7 Seafield Road Limited - Accounts to registrar (filleted) - small 18.2
7 Seafield Road Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
FOR |
7 SEAFIELD ROAD LIMITED |
7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
7 SEAFIELD ROAD LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Third Floor |
126-134 Baker Street |
London |
W1U 6UE |
7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
BALANCE SHEET |
31 DECEMBER 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were authorised for issue by the director on |
7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
1. | STATUTORY INFORMATION |
7 Seafield Road Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable net of Value Added Tax. Rent is recognised for the period for which it is due. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit or loss. |
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 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. |
3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2017 |
and 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 31 December 2016 |
Fair value at 31 December 2017 is represented by: |
£ |
Valuation in 2016 | 925,000 |
7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
3. | INVESTMENT PROPERTY - continued |
If investment property had not been revalued it would have been included at the following historical cost: |
2017 | 2016 |
£ | £ |
Cost | 656,941 | 656,941 |
Investment property was valued on an open market basis on 31 December 2016 by Goldin Lemcke . |
In the opinion of the director, the fair value of the investment property as at 31 December 2017 was not significantly |
different from the Net Book Value. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans (see note 6) |
Trade creditors |
Tax |
Other creditors |
Directors' current accounts | 33,121 | 647,561 |
Accrued expenses |
6. | LOANS |
An analysis of the maturity of loans is given below: |
2017 | 2016 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
7. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 50,931 | 53,612 |
Deferred |
tax |
£ |
Balance at 1 January 2017 |
Provided during year | ( |
) |
Balance at 31 December 2017 |
7 SEAFIELD ROAD LIMITED (REGISTERED NUMBER: 08317053) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
9. | RESERVES |
Retained earnings | Other reserves | Totals |
£ | £ | £ |
As at 01 January 2016 | 49,793 | 49,793 |
Profit for the year | 15,846 | 15,846 |
Dividends paid | (20,000 | ) | (20,000 | ) |
Non-distributable reserves | 217,128 | 217,128 |
As at 31 December 2016 | 45,639 | 217,128 | 262,767 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
As at the balance sheet date, an amount of £33,121 (2016: £647,561) was owed to the director. |