Slotlink Property Management Limited - Limited company accounts 18.2

REGISTERED NUMBER: 02244208 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Slotlink Property Management Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

R Poulter

F Cornelli

SECRETARY:

REGISTERED OFFICE:

7 St. Augustines Road

Ramsgate

Kent

CT12 9PQ

REGISTERED NUMBER:

02244208 (England and Wales)

ACCOUNTANTS:

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

The directors present their report with the financial statements of the company for the year ended 30 April 2018.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 May 2017 to the date of

this report.

The beneficial interests of the directors holding office at 30 April 2018 in the shares of the company, according to the

register of directors' interests, were as follows:

30.4.18

1.5.17

Ordinary shares of Ordinary each

R Poulter

1

F Cornelli

2

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

R Poulter - Director

14 January 2019

TURNOVER

1,566

1,524

Administrative expenses

1,503

1,570

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) BEFORE TAXATION

63

(46

)

Tax on profit/(loss)

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

63

(46

)

CURRENT ASSETS

Cash at bank

606

666

CREDITORS

Amounts falling due within one year

5

910

1,033

NET CURRENT LIABILITIES

(304

)

(367

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(304

)

(367

)

CAPITAL AND RESERVES

Called up share capital

3

Retained earnings

(307

)

(370

)

SHAREHOLDERS' FUNDS

(304

)

(367

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 January 2019 and were signed on its behalf by:

R Poulter - Director

1.	STATUTORY INFORMATION

Slotlink Property Management 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 NIL (2017 - NIL).

4.	PROFIT & LOSS ACCOUNT AS AT 30TH APRIL 2018

There is a cumulative debit balance on this account which needs to be addressed by increasing charges.

This has arisen because of the significant increase in Insurance payments since January 2016.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

Other creditors

-

26

Fees prepaid

676

785

Accrued expenses

234

222

910

1,033