Sara Low Holdings Limited - Period Ending 2018-03-31

Sara Low Holdings Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2018

Registration number: 04189892

Sara Low Holdings Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Sara Low Holdings Limited

Balance Sheet

31 March 2018

	Note	2018 £	2017 £
Fixed assets
Investments	3	100	100
Current assets
Debtors	4	10,645	745
Cash at bank and in hand		106	72
		10,751	817
Creditors: Amounts falling due within one year	5	(10,000)	-
Net current assets		751	817
Net assets		851	917
Capital and reserves
Called up share capital	6	100	100
Profit and loss account		751	817
Total equity		851	917

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Sara Low Holdings Limited

Balance Sheet

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:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 December 2018 and signed on its behalf by:
 

......................................... Mrs S L Low Director

Company Registration Number: 04189892

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Sara Low Holdings Limited

Notes to the Financial Statements

Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

The principal place of business is:
3 Trewince Lane
Lostwithiel
Cornwall
PL22 0AJ

These financial statements were authorised for issue by the Board on 24 December 2018.

2	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.

Change in basis of accounting

The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has transferred from previously extant UK GAAP to FRS102 as at 1 April 2016. There is no material impact on the reported financial position and financial performance.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Page 3

Sara Low Holdings Limited

Notes to the Financial Statements

Year Ended 31 March 2018

3	Investments

	2018 £	2017 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 April 2017	100
Provision
Carrying amount
At 31 March 2018	100
At 31 March 2017	100

4

Debtors

	Note	2018  £	2017  £
Amounts due from group undertakings		10,645	745
		10,645	745

5

Creditors

Creditors: amounts falling due within one year

	2018  £
Due within one year
Other creditors	10,000

Page 4

Sara Low Holdings Limited

Notes to the Financial Statements

Year Ended 31 March 2018

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Page 5