Registered Number
:
07504347
|
For the year ended 31 January 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2017
Motive Property Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Motive Property Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
495
1,065
2
495
1,065
Trade and other receivables
|
1,320
1,856
3
67
Cash and cash equivalents
|
43
1,899
1,387
Trade and other payables
:
amounts falling due within one
|
year
|
(4,446)
(1,675)
4
(3,059)
224
Net current assets
Total assets less current liabilities
|
719
(1,994)
(94)
(213)
Provisions for liabilities
|
625
Net assets/liabilities
(2,207)
1
1
624
(2,208)
625
(2,207)
Shareholders' funds
For the year ended 31 January 2017 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 January 2017 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.
|
Mr Joe Broom-Fendley Director
|
These financial statements were approved and authorised for issue by the Board on 26 October 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 January 2017
Motive Property Limited
Notes to the Financial Statements
Statutory Information
Motive Property Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
07504347
.
|
1 The Common
Leiston
Suffolk
IP16 4UP
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
.
These are the first financial statements that comply with FRS
102
Section
1
A for small entities
.
|
The date of transition is
1
February
2015
.
|
The financial statements have been prepared under the historical costs convention as modified by the revaluation of
|
certain assets
.
|
Changes in accounting policies
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.
|
Revenue recognition
Income is recognised and measured at the fair value of the consideration received or receivable net of VAT 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
Computer equipment
Motor vehicles
Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
|
2 of 4
For the year ended 31 January 2017
Motive Property Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
2,219
1,194
750
275
-
(750)
-
(750)
275
-
1,194
1,469
Provision for depreciation and impairment
|
1,154
669
304
181
Charge for year
124
105
-
19
(304)
-
(304)
-
974
774
-
200
75
-
420
495
94
446
525
1,065
3
.
Trade and other receivables
|
2016
2017
1,320
1,320
536
-
1,320
1,856
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
1,675
4,446
5
.
Directors advances and guarantees
|
Loaned
Mr Joe Broom-Fendley
Interest free loan
536
-
536
536
-
536
The loan advance of £536 has been repaid to the company within six months after the year end date.
3 of 4
For the year ended 31 January 2017
Motive Property Limited
Notes to the Financial Statements Continued
6
.
Transition to FRS
102
|
There have been no transitional adjustments required upon adopting FRS
102
Section
1
A for small entities and
|
therefore
,
no impact on opening equity and profit for the comparative period
.
|
4 of 4