Sigma Pharmaceuticals (Europe) Limited Filleted accounts for Companies House (small and micro)
Sigma Pharmaceuticals (Europe) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01245628
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Financial statements |
year ended 30 June 2018
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Contents |
Pages |
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Officers and professional advisers |
1 |
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
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Statement of financial position |
3 to 4 |
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Notes to the financial statements |
5 to 8 |
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Officers and professional advisers |
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The Board of Directors |
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Registered Office |
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Accountants |
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Chartered accountant |
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Roxburghe House |
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273-287 Regent Street |
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London |
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W1B 2HA |
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Bankers |
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275-277 High Street |
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Hounslow |
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Middlesex |
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UAE |
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TW3 1ZA |
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Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of
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year ended 30 June 2018
Roxburghe House
273-287 Regent Street
London
W1B 2HA
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Statement of financial position |
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2018 |
2017 |
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Note |
£ |
£ |
Fixed assets
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Tangible assets |
5 |
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Investments |
6 |
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Current assets
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Statement of financial position (continued) |
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2018 |
2017 |
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Note |
£ |
£ |
Capital and reserves
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Called up share capital |
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Revaluation reserve |
9 |
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Profit and loss account |
9 |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
25 March 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
01245628
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Notes to the financial statements |
year ended 30 June 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 273-287 Regent Street, London, W1B 2HA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that effect the amounts received. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Freehold property |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tax on profit
Major components of tax expense
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2018 |
2017 |
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£ |
£ |
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Current tax:
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UK current tax expense |
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------- |
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Tax on profit |
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5.
Tangible assets
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Land and buildings |
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£ |
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Cost |
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At 1 July 2017 and 30 June 2018 |
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Depreciation |
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At 1 July 2017 |
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Charge for the year |
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At 30 June 2018 |
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Carrying amount |
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At 30 June 2018 |
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At 30 June 2017 |
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Tangible assets held at valuation
The freehold property was last revalued by the directors on 30 June 2008. The next valuation will be carried out in the year ended 30 June 2015. The directors' are of the opinion that the valuation is fair and not materially different from market value as at 30 June 2018.
6.
Investments
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Other investments other than loans |
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£ |
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Cost |
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At 1 July 2017 |
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Additions |
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Revaluations |
(
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At 30 June 2018 |
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Impairment |
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At 1 July 2017 and 30 June 2018 |
– |
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Carrying amount |
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At 30 June 2018 |
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At 30 June 2017 |
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7.
Debtors
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2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
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2018 |
2017 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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9.
Reserves
Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.
10.
Directors' advances, credits and guarantees
No directors received any advances or credits from the company.
11.
Related party transactions
No transactions were undertaken with related parties as would be required to be disclosed.
12.
Controlling party
The company was under the equal control of its three directors.