reading

Berkshire

RG7 8AP

REGISTERED NUMBER:

07221294 (England and Wales)

ACCOUNTANTS:

Dove Marsh & Jones

1 Andromeda House

Calleva Park

Aldermaston

Reading

Berkshire

RG7 8AP

CURRENT ASSETS

Debtors

4

51,563

7,990

Cash at bank

91,423

116,346

142,986

124,336

CREDITORS

Amounts falling due within one year

5

47,033

21,215

NET CURRENT ASSETS

95,953

103,121

TOTAL ASSETS LESS CURRENT LIABILITIES

95,953

103,121

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

95,952

103,120

SHAREHOLDERS' FUNDS

95,953

103,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 April 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 April 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2022 and were signed by:

Mr R Plant - Director

1.	STATUTORY INFORMATION

Practical Flat Management 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.

Turnover

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.21

29.4.20

£

£

Trade debtors

3,400

7,990

Other debtors

48,163

-

51,563

7,990

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.4.21

29.4.20

£

£

Trade creditors

280

1

Tax

2,541

8,285

Other creditors

27,522

5,922

Directors' current accounts

14,632

5,776

Accrued expenses

2,058

1,231

47,033

21,215

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Practical Flat Management Limited for the period ended 28 April 2021 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the 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/rulebook.

This report is made solely to the director of Practical Flat Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Practical Flat Management Limited and state those matters that we have agreed to state to the director of Practical Flat Management Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Practical Flat Management 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 Practical Flat Management Limited. You consider that Practical Flat Management Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Practical Flat Management 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.

Dove Marsh & Jones

1 Andromeda House

Calleva Park

Aldermaston

Reading

Berkshire

RG7 8AP

25 April 2022