SANA (Reedham) Limited - Accounts to registrar - small 17.2
SANA (Reedham) Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
FOR |
SANA (REEDHAM) LIMITED |
SANA (REEDHAM) LIMITED (REGISTERED NUMBER: 09348472) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Statement of Financial Position | 3 |
Notes to the Financial Statements | 4 |
SANA (REEDHAM) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
505 Pinner Road |
Harrow |
Middlesex |
HA2 6EH |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SANA (REEDHAM) LIMITED |
The following reproduces the text of the report prepared for the director and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and |
certain other primary statements and the Report of the Director are not required to be filed with the Registrar of |
Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of SANA (Reedham) Limited for the year ended 31 December 2016 which comprise the Income |
Statement, Statement of Financial Position, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of SANA (Reedham) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SANA (Reedham) Limited and state those matters that we have agreed to state to the director of SANA (Reedham) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SANA (Reedham) Limited director for our work or for this report. |
It is your duty to ensure that SANA (Reedham) 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 loss of SANA (Reedham) Limited. You consider that SANA (Reedham) 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 SANA (Reedham) 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 |
505 Pinner Road |
Harrow |
Middlesex |
HA2 6EH |
SANA (REEDHAM) LIMITED (REGISTERED NUMBER: 09348472) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2016 |
31/12/16 | 31/12/15 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 3 |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges her 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. |
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 |
SANA (REEDHAM) LIMITED (REGISTERED NUMBER: 09348472) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
1. | STATUTORY INFORMATION |
SANA (Reedham) Limited is a |
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 |
Changes in accounting policies |
This is the first year that the company has presented its financial statements under FRS 102 1A. The last financial |
statements for the period ending 31 December 2015, were prepared under previous UK GAAP. |
The transition date to FRS 102 1A is 10 December 2014. |
The transition to FRS 102 1A has resulted in certain changes in the accounting policies to those used previously. |
Stocks |
Property work in progress is valued at the lower of cost and net realisable value. |
Cost for this purpose comprises the purchase of land, development expenditure and overheads. |
In considering the net realisable value of land and properties it is assumed that development will be |
completed and sold in the ordinary course of the company's business and that they would not be placed |
on the market for immediate sale. |
3. | STOCKS |
31/12/16 | 31/12/15 |
£ | £ |
Work-in-progress |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/16 | 31/12/15 |
£ | £ |
Other debtors |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/16 | 31/12/15 |
£ | £ |
Amounts owed to group undertakings |
Directors' current accounts | 150,898 | - |
SANA (REEDHAM) LIMITED (REGISTERED NUMBER: 09348472) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/16 | 31/12/15 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the year end the company owed £150,899 (2016: £Nil) to the director. The amounts is interest-free and |
repayable on demand. |
8. | RELATED PARTY DISCLOSURES |
At the year end the company owed £229,300 (2016: £Nil) to Lear Developments Holdings Limited. The amounts |
is interest-free and repayable on demand. |
9. | ULTIMATE PARENT AND CONTROLLING PARTY |
The company is a subsidiary of Lear Developments Holdings Limited, a company registered in England and |
Wales. |
The director is the ultimate controller. |