SV BUDE DEVELOPMENT LTD - Accounts

SV BUDE DEVELOPMENT LTD - Accounts

SV BUDE DEVELOPMENT LTD - Company Information

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Registered Number: 10223932


 

 

 

SV BUDE DEVELOPMENT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

SV BUDE DEVELOPMENT LTD
Contents Page
For the year ended 31 March 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership)
31 March 2020



....................................................
EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership)
MCR Building
101 Lockhurst lane
Coventry
CV6 5SF
06 October 2020
1
 
 		 Notes
 		 2020
£
Fixed assets    
Tangible fixed assets 2 3,275,332 
3,275,332 
Current assets    
Debtors: amounts falling due within one year 100 
Cash at bank and in hand 6,187 
6,287 
Creditors: amount falling due within one year (144,950)
Net current assets (138,663)
 
Total assets less current liabilities 3,136,669 
Creditors: amount falling due after more than one year (2,649,729)
Net assets 486,940 
 

Capital and reserves 		   
Called up share capital 3 134 
Share premium account 999,966 
Profit and loss account (513,160)
Shareholders funds 486,940 
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 06 October 2020 and were signed on its behalf by:


--------------------------------
Archino Faried Afzal Ali CHEDIE
Director
2
General Information
SV BUDE DEVELOPMENT LTD is a private company, limited by shares, registered in , registration number 10223932, registration address HOLLY BUSH INN, UPPER BOND STREET HINCKLEY, Hinckely, LE10 1RH

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Tangible fixed assets
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 5 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 April 2019 3,269,500    9,394    3,278,894 
Additions -    -    - 
Disposals -    -    - 
At 31 March 2020 3,269,500    9,394    3,278,894 
Depreciation
At 01 April 2019 -    1,683    1,683 
Charge for year -    1,879    1,879 
On disposals -    -    - 
At 31 March 2020 -    3,562    3,562 
Net book values
Closing balance as at 31 March 2020 3,269,500    5,832    3,275,332 
Opening balance as at 01 April 2019 3,269,500    7,711    3,277,211 


3.

Share Capital

Allotted
2020
£
34 Class A shares of £1.00 each 34 
34 

3