K Hall Properties Ltd
Statement of financial position
as at
31 July 2020
Investment property
206,361
Cash at bank and in hand
12,135
Creditors: amounts falling due within one year
(55,929)
Net current liabilities
(43,794)
Total assets less current liabilities
162,567
Creditors: amounts falling due after more than one year
(169,071)
Called up share capital
2
Profit and loss account
(6,506)
Shareholders' funds
(6,504)
For the year ending 31 July 2020 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 18 March 2021 and were signed on its behalf by
Karen Hall
Director
Company Registration No. 12094205
K Hall Properties Ltd
Notes to the Accounts
for the year ended 31 July 2020
K Hall Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12094205. The registered office is 16 Western Park, Hawthorn, Seaham, SR7 8BF, England.
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.
These financial statements for the year ended 31 July 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investment property
2020
5
Creditors: amounts falling due within one year
2020
Bank loans and overdrafts
330
Loans from directors
55,299
6
Creditors: amounts falling due after more than one year
2020
7
Average number of employees
During the year the average number of employees was 0.