Villa Saint Simon UK Limited - Period Ending 2017-08-31
Villa Saint Simon UK Limited - Period Ending 2017-08-31
Registration number:
Villa Saint Simon UK Limited
for the Period from 8 August 2016 to 31 August 2017
Moyola House
31 Hawthorne Grove
York
YO31 7YA
Villa Saint Simon UK Limited
Contents
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Company Information |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Villa Saint Simon UK Limited
Company Information
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Directors |
David Wharin Mr Leslie Phillip Kellen |
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Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Villa Saint Simon UK Limited
for the Period Ended 31 August 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Villa Saint Simon UK Limited for the period ended 31 August 2017 as set out on pages 3 to 7 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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Villa Saint Simon UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Villa Saint Simon UK Limited and state those matters that we have agreed to state to the Board of Directors of Villa Saint Simon UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Villa Saint Simon UK Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Villa Saint Simon UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Villa Saint Simon UK Limited. You consider that Villa Saint Simon UK Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Villa Saint Simon UK 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 accounts.
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31 Hawthorne Grove
York
YO31 7YA
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Page 2 |
Villa Saint Simon UK Limited
Statement of Comprehensive Income for the Period from 8 August 2016 to 31 August 2017
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Note |
2017 |
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Profit for the period |
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Total comprehensive income for the period |
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Page 3 |
Villa Saint Simon UK Limited
(Registration number: 10317428)
Balance Sheet as at 31 August 2017
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Note |
2017 |
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Fixed assets |
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Investment property |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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David Wharin
Director
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Mr Leslie Phillip Kellen
Director
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Page 4 |
Villa Saint Simon UK Limited
Statement of Changes in Equity for the Period from 8 August 2016 to 31 August 2017
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Share capital |
Profit and loss account |
Total |
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Profit for the period |
- |
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Total comprehensive income |
- |
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New share capital subscribed |
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- |
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At 31 August 2017 |
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Page 5 |
Villa Saint Simon UK Limited
Notes to the Financial Statements for the Period from 8 August 2016 to 31 August 2017
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General information |
The company is a private company limited by share capital incorporated in South Africa.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investment property
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 6 |
Villa Saint Simon UK Limited
Notes to the Financial Statements for the Period from 8 August 2016 to 31 August 2017
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Investment properties |
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2017 |
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Additions |
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Fair value adjustments |
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At 31 August |
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The property was revalued during the year by John Marshall Surveys on 26 August 2016.
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Creditors |
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Note |
2017 |
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Due within one year |
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Bank loans and overdrafts |
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Other creditors |
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Loans and borrowings |
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2017 |
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Current loans and borrowings |
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Other borrowings |
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Page 7 |