SERVICED LAND FINANCE COMPANY LIMITED

SERVICED LAND FINANCE COMPANY LIMITED

SERVICED LAND FINANCE COMPANY LIMITED - Company Information

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SERVICED LAND FINANCE COMPANY LIMITED

Company Registration Number:
06158999 (England and Wales)

Unaudited abridged accounts for the year ended 05 October 2020

Period of accounts

Start date: 06 April 2019

End date: 05 October 2020

SERVICED LAND FINANCE COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 05 October 2020

Balance sheet
Notes

SERVICED LAND FINANCE COMPANY LIMITED

Balance sheet

As at 05 October 2020


Notes
18 months to 5 October 2020
2019


£
£
Current assets
Debtors:   0 6,150,269
Cash at bank and in hand: 784,321 47,118
Total current assets: 784,321 6,197,387
Creditors: amounts falling due within one year:   (761,114) (25,290)
Net current assets (liabilities): 23,207 6,172,097
Total assets less current liabilities: 23,207 6,172,097
Creditors: amounts falling due after more than one year:   0 (6,150,269)
Total net assets (liabilities): 23,207 21,828
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 23,206 21,827
Shareholders funds: 23,207 21,828

The notes form part of these financial statements

SERVICED LAND FINANCE COMPANY LIMITED

Balance sheet statements

For the year ending 5 October 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 May 2021
and signed on behalf of the board by:

Name: M Jones
Status: Director

The notes form part of these financial statements

SERVICED LAND FINANCE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 05 October 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SERVICED LAND FINANCE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 05 October 2020

2. Employees

18 months to 5 October 2020 2019
Average number of employees during the period 1 1

SERVICED LAND FINANCE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 05 October 2020

3. Debtors

2019
£
Debtors due after more than one year: 6,150,269

SERVICED LAND FINANCE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 05 October 2020

4. Financial commitments

The company had no capital commitments at 5 October 2020 (2019: £Nil).

SERVICED LAND FINANCE COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 05 October 2020

5. Related party transactions

Name of the related party: Serviced Land No 2 JV LP
Relationship:
Director in common
Description of the Transaction: Repayment of loan
£
Balance at 06 April 2019 6,150,269
Balance at 05 October 2020 0
Name of the related party: UK Serviced Land Nominee One Limited and UK Serviced Land Nominee Two Limited
Relationship:
Director in common
Description of the Transaction: Repayment of loan
£
Balance at 06 April 2019 6,150,269
Balance at 05 October 2020 731,114

The Serviced Land Co-ownership is a co-ownership of Irish individuals formed for the purposes of investing in Serviced Land Finance Company by way of acquisition of certain loan notes issued by the Company. The Co-ownership also has an equity interest in Serviced Land No.2 JV LP, the entity in which the company has invested in by way of acquisition of certain loan notes issued by the LP.