ACCOUNTS - Final Accounts

ESPANA DEVELOPMENTS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31falseThe principal activity of the company continued to be that of an investment holding company.false2021-01-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11 04917812 2021-01-01 2021-12-31 04917812 2020-01-01 2020-12-31 04917812 2021-12-31 04917812 2020-12-31 04917812 c:Director1 2021-01-01 2021-12-31 04917812 d:CurrentFinancialInstruments 2021-12-31 04917812 d:CurrentFinancialInstruments 2020-12-31 04917812 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04917812 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 04917812 d:ShareCapital 2021-12-31 04917812 d:ShareCapital 2020-12-31 04917812 d:RetainedEarningsAccumulatedLosses 2021-12-31 04917812 d:RetainedEarningsAccumulatedLosses 2020-12-31 04917812 c:FRS102 2021-01-01 2021-12-31 04917812 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 04917812 c:FullAccounts 2021-01-01 2021-12-31 04917812 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04917812 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 04917812

ESPANA DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

ESPANA DEVELOPMENTS LIMITED

REGISTERED NUMBER: 04917812

BALANCE SHEET

AS AT 31 DECEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments	3		1,556,986		1,579,243
			1,556,986		1,579,243

Creditors: amounts falling due within one year	4	(2,233,800)		(2,231,500)
Net current liabilities			(2,233,800)		(2,231,500)
Total assets less current liabilities			(676,814)		(652,257)

Net liabilities			(676,814)		(652,257)

Capital and reserves
Called up share capital	1,357	1,357
Profit and loss account	(678,171)	(653,614)
	(676,814)	(652,257)

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 comprehensive income 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 19 November 2022.

................................................

Peter Leighton

Director

The notes on pages 3 to 4 form part of these financial statements.

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ESPANA DEVELOPMENTS LIMITED

REGISTERED NUMBER: 04917812

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2021

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ESPANA DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Espana Developments Limited is a private company limited by share capital, incorporated in England and Wales, Registration number 04917812. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis as the shareholder has indicated that they will not recall the loan, if doing so, would cause the company financial difficulity and will provide further financial support to the company.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5

Group accounts

The financial statements present information about the company as individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small- sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 to prepare Group accounts.

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ESPANA DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

3.	Fixed asset investments

	Shares in group undertaking s and participating interests	Loan to group undertaking s and participating interests	Total
	£	£	£
Cost or valuation
At 1 January 2021	750,300	1,437,806	2,188,106
At 31 December 2021	750,300	1,437,806	2,188,106
Impairment
At 1 January 2021	608,863	-	608,863
Charge for the period	22,257	-	22,257
At 31 December 2021	631,120	-	631,120
Net book value
At 31 December 2021	119,180	1,437,806	1,556,986
At 31 December 2020	141,437	1,437,806	1,579,243

4.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Shareholder loan	2,233,800	2,231,500
	2,233,800	2,231,500

5.	Related party transactions
	At the balance sheet date, the amount due to the shareholder was €2,233,800 ( 2021: €2,231,500). This loan is interest free, unsecured and repayable on demand.

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