Speak Property Consultancy Limited - Period Ending 2016-03-31

Registration number: 05120389

Speak Property Consultancy Limited

trading as Speak Property Consultancy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

Speak Property Consultancy Limited
trading as Speak Property Consultancy Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Speak Property Consultancy Limited
trading as Speak Property Consultancy Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Speak Property Consultancy Limited for the year ended 31 March 2016 set out on pages 2 to 4 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://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Speak Property Consultancy 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 accounts of Speak Property Consultancy Limited and state those matters that we have agreed to state to them, 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Speak Property Consultancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Speak Property Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Speak Property Consultancy Limited. You consider that Speak Property Consultancy 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 accounts of Speak Property Consultancy 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 accounts.

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

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

14 November 2016

Page 1

Speak Property Consultancy Limited
trading as Speak Property Consultancy Ltd
(Registration number: 05120389)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,391			1,485
Current assets
Debtors					13,423			11,584
Cash at bank and in hand					5,660			1,131
					19,083			12,715
Creditors: Amounts falling due within one year					(18,208)			(14,499)
Net current assets/(liabilities)					875			(1,784)
Net assets/(liabilities)					2,266			(299)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					2,264			(301)
Shareholders' funds/(deficit)					2,266			(299)

For the year ending 31 March 2016 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 14 November 2016

.........................................
Mr Peter Geoffrey Speak
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Speak Property Consultancy Limited
trading as Speak Property Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% Reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		5,800			5,800
Additions		370			370
At 31 March 2016		6,170			6,170
Depreciation
At 1 April 2015		4,315			4,315
Charge for the year		464			464
At 31 March 2016		4,779			4,779
Net book value
At 31 March 2016		1,391			1,391
At 31 March 2015		1,485			1,485

Page 3

Speak Property Consultancy Limited
trading as Speak Property Consultancy Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary voting shares of £1 each		2			2			2			2

Page 4