Seraph Leaseholdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05891677 (England and Wales)

SERAPH LEASEHOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Haig

REGISTERED OFFICE:

1 St Martin's Row

Albany Road

Cardiff

South Glamorgan

CF24 3RP

REGISTERED NUMBER:

05891677 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

3

418,173

418,173

CURRENT ASSETS

Debtors

4

5,786

6,035

Cash at bank

3,411

3,696

9,197

9,731

CREDITORS

Amounts falling due within one year

5

68,436

73,481

NET CURRENT LIABILITIES

(59,239

)

(63,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

358,934

354,423

CREDITORS

Amounts falling due after more than one year

6

339,543

339,543

NET ASSETS

19,391

14,880

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

18,391

13,880

SHAREHOLDERS' FUNDS

19,391

14,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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 director on 16th December 2019 and were signed by:

D J Haig - Director

1.	STATUTORY INFORMATION

Seraph Leaseholdings 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

in accordance with the property

Taxation

Taxation for the year 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 year 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.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1st April 2018

and 31st March 2019

418,173

NET BOOK VALUE

At 31st March 2019

418,173

At 31st March 2018

418,173

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

1,286

1,535

Seraph Estates (Cardiff)

4,500

4,500

5,786

6,035

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

20

-

Seraph Freeholdings

8,606

13,506

Directors' current accounts

56,625

56,625

Accruals and deferred income

3,185

3,350

68,436

73,481

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans more 5 yrs non-inst

339,543

339,543

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

339,543

339,543

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000

8.	RELATED PARTY DISCLOSURES

At year end the company owed the director D J Haig £56,625 (2018 - £56,625).

At year end the company was owed £4,500 (2018 - £4,500) by Seraph Estates (Cardiff) Limited; a

company under the control of D J Haig.

At year end the company owed £8,606 (2018 - £13,506) to Seraph Freeholdings Limited; a company

under the control of D J Haig.