Hayle SPV7 Limited - Accounts to registrar (filleted) - small 17.3
Hayle SPV7 Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017 |
FOR |
HAYLE SPV7 LIMITED |
HAYLE SPV7 LIMITED (REGISTERED NUMBER: 09449534) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HAYLE SPV7 LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
6th Floor |
Charles House |
108-110 Finchley Road |
London |
NW3 5JJ |
HAYLE SPV7 LIMITED (REGISTERED NUMBER: 09449534) |
BALANCE SHEET |
28 FEBRUARY 2017 |
28.2.17 | 28.2.16 |
as restated |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | (1,440 | ) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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 Board of Directors on |
HAYLE SPV7 LIMITED (REGISTERED NUMBER: 09449534) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2017 |
1. | STATUTORY INFORMATION |
Hayle SPV7 Limited is a |
number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
These financial statements for the year 28 February 2017 are the first financial statements that comply with FRS 102. The |
date of transition is 01 March 2015. |
The transition to FRS 102 has resulted in no changes in accounting policies to those previously used. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. Costs of development are recognised as they are incurred. Interest incurred on borrowings to fund development costs |
is included in stock. |
3. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.17 | 28.2.16 |
as restated |
£ | £ |
Other creditors |
4. | RELATED PARTY DISCLOSURES |
Included in creditors less than one year is a balance of £1,415,964 (2016: £1,140,886) owed to connected companies. This |
amount arose as a result of the purchase and development of land of which Hayle SPV7 Limited is beneficial owner. This |
amount includes interest incurred in relation to the funding of the purchase of land and its development. |
The directors are taking external advice as to the treatment of various expenditure incurred by connected companies for VAT |
purposes and subsequent adjustments may be necessary. |