Price Properties (Wirral) Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 00563170 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Price Properties (Wirral) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P C Price

Mrs P M Oldham

SECRETARY:

Mrs P Price

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

CH1 2DS

REGISTERED NUMBER:

00563170 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

BANKERS:

HSBC

21 Pensby Road

Heswall

Wirral

CH607RL

FIXED ASSETS

Tangible assets

4

49,082

49,082

CURRENT ASSETS

Debtors

5

2,828

79

Cash at bank and in hand

23,132

26,077

25,960

26,156

CREDITORS

Amounts falling due within one year

6

(25,563

)

(24,124

)

NET CURRENT ASSETS

397

2,032

TOTAL ASSETS LESS CURRENT LIABILITIES

49,479

51,114

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

48,479

50,114

SHAREHOLDERS' FUNDS

49,479

51,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 3 May 2017 and were signed on its behalf by:

P C Price - Director

1.	STATUTORY INFORMATION

Price Properties (Wirral) Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Freehold property

-

over the life of the lease

Fixtures and fittings

-

Straight line over 8 years

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

49,081

1,664

50,745

DEPRECIATION

At 1 April 2016

and 31 March 2017

-

1,663

1,663

NET BOOK VALUE

At 31 March 2017

49,081

1

49,082

At 31 March 2016

49,081

1

49,082

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

2,828

79

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

4,265

2,424

Tax

7,581

8,031

Proposed dividends

10,500

10,500

Directors' current accounts

2,029

2,029

Accruals and deferred income

1,188

1,140

25,563

24,124