Sahara Ventures Limited
|
Registered number: |
03626915
|
Abbreviated Balance Sheet |
as at 31 October 2014
|
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
400 |
|
|
400 |
Investments |
3 |
|
|
380,131 |
|
|
380,131 |
|
|
|
|
380,531 |
|
|
380,531 |
|
Current assets |
Investments held as current assets |
|
|
18,486 |
|
|
16,317 |
Cash at bank and in hand |
|
|
139 |
|
|
139 |
|
|
|
18,625 |
|
|
16,456 |
|
Creditors: amounts falling due within one year |
|
|
- |
|
|
(90) |
|
Net current assets |
|
|
|
18,625 |
|
|
16,366 |
|
Total assets less current liabilities |
|
|
|
399,156 |
|
|
396,897 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(363,127) |
|
|
(363,127) |
|
|
|
Net assets |
|
|
|
36,029 |
|
|
33,770 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1,500 |
|
|
1,500 |
Profit and loss account |
|
|
|
34,529 |
|
|
32,270 |
|
Shareholders' funds |
|
|
|
36,029 |
|
|
33,770 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mrs B Banga |
Director |
Approved by the board on 26 July 2015
|
|
Sahara Ventures Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 October 2014
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of rents receivable.
|
|
|
Investment properties |
|
Investment properties are stated at their market values in accordance with the provisions of |
|
Statement of Standard Accounting Practice No. 19. |
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2013 |
400 |
|
At 31 October 2014 |
400 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 October 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
400 |
|
At 31 October 2013 |
400 |
|
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
Cost |
|
At 1 November 2013 |
380,131 |
|
|
At 31 October 2014 |
380,131 |
|
|
|
|
|
|
|
|
|
The leasehold investment properties have been stated at their historic cost as the properties |
|
were purchased not so long ago and their market values are not materially different from their |
|
historic cost, in the opinion of the directors. |
|
4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1,500 |
|
1,500 |
|
1,500 |
|
|
|
|
|
|
|
|
|