Steer Property Services Ltd - Period Ending 2016-04-30

Registration number: 05065930

Steer Property Services Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

Steer Property Services Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Steer Property Services Ltd
(Registration number: 05065930)
Abbreviated Balance Sheet at 30 April 2016

 

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,373,618			1,218,801
Current assets
Debtors					3,287			2,473
Cash at bank and in hand					6,311			7,260
					9,598			9,733
Creditors: Amounts falling due within one year					(225,769)			(201,227)
Net current liabilities					(216,171)			(191,494)
Total assets less current liabilities					1,157,447			1,027,307
Creditors: Amounts falling due after more than one year					(1,027,355)			(953,487)
Net assets					130,092			73,820
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					128,380			77,808
Profit and loss account					1,612			(4,088)
Shareholders' funds					130,092			73,820

For the year ending 30 April 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 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 28 October 2016 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 1

Steer Property Services Ltd
(Registration number: 05065930)
Abbreviated Balance Sheet at 30 April 2016

 ......... continued

......................................... Mr MC Steer Director

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

Steer Property Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 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, net of value added tax, 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
Land and buildings	2% straight line
Motor vehicles	20% straight line
Plant and machinery	15% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 3

Steer Property Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		1,252,117			1,252,117
Revaluations		50,573			50,573
Additions		110,900			110,900
Disposals		(1,982)			(1,982)
At 30 April 2016		1,411,608			1,411,608
Depreciation
At 1 May 2015		33,316			33,316
Charge for the year		5,600			5,600
Eliminated on disposals		(926)			(926)
At 30 April 2016		37,990			37,990
Net book value
At 30 April 2016		1,373,618			1,373,618
At 30 April 2015		1,218,801			1,218,801

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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