104 SOUTH HILL PARK LIMITED - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07839044 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

104 SOUTH HILL PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Shai

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

07839044 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

and Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Tangible assets

4

35,000

35,000

CURRENT ASSETS

Debtors

5

982

926

Cash at bank

12,334

10,119

13,316

11,045

CREDITORS

Amounts falling due within one year

6

46,381

43,563

NET CURRENT LIABILITIES

(33,065

)

(32,518

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,935

2,482

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,934

2,481

SHAREHOLDERS' FUNDS

1,935

2,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 May 2017 and were signed by:

R Shai - Director

1.	STATUTORY INFORMATION

104 SOUTH HILL PARK LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention.

This is the first year in which the financial statements have been prepared under FRS 102 1A.

Turnover

Turnover represents revenue recognised by the company in respect of services rendered.

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 that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

Freehold land

Freehold land is stated at cost and no depreciation will be provided.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

Going concern

The financial statements have been prepared on a going concern basis, which is dependent upon the director

continuing to provide the necessary financial facilities, to enable the company to continue in operation for the

foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

land

£

COST

At 1 April 2016

and 31 March 2017

35,000

NET BOOK VALUE

At 31 March 2017

35,000

At 31 March 2016

35,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

982

926

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

62

62

Other creditors

46,319

43,501

46,381

43,563

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the director R Shai had a credit balance of £34,999 (2016: £34,999) on his current

account. This amount represents an interest free loan from the director to the company and is included in other

creditors, amounts falling due within one year.

During the year, the company paid management fees in the sum of £3,032 (2016: £2,338) to London Homestead

Property Management Limited, a company in which the director, R Shai, has a controlling interest. These

transactions were at arms length.

8.	ULTIMATE CONTROL

The director, R Shai, is deemed to be the ultimate controlling party by virtue of his 100% shareholding in the

company.