Sedona Design and Development Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01076890 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

Sedona Design and Development Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A G Walker

SECRETARY:

J Walker

REGISTERED OFFICE:

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

BUSINESS ADDRESS:

Crossways

Smugglers Lane

Furzehill

Wimborne

Dorset

BH21 4HB

REGISTERED NUMBER:

01076890 (England and Wales)

ACCOUNTANTS:

Ward Goodman

Chartered Accountants

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

FIXED ASSETS

Tangible assets

4

5,000

-

Investment property

5

168,355

-

173,355

-

CURRENT ASSETS

Debtors

35,206

-

Prepayments and accrued income

518

-

Cash at bank

530,163

773,913

565,887

773,913

CREDITORS

Amounts falling due within one year

50,052

57,541

NET CURRENT ASSETS

515,835

716,372

TOTAL ASSETS LESS CURRENT LIABILITIES

689,190

716,372

ACCRUALS AND DEFERRED INCOME

4,068

17,692

NET ASSETS

685,122

698,680

CAPITAL AND RESERVES

Called up share capital

100

67

Capital redemption reserve

-

33

Retained earnings

685,022

698,580

SHAREHOLDERS' FUNDS

685,122

698,680

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2020 and were signed by:

A G Walker - Director

1.	STATUTORY INFORMATION

Sedona Design and Development Ltd 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 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 each asset over its estimated useful life.

Improvements to property

-

Straight line over 6 years

Improvements to property are to be depreciated over a period of six years which relates to the lease arrangement

of the investment property. No depreciation is present in these accounts as the improvements were made towards

to the end of the financial year and the property was not available for rental at this point.

The director does not see that depreciation would be material and given it is linked to investment property, a

decision was taken to commence depreciation in the following accounting year at which point investment

property can be re-measured at fair value. The improvements are not material so as to affect the fair value of the

investment property, rather enabling it to be suitable for rental purposes. The director therefore considers it

appropriate that the useful life of the improvements be restricted to the six year initial lease on the property.

Investment property

Investment property is held at fair value. Changes in fair value are recognised through the profit and loss

account and credited to non-distributable reserves. Unrealised gains are not subject to corporation tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

5,000

At 31 October 2019

5,000

NET BOOK VALUE

At 31 October 2019

5,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

168,355

At 31 October 2019

168,355

NET BOOK VALUE

At 31 October 2019

168,355

6.	OTHER FINANCIAL COMMITMENTS

There were no financial commitments, contingencies or guarantees made on behalf of the director, Mr A G

Walker.

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There were no advances during the financial year to the director, Mr A G Walker.

Interest was charged to the company on the credit balance of the loan at a rate of 4.5% per annum and totalled

£2,712 (2018 - £2,575) in the financial year. The loan is unsecured and repayable on demand.