7 Seafield Road Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08317053 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 4 DECEMBER 2012 TO 31 DECEMBER 2013

FOR

7 SEAFIELD ROAD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Hartfield

REGISTERED OFFICE:

3rd Floor

126-134 Baker Street

London

W1U 6UE

REGISTERED NUMBER:

08317053 (England and Wales)

ACCOUNTANTS:

Butler & Co LLP

Chartered Accountants

Third Floor

126 - 134 Baker Street

London

W1U 6UE

FIXED ASSETS

Investment property

2

656,941

CURRENT ASSETS

Debtors

27,940

CREDITORS

Amounts falling due within one year

664,207

NET CURRENT LIABILITIES

(636,267

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,674

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

20,673

SHAREHOLDERS' FUNDS

20,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were authorised for issue by the director on 2 September 2014 and were signed by:

C Hartfield - Director

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

Additions

656,941

At 31 December 2013

656,941

NET BOOK VALUE

At 31 December 2013

656,941

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, an amount of £658,108 was owed to the director.