ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

SME CAPITAL FINANCE HOLDINGS LIMITED - Company Information

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Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-30No description of principal activity1true2020-10-011The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue 08062834 2020-10-01 2021-09-30 08062834 2019-10-01 2020-09-30 08062834 2021-09-30 08062834 2020-09-30 08062834 c:Director1 2020-10-01 2021-09-30 08062834 d:PlantMachinery 2020-10-01 2021-09-30 08062834 d:PlantMachinery 2021-09-30 08062834 d:PlantMachinery 2020-09-30 08062834 d:CurrentFinancialInstruments 2021-09-30 08062834 d:CurrentFinancialInstruments 2020-09-30 08062834 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 08062834 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 08062834 d:ShareCapital 2021-09-30 08062834 d:ShareCapital 2020-09-30 08062834 d:SharePremium 2021-09-30 08062834 d:SharePremium 2020-09-30 08062834 d:RetainedEarningsAccumulatedLosses 2021-09-30 08062834 d:RetainedEarningsAccumulatedLosses 2020-09-30 08062834 c:FRS102 2020-10-01 2021-09-30 08062834 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 08062834 c:FullAccounts 2020-10-01 2021-09-30 08062834 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure
Registered number: 08062834






SME CAPITAL FINANCE HOLDINGS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  30 SEPTEMBER 2021
 
SME CAPITAL FINANCE HOLDINGS LIMITED
REGISTERED NUMBER: 08062834

BALANCE SHEET
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
32
150

  
32
150

Creditors: amounts falling due within one year
 5 
(260,015)
(259,054)

Net current liabilities
  
 
 
(259,983)
 
 
(258,904)

Total assets less current liabilities
  
(259,983)
(258,904)

  

Net liabilities
  
(259,983)
(258,904)


Capital and reserves
  

Called up share capital 
  
1,053
1,053

Share premium account
  
249,947
249,947

Profit and loss account
  
(510,983)
(509,904)

  
(259,983)
(258,904)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 June 2022.



C G Poll
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1
 
SME CAPITAL FINANCE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.


General information

SME Capital Finance Holdings Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2
 
SME CAPITAL FINANCE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 October 2020
2,367



At 30 September 2021

2,367



Depreciation


At 1 October 2020
2,367



At 30 September 2021

2,367



Net book value



At 30 September 2021
-



At 30 September 2020
-

Page 3
 
SME CAPITAL FINANCE HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

5.


Creditors: Amounts falling due within one year

2021
2020
£
£

10% capital bonds
75,000
75,000

Trade creditors
960
-

Other creditors
183,105
183,105

Accruals and deferred income
950
949

260,015
259,054



6.


Transactions with directors

Included within other creditors is a balance of £183,105 (2019: £183,105). These amounts were advanced to the company by its director CG Poll. The advances ensured that the company was able to meet it's liabilities when they fell due.
CG Poll has subrogated the right to repayment of the unsecured advance behind other bona fide creditors. 

 
Page 4