New Future Properties Limited - Accounts to registrar - small 17.2

New Future Properties Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 05328760(England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2017

for

New Future Properties Limited

New Future Properties Limited (Registered number: 05328760)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Future Properties Limited

Company Information
for the Year Ended 31 January 2017







DIRECTORS: P Rowley
G Szilagy
R J Moore
R G Lowe





SECRETARY: R G Lowe





REGISTERED OFFICE: Walker Suite 1, Centrix@
Connect BusinessVillage,
24 Derby Road
Liverpool
L5 9PR





REGISTERED NUMBER: 05328760(England and Wales)





ACCOUNTANTS: Wilson Henry LLP
145 Edge Lane
Liverpool
Merseyside
L7 2PF

New Future Properties Limited (Registered number: 05328760)

Balance Sheet
31 January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328,747 328,747

CURRENT ASSETS
Debtors 5 1,729 581
Cash at bank 7,925 18,174
9,654 18,755
CREDITORS
Amounts falling due within one year 6 1,240 2,375
NET CURRENT ASSETS 8,414 16,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,161

345,127

CREDITORS
Amounts falling due after more than one
year

7

341,026

341,109
NET (LIABILITIES)/ASSETS (3,865 ) 4,018

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,965 ) 3,918
SHAREHOLDERS' FUNDS (3,865 ) 4,018

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

New Future Properties Limited (Registered number: 05328760)

Balance Sheet - continued
31 January 2017


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 30 October 2017and were signed on its
behalf by:





G Szilagy- Director


New Future Properties Limited (Registered number: 05328760)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

New Future Properties 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 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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Taxation
Taxation for the year comprises current and deferred 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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 year 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 year was 4.

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2016
and 31 January 2017 328,747
NET BOOK VALUE
At 31 January 2017 328,747
At 31 January 2016 328,747

New Future Properties Limited (Registered number: 05328760)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax 1,134 -
Prepayments 595 581
1,729 581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax - 1,134
Director's current accounts 100 100
Accrued expenses 1,140 1,141
1,240 2,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank Loans due after more than 12
months

341,026

341,109

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank Loans due after more than 12
months

341,026

341,109