7 Seafield Road Limited - Limited company - abbreviated - 11.6
7 Seafield Road Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 December 2014 |
| for |
| 7 SEAFIELD ROAD LIMITED |
| 7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
| Contents of the Abbreviated Accounts |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 4 |
| 7 SEAFIELD ROAD LIMITED |
| Company Information |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
| Abbreviated Balance Sheet |
| 31 DECEMBER 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were authorised for issue by the director on |
| 7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
| Notes to the Abbreviated Accounts |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents rents receivable net of Value Added Tax. Rent is recognised for the period for which it is |
| due. |
| Investment property |
| The investment property is included in the balance sheet at its open market value in accordance with the |
| Financial Reporting Standards for Smaller Entities. The change in value of the investment property resulting in a |
| material surplus or deficit are disclosed as a movement on the Investment Revaluation Reserve. No depreciation |
| is provided on the investment property. This is a departure from the Companies Act, however in the opinion of |
| the director, this policy is required to give a true and fair view, since the depreciation cannot be accurately |
| quantified and will be reflected in the periodic valuation. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| and 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| As at the balance sheet date, an amount of £648,029 (2013 £658,108) was owed to the director. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| 7 Seafield Road Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of 7 Seafield Road Limited for the year ended 31 December 2014 which comprise the Profit and |
| Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the director of 7 Seafield Road Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 7 Seafield Road Limited and state those matters that we have agreed to state to the director of 7 Seafield Road Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that 7 Seafield Road Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 7 Seafield Road Limited. You consider that 7 Seafield Road Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of 7 Seafield Road Limited. For |
| this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
| you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 3 September 2015 |