Sensations Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03433088

Financial Statements for the Year Ended 31 January 2020

for

Sensations Holdings Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J C Smith

Ms C M E Smith

REGISTERED OFFICE:

DVS House

Suite 1, First Floor

4 Spring Villa Road

Edgware

Middlesex

HA8 7EB

REGISTERED NUMBER:

03433088

ACCOUNTANTS:

Newmans

Chartered Certified Accountants

DVS House

Suite 1, First Floor

4 Spring Villa Road

Edgware

Middlesex

HA8 7EB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sensations Holdings Limited for the year ended 31 January 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sensations Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sensations Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Sensations Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sensations Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sensations Holdings Limited. You consider that Sensations Holdings 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 financial statements of Sensations Holdings 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 financial statements.

Newmans

Chartered Certified Accountants

DVS House

Suite 1, First Floor

4 Spring Villa Road

Edgware

Middlesex

HA8 7EB

6 January 2021

FIXED ASSETS

Tangible assets

4

1

Investments

5

1,495,000

1,164,000

1,495,001

1,164,001

CURRENT ASSETS

Debtors

6

76,117

55,186

Cash at bank

19,853

17,631

95,970

72,817

CREDITORS

Amounts falling due within one year

7

22,143

24,570

NET CURRENT ASSETS

73,827

48,247

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,568,828

1,212,248

CREDITORS

Amounts falling due after more than one year

8

151,835

129,051

NET ASSETS

1,416,993

1,083,197

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

9

1,395,000

1,064,000

Retained earnings

9

20,993

18,197

SHAREHOLDERS' FUNDS

1,416,993

1,083,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 6 January 2021 and were signed on its behalf by:

J C Smith - Director

1.	STATUTORY INFORMATION

Sensations Holdings Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Plant and machinery etc

-

25% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2019

and 31 January 2020

1,763

DEPRECIATION

At 1 February 2019

and 31 January 2020

1,762

NET BOOK VALUE

At 31 January 2020

1

At 31 January 2019

1

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.1.20

31.1.19

£

Opening market value

676,862

Revaluation

818,138

487,138

1,495,000

1,164,000

The fixed asset investments represents 1 Golden Eagle Bond. Each bond holds 1000 U.S. Gold Coins.

The bond is held to the order of the company by its bankers Coutts & Co.

The bonds are revalued at market value by the current prices stated on the Gold Bullion Market.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

Trade debtors

76,117

55,186

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

Taxation and social security

691

3,118

Other creditors

21,452

22,143

24,570

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.20

31.1.19

£

Other creditors

151,835

129,051

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 February 2019

18,197

1,064,000

1,082,197

Profit for the year

2,796

Revaluation during the year

-

331,000

At 31 January 2020

20,993

1,395,000

1,415,993

10.	RELATED PARTY DISCLOSURES

At the balance sheet date £151,836 (2019: £129,051) was owed to the director of the company Mr J C Smith.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director Mr J C Smith by virtue of his majority shareholding.

Sensations Holdings Limited - Accounts to registrar (filleted) - small 18.2

Sensations Holdings Limited - Accounts to registrar (filleted) - small 18.2