Seven Realty Ltd - Accounts to registrar (filleted) - small 23.2.5

Seven Realty Ltd - Accounts to registrar (filleted) - small 23.2.5

SEVEN REALTY LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v23.2.0.158 04992225 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049922252021-12-31049922252022-12-31049922252022-01-012022-12-31049922252020-12-31049922252021-01-012021-12-31049922252021-12-3104992225ns10:Originalns15:EnglandWales2022-01-012022-12-3104992225ns10:Originalns14:Euro2022-01-012022-12-3104992225ns10:Originalns10:Director12022-01-012022-12-3104992225ns10:Original2022-01-012022-12-3104992225ns10:Original2022-12-3104992225ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3104992225ns10:Originalns10:SmallEntities2022-01-012022-12-3104992225ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3104992225ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3104992225ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3104992225ns10:Originalns10:FullAccounts2022-01-012022-12-3104992225ns10:Originalns10:RegisteredOffice2022-01-012022-12-3104992225ns10:Original2021-12-3104992225ns10:Originalns5:CurrentFinancialInstruments2022-12-3104992225ns10:Originalns5:CurrentFinancialInstruments2021-12-3104992225ns5:ShareCapitalns10:Original2022-12-3104992225ns5:ShareCapitalns10:Original2021-12-3104992225ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3104992225ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3104992225ns10:Original2021-01-012021-12-3104992225ns10:Originalns5:CostValuation2021-12-31
REGISTERED NUMBER: 04992225 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SEVEN REALTY LTD
SEVEN REALTY LTD (REGISTERED NUMBER: 04992225)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SEVEN REALTY LTD

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: J P Lluvia





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 04992225 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY
Page 1
SEVEN REALTY LTD (REGISTERED NUMBER: 04992225)

STATEMENT OF FINANCIAL POSITION
31 December 2022

31.12.22 31.12.21
Notes €    €    €    €   
FIXED ASSETS
Investments 4 820,215 820,215

CURRENT ASSETS
Debtors 5 100,085 100,085
Cash at bank 96,915 97,047
197,000 197,132
CREDITORS
Amounts falling due within one year 6 1,370,047 1,367,154
NET CURRENT LIABILITIES (1,173,047 ) (1,170,022 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(352,832
)
(349,807
)

CAPITAL AND RESERVES
Called up share capital 14,300 14,300
Retained earnings (367,132 ) (364,107 )
SHAREHOLDERS' FUNDS (352,832 ) (349,807 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2023 and were signed by:





J P Lluvia - Director


The notes form part of these financial statements

Page 2
SEVEN REALTY LTD (REGISTERED NUMBER: 04992225)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Seven Realty Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. Whilst the company has a net deficit on its balance sheet it is reliant on the continued support of the parent company. The director has been given assurance by the parent company that it will provide further support to cover the company's requirement for working capital expenditure for at least next twelve months from the approval of these accounts.

Preparation of consolidated financial statements
The financial statements contain information about Seven Realty Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as other debtors and creditors, loans to related parties and investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3 continued...
SEVEN REALTY LTD (REGISTERED NUMBER: 04992225)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions in foreign currencies have been converted to Euros at the rate ruling on the date of the transaction. Foreign currency assets and liabilities at the balance sheet date have been converted to Euros at the rate ruling on that date. Transactions in the accounting period have arisen in euros with the exception of the Share Capital which has been converted at the rate of exchange of €1.43 to £1 sterling. The Share Capital is therefore a sterling debt of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
€   
COST
At 1 January 2022
and 31 December 2022 820,215
NET BOOK VALUE
At 31 December 2022 820,215
At 31 December 2021 820,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
€    €   
Amounts owed by group undertakings 100,085 100,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
€    €   
Trade creditors 2,769 -
Other creditors 1,367,278 1,367,154
1,370,047 1,367,154

7. RELATED PARTY DISCLOSURES

Included in amounts owed by group undertakings are interest free loans totalling €100,085 (2021: €100,085). These loans are repayable on demand.

Page 4