Sutcliffe Properties Ltd - Accounts to registrar (filleted) - small 17.3
Sutcliffe Properties Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2017 |
| FOR |
| SUTCLIFFE PROPERTIES LTD |
| SUTCLIFFE PROPERTIES LTD (REGISTERED NUMBER: 05986587) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30th April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SUTCLIFFE PROPERTIES LTD |
| COMPANY INFORMATION |
| for the Year Ended 30th April 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 City Road East |
| Manchester |
| M15 4PN |
| SUTCLIFFE PROPERTIES LTD (REGISTERED NUMBER: 05986587) |
| BALANCE SHEET |
| 30th April 2017 |
| 30.4.17 | 30.4.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 | 481,346 | 503,479 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| SUTCLIFFE PROPERTIES LTD (REGISTERED NUMBER: 05986587) |
| BALANCE SHEET - continued |
| 30th April 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors on and were signed on its behalf by: |
| SUTCLIFFE PROPERTIES LTD (REGISTERED NUMBER: 05986587) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30th April 2017 |
| 1. | STATUTORY INFORMATION |
| Sutcliffe Properties Ltd is a private company limited by share capital, incorporated in England and Wales, |
| registration number 05986587. The address of the registered office is 2nd Floor, City Road East, Manchester, |
| M15 4PN. The principal place of business is Weston Street, Bolton, BL3 2AL. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| This the first year that the company has presented its results under FRS 102. The last financial statements under |
| UK GAAP were for the year ended 30 April 2016. The date of transition to FRS 102 was 1 May 2016. There are |
| no transitional adjustments arising from the first time adoption of FRS 102. |
| Turnover |
| Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| SUTCLIFFE PROPERTIES LTD (REGISTERED NUMBER: 05986587) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th April 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
| held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
| leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
| element of the future payments is treated as a liability. |
| Debtors |
| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the |
| arrangement constitutes a financing transaction, where the transaction is measured at the present value of the |
| future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost |
| using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and |
| other short-term highly liquid investments that mature in no more than three months from the date of |
| acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| Creditors |
| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related |
| parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, |
| where the debt instrument is measured at the present value of the future payments discounted at a market |
| rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest |
| method, less any impairment. |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st May 2016 |
| Disposals | ( |
) | ( |
) |
| At 30th April 2017 |
| DEPRECIATION |
| At 1st May 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th April 2017 |
| NET BOOK VALUE |
| At 30th April 2017 |
| At 30th April 2016 |
| Included in cost of land and buildings is freehold land of £ 350,000 (2016 - £ 350,000 ) which is not depreciated. |
| SUTCLIFFE PROPERTIES LTD (REGISTERED NUMBER: 05986587) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th April 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Amounts owed by associates |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to associates | - | 37,187 |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Bank loans |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | - | 5,248 |