Company Registration No. 02718351 (England and Wales)
Senator Corporation Limited
Unaudited accounts
for the year ended 31 March 2020
Senator Corporation Limited
Statement of financial position
as at
31 March 2020
Investment property
1,226,309
1,246,155
Cash at bank and in hand
77,066
72,767
Creditors: amounts falling due within one year
(415,589)
(477,032)
Net current liabilities
(305,036)
(404,265)
Total assets less current liabilities
921,273
841,890
Provisions for liabilities
Deferred tax
(23,569)
(23,569)
Net assets
897,704
818,321
Called up share capital
100
100
Revaluation reserve
430,630
430,630
Capital contribution reserve
20,740
20,740
Profit and loss account
446,234
366,851
Shareholders' funds
897,704
818,321
For the year ending 31 March 2020 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2020 and were signed on its behalf by
B J G Elliott
Director
Company Registration No. 02718351
Senator Corporation Limited
Notes to the Accounts
for the year ended 31 March 2020
Senator Corporation Limited is a private company, limited by shares, registered in England and Wales, registration number 02718351. The registered office is 2 RAFFLES MEWS, FARM LANE, LONDON, SW6 1BN, ENGLAND.
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.
These financial statements for the year ended 31 March 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2018.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Investment property
2020
Fair value at 1 April 2019
1,246,155
At 31 March 2020
1,226,309
Work in progress
33,487
-
6
Creditors: amounts falling due within one year
2020
2019
Amounts owed to group undertakings and other participating interests
342,665
403,428
Taxes and social security
16,686
19,686
Other creditors
34,488
53,918
7
Average number of employees
During the year the average number of employees was 2 (2019: 2).