Registered number: 07373680 | ||||||||
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FOR THE YEAR ENDED 31/12/2016 | ||||||||
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Prepared By: | ||||||||
Kojo & Company Limited | ||||||||
Chartered Certified Accountants | ||||||||
118-120 | ||||||||
London Road | ||||||||
Mitcham | ||||||||
Surrey | ||||||||
CR4 3LB |
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Sathy Estates (Lettings) Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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London | ||||||||
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COMPANY DETAILS | ||||||||
registered in , registered number 07373680 | ||||||||
ACCOUNTANTS | ||||||||
Kojo & Company Limited | ||||||||
Chartered Certified Accountants | ||||||||
118-120 | ||||||||
London Road | ||||||||
Mitcham | ||||||||
Surrey | ||||||||
CR4 3LB |
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Sathy Estates (Lettings) Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Strategic Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Sathy Estates (Lettings) Limited | ||||||||
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BALANCE SHEET AT
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2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors | 3 | 749,160 | 773,438 | |||||||
Cash at bank and in hand |
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950,849 | 1,320,082 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | 1,027,180 | 1,319,163 | |||||||
NET CURRENT (LIABILITIES) / ASSETS | (76,331) | 919 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 2,835,765 | 2,298,861 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | 1 | 1 | |||||||
Profit and loss account | 2,835,764 | 2,298,860 | ||||||||
SHAREHOLDERS' FUNDS |
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2,298,861 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Sathy Estates (Lettings) Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
2. TANGIBLE FIXED ASSETS | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2016 | 2,382,500 | 2,382,500 | ||
Additions | 529,596 | 529,596 | ||
At 31/12/2016 | 2,912,096 | 2,912,096 | ||
Depreciation | ||||
At 01/01/2016 | 84,558 | 84,558 | ||
Disposals | (84,558) | (84,558) | ||
At 31/12/2016 | - | - | ||
Net Book Amounts | ||||
At 31/12/2016 |
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At 31/12/2015 |
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Sathy Estates (Lettings) Limited | ||||||||
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3. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors- | - | 616,218 | ||||||
Other debtors- Loan to Subash | 250,000 | - | ||||||
Amounts due from group companies | 212,673 | 144,720 | ||||||
Staff Loan | 12,500 | 12,500 | ||||||
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
UK corporation tax | 134,226 | 193,733 | ||||||
Other taxes and social security | 9,673 | 4,369 | ||||||
Directors current account- Mr Sathy | 142,284 | 27,253 | ||||||
Provision for overpayment | 3,251 | - | ||||||
Trade creditors- | 6,400 | 3,235 | ||||||
Due to group companies | 50,000 | 50,000 | ||||||
Other creditors- | 674,717 | 1,034,423 | ||||||
Pension schemes | 479 | - | ||||||
Accruals | 6,150 | 6,150 | ||||||
1,027,180 | 1,319,163 | |||||||
5. EMPLOYEES | ||||||
2016 | 2015 | |||||
No. | No. | |||||
Average number of employees | 11 | 11 | ||||
6. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1 | 1 | ||||||
1 | 1 | |||||||
New shares issued during period: | ||||||||
1
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1 | 1 | ||||||