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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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31 MARCH 2018 TO 29 MARCH 2019 |
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FOR |
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EXPERIENCE PROPERTY CONSULTANTS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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31 MARCH 2018 TO 29 MARCH 2019 |
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FOR |
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EXPERIENCE PROPERTY CONSULTANTS LIMITED |
EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 MARCH 2018 TO 29 MARCH 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 6 |
EXPERIENCE PROPERTY CONSULTANTS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 31 MARCH 2018 TO 29 MARCH 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Russell House |
140 High Street |
Edgware |
Middlesex |
HA8 7LW |
EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798) |
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STATEMENT OF FINANCIAL POSITION |
29 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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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 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 MARCH 2018 TO 29 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Experience Property Consultants Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The monetary amounts are rounded to the nearest pound. |
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Turnover |
Turnover represents invoiced fees less credit notes for the management of various property developments, and |
invoice value of services completed in respect of interior design projects, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Basic financial assets |
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured |
at transaction price including transaction and where material are subsequently measured at amortise cost using |
the effective interest method, less any impairment |
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Impairment of financial assets |
Financial assets, other than those held at fair value are assessed for indicators or impairment at each reporting |
end date. |
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Financial assets are impaired where there is objective evidence that, as a result of one or more events that |
occured after the initial recognition of the financial asset, the estimated future cash flows have been affected. |
The impairment loss is recognised in the Statement of Total Comprehensive Income. |
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Derecognition of financial assets |
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or |
when it transfer the financial asset and substantially all the risks and rewards of ownership to another entity. |
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Basic financial liabilities |
Basic financial liabilities, including trade and other payables and loans from company undertakings that are |
classified as debt are initially measured at transaction price unless the arrangement constitute a financing |
transaction, where the debt instrument is measured at the present value of the future payments discounted at |
the market rate of interest. |
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Trade creditors are obligations to pay for goods or services that have been acquired int he ordinary course of |
business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one |
year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at |
transaction price and where material are subsequently measured at amortised cost using the effective interest |
method. |
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Cash and cash equivalent |
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid |
investments with original maturities of three months or less. |
EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 MARCH 2018 TO 29 MARCH 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL (2018 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 31 March 2018 |
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Additions |
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At 29 March 2019 |
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DEPRECIATION |
At 31 March 2018 |
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Charge for period |
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At 29 March 2019 |
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NET BOOK VALUE |
At 29 March 2019 |
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At 30 March 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
EXPERIENCE PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 02638798) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 MARCH 2018 TO 29 MARCH 2019 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 31 March 2018 |
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Profit for the period |
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Dividends | ( |
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At 29 March 2019 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the period ended 29 March 2019 and the year |
ended 30 March 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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Balance outstanding at start of period | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
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10. | RELATED PARTY DISCLOSURES |
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DLS Design Partnership Ltd |
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A company under common control |
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2019 | 2018 |
£ | £ |
Amount due from related party at the balance sheet date | 310,592 | 164,593 |
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11. | ULTIMATE CONTROLLING PARTY |
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During the year, the company was under the joint control of both its shareholders. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
EXPERIENCE PROPERTY CONSULTANTS LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Experience Property Consultants Limited for the period ended 29 March 2019 which comprise |
the Income Statement, Statement of Financial Position and the related notes from the company's accounting records |
and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Experience Property Consultants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Experience Property Consultants Limited and state those matters that we have agreed to state to the Board of Directors of Experience Property Consultants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Experience Property Consultants Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Experience Property Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Experience Property Consultants Limited. You consider that Experience Property Consultants Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Experience Property Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Russell House |
140 High Street |
Edgware |
Middlesex |
HA8 7LW |
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