Company Registration No. 8866186 (England and Wales)
Allport Properties York Ltd
Unaudited accounts
for the year ended 30 June 2021
Allport Properties York Ltd
Unaudited accounts
Contents
Allport Properties York Ltd
Company Information
for the year ended 30 June 2021
Directors
Steven Allport
Dennis Allport
Company Number
8866186 (England and Wales)
Registered Office
Flat 2
76 London Road
Tunbridge Wells
Kent
TN1 1DY
United Kingdom
Allport Properties York Ltd
Statement of financial position
as at
30 June 2021
Inventories
800,000
789,404
Cash at bank and in hand
7,256
2,233
Creditors: amounts falling due within one year
-
(1,057,506)
Net current assets/(liabilities)
821,669
(251,483)
Total assets less current liabilities
821,669
(251,483)
Creditors: amounts falling due after more than one year
(1,090,000)
-
Net liabilities
(268,331)
(251,483)
Called up share capital
100
100
Profit and loss account
(268,431)
(251,583)
Shareholders' funds
(268,331)
(251,483)
For the year ending 30 June 2021 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2021 and were signed on its behalf by
Steven Allport
Director
Company Registration No. 8866186
Allport Properties York Ltd
Notes to the Accounts
for the year ended 30 June 2021
Allport Properties York Ltd is a private company, limited by shares, registered in England and Wales, registration number 8866186. The registered office is Flat 2, 76 London Road, Tunbridge Wells, Kent, TN1 1DY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The financial statements have been prepared on a going concern basis as the shareholders have indicated thier willingness to provide support and hence the directors believe that this is the appropriate basis on which to prepare the accounts.
Inventories have been valued at the lower of cost and net realisable value. Cost includes all direct costs and and an appropriate proportion of variable overhead.
4
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
14,413
14,386
5
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
-
1,056,306
6
Creditors: amounts falling due after more than one year
2021
2020
Amounts owed to group undertakings and other participating interests
1,090,000
-
The company has two funding loans, each in the amount of £545,000 and each in respect of a completed property. The loans are from one of its shareholders Allport Investments York Limited and are repayable on the earlier of 20 years and sale of the associated property.
7
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Allport Properties York Ltd
Notes to the Accounts
for the year ended 30 June 2021
8
Transactions with related parties
During the period the company received loans from Allport Investments York Ltd, a company which has an interest in Allport Properties York Ltd by virtue of its shareholding of 50 ordinary shares.
At the balance sheet date the total loan balance was £1,090,000 (2020 - £1,056,306) comprising two loans for £545,000 in respect of two completed properties. The loans bear no interest and are repayable on the earlier of sale of the relevant property and 20 years from June 2021.
The company is controlled by the directors.
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).