Paxtons Estate Agents (Sales) Limited
|
Registered Number
:
08776482
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
Paxtons Estate Agents (Sales) Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
203
1,261
2
203
1,261
Trade and other receivables
|
20,561
20,417
3
24,124
Cash and cash equivalents
|
16,164
36,581
44,685
Trade and other payables
:
amounts falling due within one
|
year
|
(7,506)
(11,005)
4
37,179
25,576
Net current assets
Total assets less current liabilities
|
25,779
38,440
Trade and other payables
:
amounts falling due after more
|
than one year
|
(30,000)
(30,000)
5
(4,221)
Net assets/liabilities
8,440
1
1
49,999
49,999
(54,221)
(41,560)
(4,221)
8,440
Shareholders' funds
For the year ended 31 March 2018 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 March 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their 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 applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 25 April 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2018
Paxtons Estate Agents (Sales) Limited
Notes to the Financial Statements
Statutory Information
Paxtons Estate Agents
(
Sales
)
Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
08776482
.
|
10 Castell Close
Hilperton
Trowbridge
Wiltshire
BA14 7UJ
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:
|
Plant and machinery
Fixtures and fittings
2
.
Property
,
plant and equipment
|
3,565
482
3,083
3,083
482
3,565
Provision for depreciation and impairment
|
2,304
249
2,055
Charge for year
1,058
121
937
3,362
370
2,992
91
112
203
1,028
233
1,261
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For the year ended 31 March 2018
Paxtons Estate Agents (Sales) Limited
Notes to the Financial Statements Continued
3
.
Trade and other receivables
|
2017
2018
7,517
5,585
Taxation and social security
|
-
76
12,900
14,900
20,561
20,417
The debtors above include the following amounts falling due after more than one year
:
|
6,900
6,900
Other debtors include rent prepayment of £6,900 (2017: £6,900).
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
5,257
4,399
Taxation and social security
|
4,698
2,057
Accruals and deferred income
|
1,050
1,050
11,005
7,506
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
30,000
30,000
Creditors falling due in more than one year includes £30,000 (2017: £30,000) loan from Mr R Haddow.
6
.
Related party transactions
|
Paxtons Estate Agents
(
Lettings
)
Limited
|
The company charged rent of £
8
,
000
(
2017
:
£
10
,
000
)
to Paxtons Estate Agents
(
Lettings
)
Limited
.
Mr R Haddow
|
owns
100
%
of the shares in Paxtons Estate Agents
(
Sales
)
Limited and
50
%
of the shares in Paxtons Estate Agents
|
(
Lettings
)
Limited
.
The Director
,
Mr P Horwood
,
is a Director of Paxtons
(
Lettings
)
Limited
.
|
Mr R haddow is a shareholder in the company and has provided a long term loan to the company of £
30
,
000
(
2017
:
|
7
.
Average number of persons employed
|
During the year the average number of employees was 4 (2017 : 2)
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