Company Registration No. 09920759 (England and Wales)
Sedgemoor Campus Limited
Unaudited accounts
for the period from 1 January 2017 to 30 September 2017
Sedgemoor Campus Limited
Unaudited accounts
Contents
Sedgemoor Campus Limited
Company Information
for the period from 1 January 2017 to 30 September 2017
Company Number
09920759 (England and Wales)
Registered Office
Upper Floors
99 Clapton Common
London
E5 9AB
Accountants
Precision Ltd
32 Castlewood Road
London
N16 6DW
Sedgemoor Campus Limited
Statement of financial position
as at 30 September 2017
Tangible assets
1,796,247
1,659,053
Creditors: amounts falling due within one year
(2,069,084)
(1,741,814)
Net current liabilities
(1,902,635)
(1,642,403)
Net (liabilities)/assets
(106,388)
16,650
Called up share capital
1
1
Profit and loss account
(106,389)
16,649
Shareholders' funds
(106,388)
16,650
For the period ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 January 2019.
Yisroel Kohn
Director
Company Registration No. 09920759
Sedgemoor Campus Limited
Notes to the Accounts
for the period from 1 January 2017 to 30 September 2017
Sedgemoor Campus Limited is a private company, limited by shares, registered in England and Wales, registration number 09920759. The registered office is Upper Floors, 99 Clapton Common, London, E5 9AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net rent receivable, excluding value added tax.
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
Tangible fixed assets policy
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or amortisation is provided in respect of freehold investment properties nor on leasehold investment properties having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy results in the financial statements giving true and fair view.
4
Tangible fixed assets
Land & buildings
At 1 January 2017
1,659,053
At 30 September 2017
1,796,247
At 30 September 2017
1,796,247
At 31 December 2016
1,659,053
Sedgemoor Campus Limited
Notes to the Accounts
for the period from 1 January 2017 to 30 September 2017
Trade debtors
166,449
99,411
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
1,002,014
975,000
Taxes and social security
7,717
6,249
Other creditors
1,058,153
759,565
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the period the average number of employees was 0 (2016: 0).
