Sadie Lou Ltd - Accounts to registrar (filleted) - small 18.2

Sadie Lou Ltd - Accounts to registrar (filleted) - small 18.2

SADIE LOU LTD - Company Information

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IRIS Accounts Production v20.3.4.1 09278068 Board of Directors 1.4.19 31.3.20 31.3.20 false true false false true false Fair value model A Class Ordinary 1.00000 B Class Ordinary 1.00000 C Class Ordinary 1.00000 D Class Ordinary 1.00000 E Class Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure092780682019-03-31092780682020-03-31092780682019-04-012020-03-31092780682018-03-31092780682018-04-012019-03-31092780682019-03-3109278068ns16:EnglandWales2019-04-012020-03-3109278068ns15:PoundSterling2019-04-012020-03-3109278068ns11:Director12019-04-012020-03-3109278068ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3109278068ns11:SmallEntities2019-04-012020-03-3109278068ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-3109278068ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3109278068ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3109278068ns11:AbridgedAccounts2019-04-012020-03-3109278068ns11:OrdinaryShareClass12019-04-012020-03-3109278068ns11:OrdinaryShareClass22019-04-012020-03-3109278068ns11:OrdinaryShareClass32019-04-012020-03-3109278068ns11:OrdinaryShareClass42019-04-012020-03-3109278068ns11:OrdinaryShareClass52019-04-012020-03-3109278068ns11:Director22019-04-012020-03-3109278068ns11:RegisteredOffice2019-04-012020-03-3109278068ns6:CurrentFinancialInstruments2020-03-3109278068ns6:CurrentFinancialInstruments2019-03-3109278068ns6:Non-currentFinancialInstruments2020-03-3109278068ns6:Non-currentFinancialInstruments2019-03-3109278068ns6:ShareCapital2020-03-3109278068ns6:ShareCapital2019-03-3109278068ns6:FurtherSpecificReserve3ComponentTotalEquity2020-03-3109278068ns6:FurtherSpecificReserve3ComponentTotalEquity2019-03-3109278068ns6:RetainedEarningsAccumulatedLosses2020-03-3109278068ns11:OrdinaryShareClass12020-03-3109278068ns11:OrdinaryShareClass22020-03-3109278068ns11:OrdinaryShareClass32020-03-3109278068ns11:OrdinaryShareClass42020-03-3109278068ns11:OrdinaryShareClass52020-03-31
REGISTERED NUMBER: 09278068 (England and Wales)











Financial Statements

for the Year Ended 31 March 2020

for

SADIE LOU LTD
SADIE LOU LTD (REGISTERED NUMBER: 09278068)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SADIE LOU LTD

Company Information
for the Year Ended 31 March 2020







DIRECTORS: Mrs J Leviton
Mr B S Leviton





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09278068 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY
Page 1
SADIE LOU LTD (REGISTERED NUMBER: 09278068)

Abridged Balance Sheet
31 March 2020

31.3.20 31.3.19
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 1
Investment property 5 1,228,166 881,493
1,228,168 881,494

CURRENT ASSETS
Debtors 268,697 335,240
Cash at bank 21,082 2,988
289,779 338,228
CREDITORS
Amounts falling due within one year 122,172 187,363
NET CURRENT ASSETS 167,607 150,865
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,395,775
1,032,359

CREDITORS
Amounts falling due after more than one year 6 (867,686 ) (651,855 )

PROVISIONS FOR LIABILITIES (34,001 ) (23,072 )
NET ASSETS 494,088 357,432

CAPITAL AND RESERVES
Called up share capital 7 398 398
Non distributable reserves 198,425 151,831
Retained earnings 295,265 205,203
SHAREHOLDERS' FUNDS 494,088 357,432

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 notes form part of these financial statements

Page 2 continued...
SADIE LOU LTD (REGISTERED NUMBER: 09278068)

Abridged Balance Sheet - continued
31 March 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 March 2021 and were signed on its behalf by:





Mr B S Leviton - Director


The notes form part of these financial statements

Page 3
SADIE LOU LTD (REGISTERED NUMBER: 09278068)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Sadie Lou Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable. Rental income is recognised evenly over the lease term.

Investments in associates
Investments in associate 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.

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 2 (2019 - 2 ) .

Page 4 continued...
SADIE LOU LTD (REGISTERED NUMBER: 09278068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2019 1
Additions 1
At 31 March 2020 2
NET BOOK VALUE
At 31 March 2020 2
At 31 March 2019 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019 881,493
Additions 289,149
Revaluations 57,524
At 31 March 2020 1,228,166
NET BOOK VALUE
At 31 March 2020 1,228,166
At 31 March 2019 881,493

Fair value at 31 March 2020 is represented by:

£   
Valuation in 2017 174,902
Valuation in 2019 57,524
Cost 995,740
1,228,166

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.3.20 31.3.19
as restated
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 867,686 651,855

Page 5 continued...
SADIE LOU LTD (REGISTERED NUMBER: 09278068)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.20 31.3.19
value: as restated
£    £   
1 A Class Ordinary £1 1 1
1 B Class Ordinary £1 1 1
99 C Class Ordinary £1 99 99
99 D Class Ordinary £1 99 99
99 E Class Ordinary £1 99 99
99 F Class Ordinary £1 99 99
398 398

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in debtors due within one year is £25,702 (2019: £44,227), due to the directors. The amount is interest free and repayable on demand.

As at the balance sheet date, included in debtors due within one year is £140,392 (2019: £130,511), due and payable from Milton Connect Limited, and company in which there is common directorship.

As at the balance sheet date, included in creditors due within one year is £73,104 (2019: £73,104) and £19,182 (2019: £8,367), due and payable to Rent Connect Housing Limited and Quadelle Limited, companies in which there is common directorship.

Page 6