Somerlee Group Limited - Accounts to registrar (filleted) - small 18.2

SOMERLEE GROUP LIMITED

Financial Statements

for the Year Ended 31 May 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C N Wimborne

D C Wimborne

N C Wimborne

Secretary:

D C Wimborne

Registered office:

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Registered number:

00701140

Accountants:

Haines Watts

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

3

116

155

Current assets

Cash at bank and in hand

2,941

3,183

Creditors

Amounts falling due within one year

4

29,100

28,600

Net current liabilities

(26,159

)

(25,417

)

Total assets less current liabilities

(26,043

)

(25,262

)

Capital and reserves

Called up share capital

5

1,000

1,000

Retained earnings

6

(27,043

)

(26,262

)

Shareholders' funds

(26,043

)

(25,262

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 November 2020 and were signed on its behalf by:

C N Wimborne - Director

1.	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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Going concern

The financial statements have been prepared on a going concern basis, which is dependent upon the company's creditors' continuing to provide the necessary facilities to enable the company to continue in operation for the foreseeable future.

2.	Employees and directors

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

3.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 June 2019

and 31 May 2020

10,340

Depreciation

At 1 June 2019

10,185

Charge for year

39

At 31 May 2020

10,224

Net book value

At 31 May 2020

116

At 31 May 2019

155

4.

Creditors: amounts falling due within one year

2020

2019

£

£

Other creditors

29,100

28,600

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

6.

Reserves

Retained

earnings

£

At 1 June 2019

(26,262

)

Deficit for the year

(781

)

At 31 May 2020

(27,043

)

7.	Related party disclosures

At the balance sheet date, the company owed £28,500 (2019: £28,000) to related companies under common ownership.