Shamidy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09908657 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

SHAMIDY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S Kelaty

F S Kelaty

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09908657 (England and Wales)

ACCOUNTANTS:

JLA (UK) Ltd

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investments

4

1

1

Investment property

5

1,579,575

1,579,575

1,579,576

1,579,576

CURRENT ASSETS

Debtors

6

1,048,777

1,048,777

Cash at bank

66,099

59,127

1,114,876

1,107,904

CREDITORS

Amounts falling due within one year

7

1,895,884

1,916,054

NET CURRENT LIABILITIES

(781,008

)

(808,150

)

TOTAL ASSETS LESS CURRENT LIABILITIES

798,568

771,426

CAPITAL AND RESERVES

Called up share capital

8

1,203

1,203

Retained earnings

797,365

770,223

SHAREHOLDERS' FUNDS

798,568

771,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2020 and were signed on its behalf by:

F S Kelaty - Director

1.	STATUTORY INFORMATION

Shamidy 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2019

and 31 March 2020

1

NET BOOK VALUE

At 31 March 2020

1

At 31 March 2019

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

1,579,575

NET BOOK VALUE

At 31 March 2020

1,579,575

At 31 March 2019

1,579,575

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

L Kelaty Loan

1,047,574

1,047,574

Directors' current accounts

1,203

1,203

1,048,777

1,048,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Amounts owed to group undertakings

1,885,167

1,885,167

Tax

6,367

26,537

Other creditors

4,350

4,350

1,895,884

1,916,054

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1

A Class Ordinary

£1

1

1

1

B Class Ordinary

£1

1

1

1

C Class Ordinary

£1

1

1

400

D Class Ordinary

£1

400

400

100

E Class Ordinary

£1

100

100

100

F Class Ordinary

£1

100

100

100

G Class Ordinary

£1

100

100

100

H Class Ordinary

£1

100

100

200

I Class Ordinary

£1

200

200

200

J Class Ordinary

£1

200

200

1,203

1,203

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company was owed £1,203 (2019: £1,203) from the directors. The directors have lent a family member a total of £1,047,573 from the company.