S H Noar Limited 01/02/2020 iXBRL

S H Noar Limited 01/02/2020 iXBRL

S H NOAR LIMITED - Company Information

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01/02/2020 2020-02-01 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2019-02-02 Sage Accounts Production 19.0 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 10536215 2019-02-02 2020-02-01 10536215 2020-02-01 10536215 2018-02-02 2019-02-01 10536215 2019-02-01 10536215 bus:Director1 2019-02-02 2020-02-01 10536215 core:ShareCapital 2020-02-01 10536215 core:ShareCapital 2019-02-01 10536215 core:CostValuation core:Non-currentFinancialInstruments 2020-02-01 10536215 core:Non-currentFinancialInstruments 2020-02-01 10536215 core:Non-currentFinancialInstruments 2019-02-01 10536215 bus:SmallEntities 2019-02-02 2020-02-01 10536215 bus:AuditExemptWithAccountantsReport 2019-02-02 2020-02-01 10536215 bus:FullAccounts 2019-02-02 2020-02-01 10536215 bus:SmallCompaniesRegimeForAccounts 2019-02-02 2020-02-01 10536215 bus:PrivateLimitedCompanyLtd 2019-02-02 2020-02-01
Company registration number: 10536215
S H Noar Limited
Unaudited filleted financial statements
01 February 2020
S H NOAR LIMITED
Contents
Statement of financial position
Notes to the financial statements
S H NOAR LIMITED
STATEMENT OF FINANCIAL POSITION
1 FEBRUARY 2020
2020 2019
Note £ £ £ £
Fixed assets
Investments 5 150,000 150,000
_______ _______
150,000 150,000
Current assets
Cash at bank and in hand 1 1
_______ _______
1 1
Net current assets 1 1
_______ _______
Total assets less current liabilities 150,001 150,001
_______ _______
Net assets 150,001 150,001
_______ _______
Capital and reserves
Called up share capital 150,001 150,001
_______ _______
Shareholder funds 150,001 150,001
_______ _______
For the year ending 01 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 January 2021 , and are signed on behalf of the board by:
Mr S H Noar
Director
Company registration number: 10536215
S H NOAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 1 FEBRUARY 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Queens House, New Street, Honiton, Devon, EX14 1BJ.
Principal activity
The principal activity of the company during the yesr was to hold investments.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).
5. Investments
Other investments other than loans Total
£ £
Cost
At 2 February 2019 and 1 February 2020 150,000 150,000
_______ _______
Impairment
At 2 February 2019 and 1 February 2020 - -
_______ _______
Carrying amount
At 1 February 2020 150,000 150,000
_______ _______
At 1 February 2019 150,000 150,000
_______ _______
6. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.