ACCOUNTS - Final Accounts

ST MARY LE PARK FREEHOLD LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2017-01-01 04094757 2017-01-01 2017-12-31 04094757 2016-01-01 2016-12-31 04094757 2017-12-31 04094757 2016-12-31 04094757 c:Director7 2017-01-01 2017-12-31 04094757 d:Buildings 2017-12-31 04094757 d:Buildings 2016-12-31 04094757 d:CurrentFinancialInstruments 2017-12-31 04094757 d:CurrentFinancialInstruments 2016-12-31 04094757 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 04094757 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 04094757 d:ShareCapital 2017-12-31 04094757 d:ShareCapital 2016-12-31 04094757 d:RetainedEarningsAccumulatedLosses 2017-12-31 04094757 d:RetainedEarningsAccumulatedLosses 2016-12-31 04094757 c:FRS102 2017-01-01 2017-12-31 04094757 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 04094757 c:FullAccounts 2017-01-01 2017-12-31 04094757 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 04094757 d:EntityControlledByKeyManagementPersonnel1 2017-01-01 2017-12-31 04094757 d:EntityControlledByKeyManagementPersonnel1 2017-12-31 04094757 d:EntityControlledByKeyManagementPersonnel1 2016-12-31 iso4217:GBP xbrli:pure

Registered number: 04094757

ST MARY LE PARK FREEHOLD LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2017

ST MARY LE PARK FREEHOLD LIMITED

REGISTERED NUMBER: 04094757

BALANCE SHEET

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		43,294		43,294
			43,294		43,294
Current assets
Debtors: amounts falling due within one year	5	6,395		6,265
Cash at bank and in hand		163,041		147,453
		169,436		153,718
Creditors: amounts falling due within one year		(54,348)		(57,532)
Net current assets			115,088		96,186
Total assets less current liabilities			158,382		139,480

Net assets			158,382		139,480

Capital and reserves
Called up share capital	38	38
Profit and loss account	158,344	139,442
	158,382	139,480

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2018.

Mr Robert Harland

Director

The notes on pages 2 to 3 form part of these financial statements.

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ST MARY LE PARK FREEHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

St Mary Le Park Freehold Ltd is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 168 Church Road, Hove, England, BN3 2DL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

Revenue recognition

Turnover is represented by rents received from the company's land and buildings.

2.3

Tangible fixed assets and depreciation

Land and buildings are not depreciated. Freehold properties are maintained to ensure that their value does not diminish over time. The maintenance costs are charged to the service charges expenditure account in the year incurred.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to or from related parties.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 8 (2016 - 6).

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ST MARY LE PARK FREEHOLD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	At 1 January 2017	43,294
	At 31 December 2017	43,294

	Net book value
	At 31 December 2017	43,294
	At 31 December 2016	43,294

Debtors

					2017	2016
					£	£


Trade debtors	811	682
Other debtors	5,584	5,583
	6,395	6,265

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Other creditors	52,068	55,732
Accruals and deferred income	2,280	1,800
	54,348	57,532

7.	Related party transactions
	During the year the company had loans of £4,599 brought forward from directors of St Mary Le Park Freehold Limited. The amount due to directors at the year end was £4,362 (2016 £4,599).

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