First Steps Property Limited - Accounts to registrar (filleted) - small 18.1

First Steps Property Limited - Accounts to registrar (filleted) - small 18.1

FIRST STEPS PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 05976882 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

FIRST STEPS PROPERTY LIMITED
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIRST STEPS PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2017







DIRECTORS: Mr A Bain
Mrs J Bain
Ms S Fahey





REGISTERED OFFICE: 29 Glover Road
Pinner
Middlesex
HA5 1LQ





REGISTERED NUMBER: 05976882 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX
Page 1
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)

BALANCE SHEET
31 AUGUST 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 1,000,488 1,000,488
Investments 4 100 100
1,000,588 1,000,588

CURRENT ASSETS
Debtors 5 46,283 538
Cash at bank 9,531 14,111
55,814 14,649
CREDITORS
Amounts falling due within one year 6 51,627 58,671
NET CURRENT ASSETS/(LIABILITIES) 4,187 (44,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,004,775
956,566

CREDITORS
Amounts falling due after more than one
year
7
734,348
698,319
NET ASSETS 270,427 258,247

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 270,327 258,147
SHAREHOLDERS' FUNDS 270,427 258,247

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2018 and were signed on its behalf by:





Mr A Bain - Director


The notes form part of these financial statements

Page 2
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

1. STATUTORY INFORMATION

First Steps Property 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 September 2016
and 31 August 2017 1,000,488
NET BOOK VALUE
At 31 August 2017 1,000,488
At 31 August 2016 1,000,488

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2016
and 31 August 2017 100
NET BOOK VALUE
At 31 August 2017 100
At 31 August 2016 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts owed by associates 46,283 -
Other debtors - 538
46,283 538

Page 3 continued...
FIRST STEPS PROPERTY LIMITED (REGISTERED NUMBER: 05976882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts owed to associates - 5,491
Taxation and social security 1,245 -
Other creditors 50,382 53,180
51,627 58,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Bank loans 734,348 698,319

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary Shares £1 100 100

9. RELATED PARTY DISCLOSURES

During the year the company had following balances as (payable) / recoverable from the following companies in
which Mr A Bain and Mrs S Fahey are both directors.

Amounts (payable)/ recoverable at the balance sheet date were:
20172016
££
Beaconsfield Childcare Limited46,282(5,491)
At the End of the Day Limited(100)(4,016)

10. FIRST YEAR ADOPTION

The policies applied under the entities previous accounting framework are not materially different to FRS 102,
Section 1A and have not impacted on equity or profit and loss for the year.

Page 4