Santura Limited - Period Ending 2019-12-31

Registration number: 01698378

Santura Limited

Unaudited Abridged Financial Statements

(Companies House Version)

for the Year Ended 31 December 2019

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

Santura Limited

Contents

Accountants' Report	1
Abridged Balance Sheet	2 to 3
Notes to the Abridged Financial Statements	4 to 5

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Santura Limited
for the Year Ended 31 December 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Santura Limited for the year ended 31 December 2019 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Santura Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Santura Limited and state those matters that we have agreed to state to the Board of Directors of Santura Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Santura Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Santura Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Santura Limited. You consider that Santura Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Santura Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

18 September 2020

Page 1

Santura Limited

(Registration number: 01698378)
Abridged Balance Sheet as at 31 December 2019

	Note	2019 £		2018 £
Fixed assets
Investment property	5		252,821		252,821
Current assets
Debtors		-		24
Cash at bank and in hand		684		850
		684		874
Creditors: Amounts falling due within one year		(283,549)		(265,132)
Net current liabilities			(282,865)		(264,258)
Net liabilities			(30,044)		(11,437)
Capital and reserves
Called up share capital		50,000		50,000
Capital redemption reserve		3		3
Profit and loss account		(80,047)		(61,440)
Total equity			(30,044)		(11,437)

The notes on pages 4 to 5 form an integral part of these abridged financial statements.

Page 2

Santura Limited

(Registration number: 01698378)
Abridged Balance Sheet as at 31 December 2019

For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her 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 to the Registrar in accordance with the provisions applicable to companies subject to the small companies' regime and the directors have not delivered to the Registrar a copy of the company's profit and loss account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 September 2020
 

.........................................

Mrs Y A Hopcroft

Director

The notes on pages 4 to 5 form an integral part of these abridged financial statements.

Page 3

Santura Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2019

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
1 Europa View
Loughborough Rd
West Bridgford
Nottingham
NG11 6FG

These financial statements were authorised for issue by the director on 18 September 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

At the balance sheet date, the company had net current liabilities of £282,865 (2018: £264,258) and net liabilities of £30,044 (2018: £11,437). The accounts have been prepared on a going concern basis due to the continued financial support from the shareholder/director of the company.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Page 4

Santura Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2019

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

During the year, the average number of employees at the company was 0 (2018 - 0).

4	Tangible assets

	Office equipment  £	Total £
Cost or valuation
At 1 January 2019	1,795	1,795
At 31 December 2019	1,795	1,795
Depreciation
At 1 January 2019	1,795	1,795
At 31 December 2019	1,795	1,795
Carrying amount
At 31 December 2019	-	-

5	Investment properties

	2019 £
At 1 January	252,821
At 31 December	252,821

The fair value of the investment property has been determined with reference to current market value.

Page 5