Abbreviated Company Accounts - SAGEN ADVISORS LIMITED

SAGEN ADVISORS LIMITED - Company Information

05945724 SAGEN ADVISORS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 05945724 2015-01-01 2015-12-31 05945724 2015-12-31 05945724 2014-12-31 05945724 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 05945724 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 05945724

SAGEN ADVISORS LIMITED

Abbreviated Accounts

31 December 2015

SAGEN ADVISORS LIMITED Registered Number 05945724

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	17,250	-
		17,250	-
Current assets
Debtors		85,549	108,167
Cash at bank and in hand		775,386	650,322
		860,935	758,489
Creditors: amounts falling due within one year		(144,869)	(148,905)
Net current assets (liabilities)		716,066	609,584
Total assets less current liabilities		733,316	609,584
Total net assets (liabilities)		733,316	609,584
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		733,315	609,583
Shareholders' funds		733,316	609,584

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 August 2016

And signed on their behalf by:
Mr A Ganz, Director

SAGEN ADVISORS LIMITED Registered Number 05945724

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows;
Plant and machinery - 15% on cost
Motor Vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2015	78,361
Additions	23,000
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	101,361
Depreciation
At 1 January 2015	78,361
Charge for the year	5,750
On disposals	-
At 31 December 2015	84,111
Net book values
At 31 December 2015	17,250
At 31 December 2014	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary share of £1 each	1	1