Accounts filed on 31-10-2020


ACCOUNTS
FOR THE YEAR ENDED 31/10/2020





DIRECTORS
Naftaly Schneebalg
Ekiva Katz


REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07397190



BANKERS
Santander



SOLICITORS
Waller Pollins



ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL


ACCOUNTS
FOR THEYEARENDED31/10/2020



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/10/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Tangible assets			1,000,000		1,000,000

CURRENT ASSETS
Cash at bank and in hand		15,641		8,567
		15,641		8,567
CREDITORS: Amounts falling due within one year	3	568,564		559,239
NET CURRENT LIABILITIES			(552,923)		(550,672)
TOTAL ASSETS LESS CURRENT LIABILITIES			447,077		449,328


CREDITORS: Amounts falling due after more than one year	4		200,958		208,334


PROVISIONS FOR LIABILITIES AND CHARGES	6		38,000		38,000

NET ASSETS			208,119		202,994

CAPITAL AND RESERVES

Called up share capital	7		1		1
Profit and loss account			208,118		202,993
SHAREHOLDERS' FUNDS			208,119		202,994

For the year ending 31/10/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 28/04/2021 and signed on their behalf by



.............................
Ekiva Katz
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the FRS102. This departure from Companies Act requirements is necessary to show a true and fair view.




3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
PAYE control	272	16
Bank Loan	7,000	6,500
Other creditors	559,534	548,483
Accruals	1,758	4,240
	568,564	559,239




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Bank loans (secured) >1yr	200,958	208,334
	200,958	208,334




7. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
	1	1




8. CONTROLLING PARTY
The company is controlled by N Schneebalg, the director, by virtue of the fact that he owns 100% of the company's issued and called up voting share capital.

9. RELATED PARTY TRANSACTIONS

During the year, certain loans were advanced to the company by one of the directors, E. Katz. The loan is interest free and repayable on demand. The balance owed by the company at the year end totalled £559,534 (2019: £544,283).