Registered number: 07373680 | ||||||||
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FOR THE YEAR ENDED 31/12/2014 | ||||||||
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Prepared By: | ||||||||
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Mitcham | ||||||||
Surrey | ||||||||
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Sathy Estates (Lettings) Limited | ||||||||
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ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED
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INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 07373680 | ||||||||
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Sathy Estates (Lettings) Limited | ||||||||
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Registered Number: 07373680 | ||||||||||
BALANCE SHEET AT 31/12/2014 | ||||||||||
2014 | 2013 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors (amounts falling due within one year) | 3 |
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Cash at bank and in hand |
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961,975 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Approved by the board on
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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 31/12/2014 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
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1b. Depreciation | ||||||||
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Land And Buildings |
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1c. Taxation | ||||||||
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Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. |
1d. Turnover | ||||||||
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Sathy Estates (Lettings) Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||
Land And | ||||
Buildings | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2014 |
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Additions |
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At 31/12/2014 | 1,612,147 | 1,612,147 | ||
Depreciation | ||||
At 01/01/2014 |
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For the year |
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At 31/12/2014 |
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Net Book Amounts | ||||
At 31/12/2014 |
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At 31/12/2013 |
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3. DEBTORS | 2014 | 2013 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors |
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Other debtors |
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4. SHARE CAPITAL | 2014 | 2013 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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New shares issued during period: | ||||||||
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1 | ||||||
5. RELATED PARTY TRANSACTIONS | ||||||||
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During the period, the company paid £278,275 (£189,560) to Mr S Sathiyavadivelu in respect of rent for properties owned by him in the normal course of the company's business. | ||||||||
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Sathy Estates (Lettings) Limited | ||||||||
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6. TURNOVER | ||||||||
The turnover and pre-tax result is attributable to The principal activity was the letting of residential properties. | ||||||||
2014 | 2013 | |||||||
£ | £ | |||||||
Rent receivable | 7,834,455 | 7,685,928 | ||||||
7,834,455 | 7,685,928 | |||||||
7. TRANSACTIONS WITH DIRECTORS | ||||||||
During the period an interest free loan subsisted between the company and Mr S Sathiyavadivelu, the director and shareholder. The balance owed by the company at 31 December 2014 was £78,161 (2013: ££53,395). | ||||||||