Richard Bird's Estate Agents Limited
|
Registered Number
:
02249844
|
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2016
Richard Bird's Estate Agents Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Richard Bird's Estate Agents Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
115,863
119,461
2
115,863
119,461
Trade and other receivables
|
3,367
910
3
196,441
Cash and cash equivalents
|
220,472
221,382
199,808
Trade and other payables
:
amounts falling due within one year
|
(236,286)
(228,627)
4
(36,478)
(7,245)
Net current liabilities
Total assets less current liabilities
|
108,618
82,983
(19,403)
(5,930)
Provisions for liabilities
|
89,215
Net assets
77,053
100
100
76,070
76,070
5
13,045
883
89,215
77,053
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
These financial statements were approved and authorised for issue by the Board on 13 June 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
Richard Bird's Estate Agents Limited
Notes to the Financial Statements
Statutory Information
Richard Bird
'
s Estate Agents Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
02249844
.
|
Bird's Estate Agents
62 Westgate
Hunstanton
Norfolk
PE36 5EL
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected useful
|
lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be
|
immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 31 December 2016
Richard Bird's Estate Agents Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
268,768
118,768
150,000
1,000
1,000
-
150,000
119,768
269,768
Provision for depreciation and impairment
|
149,307
89,117
60,190
Charge for year
4,598
4,598
-
153,905
93,715
60,190
89,810
26,053
115,863
89,810
29,651
119,461
3
.
Trade and other receivables
|
2015
2016
910
3,367
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
74,155
71,933
Taxation and social security
|
12,115
19,203
142,357
145,150
228,627
236,286
Revaluation reserve at
01
January
2016
|
76,070
76,070
Revaluation reserve at
31
December
2016
|
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For the year ended 31 December 2016
Richard Bird's Estate Agents Limited
Notes to the Financial Statements Continued
6
.
Related party transactions
|
Name
:
Mrs S Bird
&
Mrs J Cairns
|
Current Year
: (
139
,
495
)
|
Previous Year
: (
142
,
420
)
|
Related Party Transactions
|
The debit movement of £
2
,
925
is represented by drawings
.
|
7
.
Guarantees and other financial commitments
|
The company operates a defined contribution pension scheme
.
The scheme and its assets are held by independent
|
managers
.
The pension charge represents contributions due from the company and amounted to £
355
(
2015
-
£Nil
).
|
Pension commitments
8
.
Average number of persons employed
|
During the year the average number of employees was 3 (2015 : 7)
4 of 4