S H Noar Limited 01/02/2021 iXBRL
S H Noar Limited 01/02/2021 iXBRL
Company registration number:
10536215
Unaudited filleted financial statements
S H NOAR LIMITED
Contents
Statement of financial position
Notes to the financial statements
S H NOAR LIMITED
STATEMENT OF FINANCIAL POSITION
1 FEBRUARY 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Cash at bank and in hand |
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_______ | _______ | ||||||||
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Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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_______ | _______ | ||||||||
Shareholder funds |
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_______ | _______ | ||||||||
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 October 2021
, and are signed on behalf of the board by:
Director
Company registration number:
10536215
S H NOAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 1 FEBRUARY 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Queens House, New Street, Honiton, Devon, EX14 1BJ.
Principal activity
The principal activity of the company during the yesr was to hold investments.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
).
5.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 2 February 2020 and 1 February 2021 |
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_______ | _______ | ||
Impairment | |||
At 2 February 2020 and 1 February 2021 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 1 February 2021 |
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_______ | _______ | ||
At 1 February 2020 |
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_______ | _______ | ||
6.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.