Daycall Investments Limited
Daycall Investments Limited
Registered number: 02921189
Unaudited Financial Statements
For The Year Ended 31 March 2020
Daycall Investments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
Daycall Investments Limited
Company Information
For The Year Ended 31 March 2020
Company Information
| Director |
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| Company Number |
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| Registered Office | 1 The Farriers |
| Southrop | |
| Lechlade | |
| GL7 3RL | |
Page 1
Daycall Investments Limited
Balance Sheet
As at
31 March 2020
Balance Sheet
Registered number:
02921189
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 4 |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (678) | (678) | |||
Page 2
Daycall Investments Limited
Balance Sheet (continued)
As at
31 March 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
Daycall Investments Limited
Notes to the Financial Statements
For The Year Ended 31 March 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2018: 1)
4.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
84,190 |
| As at |
84,190 |
| Provision | |
| As at |
66,932 |
| As at |
66,932 |
| Net Book Value | |
| As at |
17,258 |
| As at |
17,258 |
The company's investments at the balance sheet date were:
(i) 100% of the ordinary shares of Apartamentos Edificio Angel SA, incorporated in Spain. Nature of business: Property Development, and (ii) a loan to Apartamentos Edificio Angel SA. The loan has been written down significantly because it is unlikely to be recovered in full.
5.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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The sole creditor is Worldtown Limited a company connected to the director
Page 4
Daycall Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2020
6.
Creditors: Amounts Falling Due After More Than One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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This represents 5% Convertible Loan Stock owned by the director and is convertible at any time into ordinary shares of £1 each.
7.
Share Capital
| 2020 | 2019 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
|
|
|
8.
Directors Advances, Credits and Guarantees
No loans were made to the director. During the year the company repaid £12,000 of loan stock which was owned by the director. Interest on the loan stock was not paid or made available to the director during the year.
During the year the Company borrowed £13,500 from Worldtown Ltd a company connected with the director on which interest is payable at 4% per annum.
9.
Related Party Transactions
The director is also a director of Worldtown Limited who repaid £12,000 of convertible loan notes to the company during the year.
10.
Ultimate Controlling Party
The company's ultimate controlling party is William Owen by virtue of his owning 100% of the Convertible Loan Stock
Page 5