Sivade Limited - Period Ending 2018-03-31
Sivade Limited - Period Ending 2018-03-31
Registration number:
Sivade Limited
Filleted
for the Year Ended 31 March 2018
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY
Sivade Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Sivade Limited
Company Information
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Directors |
Mr S Sibley Mr D Sibley Mrs V Padfield |
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Registered office |
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Accountants |
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Page 1 |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sivade Limited
for the Year Ended 31 March 2018
As described on the balance sheet you are responsible for the compilation of the accounts for the year ended 31 March 2018, as set out on pages 3 to 9, and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled the unaudited accounts from the accounting records and from information and explanations supplied to us.
Hazell Drive
Newport
South Wales
NP10 8FY
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Page 2 |
Sivade Limited
(Registration number: 09512882)
Balance Sheet as at 31 March 2018
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Note |
2018 |
(As restated) |
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Fixed assets |
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Investment property |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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( |
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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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- |
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Total equity |
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Page 3 |
Sivade Limited
(Registration number: 09512882)
Balance Sheet as at 31 March 2018
For the financial year ending 31 March 2018 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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Mr S Sibley
Director
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Mr D Sibley
Director
.........................................
Mrs V Padfield
Director
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Page 4 |
Sivade Limited
Statement of Changes in Equity for the Year Ended 31 March 2018
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Share capital |
Profit and loss account |
Total |
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At 1 April 2017 |
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- |
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Profit for the year |
- |
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Total comprehensive income |
- |
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At 31 March 2018 |
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Share capital |
Total |
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At 1 April 2016 |
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At 31 March 2017 |
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Page 5 |
Sivade Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
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General information |
The company registration number is: 09512882
The company is a private company limited by share capital incorporated in Wales.
The address of its registered office is:
The principal place of business is:
33 Nant-y-Fron
Tonyrefail
Porth
Rhondda Cynon Taff
CF39 8HZ
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.
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Page 6 |
Sivade Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Prior period errors
Investment property
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | Relating to periods before the prior period disclosed in these financial statements | |
Freehold land and buildings b/fwd | (41,004) | (29,570) | - |
Investment property b/fwd | 41,004 | 29,570 | - |
Freehold land and building additions | (8,115) | (11,434) | (29,570) |
Investment property additions | 8,115 | 11,434 | 29,570 |
The principal activity of the company is commercial property development and let and so the land acquired should have been classed as Investment property since the original acquisition.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Page 7 |
Sivade Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
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.
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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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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2018 |
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At 1 April |
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Additions |
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Fair value adjustments |
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At 31 March |
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The director believes that the investment properties are valued at market value and has counted on his expertise necessary to make the valuation.
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Creditors |
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2018 |
2017 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Page 8 |
Sivade Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
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Share capital |
Allotted, called up and fully paid shares
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2018 |
2017 |
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No. |
£ |
No. |
£ |
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150 |
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150 |
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Related party transactions |
Key management personnel
Summary of transactions with key management
During the year the directors made interest free, unsecured, repayable on demand loans to Sivade Limited totalling £29,434 (2016 - £35,934).
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Page 9 |