S11 Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09488523 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st August 2020

for

S11 Developments Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Anderson

K Hatfield

SECRETARY:

REGISTERED OFFICE:

Suite 2 Sheffield Design Studios

Lion Works

40 Ball Street

Sheffield

S3 8DB

REGISTERED NUMBER:

09488523 (England and Wales)

ACCOUNTANTS:

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

CURRENT ASSETS

Debtors

1,214,411

1,195,921

Cash at bank and in hand

62,969

6,529

1,277,380

1,202,450

CREDITORS

Amounts falling due within one year

8,945

6,841

NET CURRENT ASSETS

1,268,435

1,195,609

TOTAL ASSETS LESS CURRENT LIABILITIES

1,268,435

1,195,609

CREDITORS

Amounts falling due after more than one year

4

47,400

-

NET ASSETS

1,221,035

1,195,609

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,221,033

1,195,607

1,221,035

1,195,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 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 27th May 2021 and were signed on its behalf by:

C J Anderson - Director

1.	STATUTORY INFORMATION

S11 Developments Limited 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.

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.

Going Concern

The directors have considered the potential impact of COVID-19 on the principal activities of the business and they believe that they have sufficient resources in place to operate for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/8/20

31/8/19

£

£

Repayable by instalments

Bank loans more 5 yr by instal

6,652

-

5.	RELATED PARTY DISCLOSURES

Included within debtors is £666,604 due from Blenheim Land & Property Ltd and £144,812 from Ecclesfield 35 Ltd.

6.

COVID-19

The UK continues to be impacted by the outbreak of COVID-19. In order to manage the spread of the virus the Government has imposed significant restrictions on the movement of people and the ability of businesses to continue to trade.

The Directors acknowledge the increasing risk from COVID-19 and have sought to mitigate their risk by carrying out a thorough review of the business as discussed below:

Government assistance

The business has taken advantage of the government grants scheme