2020 SR Limited

2020 SR Limited

2020 SR LIMITED - Company Information

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13 August 2019 false No description of principal activity Taxfiler 2021.4 12154846business:PrivateLimitedCompanyLtd2019-08-132020-12-31 121548462019-08-12 121548462019-08-132020-12-31 12154846business:AuditExemptWithAccountantsReport2019-08-132020-12-31 12154846business:FullAccounts2019-08-132020-12-31 121548462020-12-31 12154846business:Director12019-08-132020-12-31 12154846business:RegisteredOffice2019-08-132020-12-31 12154846core:WithinOneYear2020-12-31 12154846core:AfterOneYear2020-12-31 12154846core:ShareCapital2020-12-31 12154846core:RetainedEarningsAccumulatedLosses2020-12-31 12154846business:SmallEntities2019-08-132020-12-31 12154846countries:EnglandWales2019-08-132020-12-31 12154846core:LandBuildings2019-08-12 12154846core:LandBuildings2019-08-132020-12-31 12154846core:LandBuildings2020-12-31 12154846core:AfterOneYear2019-08-132020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 12154846 (England and Wales)
2020 SR Limited Unaudited accounts for the period from 13 August 2019 to 31 December 2020
2020 SR Limited Unaudited accounts Contents
Page
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2020 SR Limited Company Information for the period from 13 August 2019 to 31 December 2020
Director
Mohammed Arif Mushtaq
Company Number
12154846 (England and Wales)
Registered Office
Oakleigh Tamworth Road Keresley End Coventry CV7 8JJ England
Accountants
Ratiobox Limited 17-19 Sawmills Road Diss IP22 4GG
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2020 SR Limited Accountants' report
Accountants' report to the director of 2020 SR Limited on the preparation of the unaudited statutory accounts for the period from 13 August 2019 to 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 2020 SR Limited for the period from 13 August 2019 to 31 December 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 2020 SR Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 2020 SR Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 2020 SR Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 2020 SR Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 2020 SR Limited. You consider that 2020 SR Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of 2020 SR 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 accounts.
Ratiobox Limited 17-19 Sawmills Road Diss IP22 4GG 12 May 2021
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2020 SR Limited Statement of financial position as at 31 December 2020
2020 
Notes
£ 
Fixed assets
Tangible assets
4
547,341 
Current assets
Cash at bank and in hand
1,585 
Creditors: amounts falling due within one year
5
(327,122)
Net current liabilities
(325,537)
Total assets less current liabilities
221,804 
Creditors: amounts falling due after more than one year
6
(328,000)
Net liabilities
(106,196)
Capital and reserves
Called up share capital
10 
Profit and loss account
(106,206)
Shareholders' funds
(106,196)
For the period ending 31 December 2020 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 May 2021 and were signed on its behalf by
Mohammed Arif Mushtaq Director Company Registration No. 12154846
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2020 SR Limited Notes to the Accounts for the period from 13 August 2019 to 31 December 2020
1
Statutory information
2020 SR Limited is a private company, limited by shares, registered in England and Wales, registration number 12154846. The registered office is Oakleigh Tamworth Road, Keresley End, Coventry, CV7 8JJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Land & Buildings do not depreciate. Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are capitalised at cost.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 13 August 2019
- 
Additions
547,341 
At 31 December 2020
547,341 
Depreciation
At 31 December 2020
- 
Net book value
At 31 December 2020
547,341 
5
Creditors: amounts falling due within one year
2020 
£ 
Trade creditors
43,574 
Amounts owed to group undertakings and other participating interests
282,348 
Accruals
1,200 
327,122 
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2020 SR Limited Notes to the Accounts for the period from 13 August 2019 to 31 December 2020
6
Creditors: amounts falling due after more than one year
2020 
£ 
Bank loans
50,000 
Other creditors
103,000 
Non-equity preference shares
175,000 
328,000 
The other creditor balance of £103,000 reflects a loan secured by a fixed and floating charge over the company's assets. The non-equity preference shares, which were issued at par are to be paid a fixed cumulative preferential dividend in prority to any payment of dividend to the holders of any other class of shares but has no right to receive notice of or to attend or vote at any general meeting of the company.
7
Controlling party
The ultimate controlling party is 2020 Group UK Holdings Limited, registered office address and place of business of Oakleigh Tamworth Road, Keresley End, Coventry, United Kingdom, CV7 8JJ
8
Average number of employees
During the period the average number of employees was 0.
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