SVVD Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10853694 (England and Wales)

SVVD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

6 JULY 2017 TO 31 DECEMBER 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Dr S Kandikattu

Dr S V V D Siddabattuni

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BUSINESS ADDRESS:

4 The Retreat

Maxey

Peterborough

PE6 9ET

REGISTERED NUMBER:

10853694 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

FIXED ASSETS

Investment property

4

418,013

CURRENT ASSETS

Cash at bank

6,169

CREDITORS

Amounts falling due within one year

5

(194,178

)

NET CURRENT LIABILITIES

(188,009

)

TOTAL ASSETS LESS CURRENT LIABILITIES

230,004

CREDITORS

Amounts falling due after more than one year

6

(229,169

)

NET ASSETS

835

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

735

SHAREHOLDERS' FUNDS

835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 1 April 2019 and were signed on its behalf by:

Dr S V V D Siddabattuni - Director

Dr S Kandikattu - Director

1.	STATUTORY INFORMATION

SVVD Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

At the balance sheet date the company had net current liabilities of £188,009. Net liabilities includes amounts

owing to the directors of £113,033.

The directors of SVVD Limited consider the financial statements should be prepared on a going concern basis

because:

- they have given an undertaking not to withdraw funds they have lent to the company to the extent that it

would prejudice the company's ability to continue as a going concern.

- in their opinion, the company's banker will continue to support the company for the foreseeable future.

- in their opinion, the company will achieve profitability in future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the period end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INVESTMENT PROPERTY

Total

£

COST

Additions

418,013

At 31 December 2018

418,013

NET BOOK VALUE

At 31 December 2018

418,013

The company purchased the freehold investment property on 23 November 2017. In the opinion of the

directors at 31 December 2018 the open market value of the freehold investment property was not

significantly different to this valuation.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation

216

Other creditors

79,909

Directors' current accounts

113,033

Accrued expenses

1,020

194,178

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yrs non-inst

229,169

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

229,169

7.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

229,169

The Bank Loan is secured on a charge over the investment property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100