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Financial Statements |
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for the Year Ended 31 August 2021 |
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for |
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SFC Capital Partners Ltd |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 August 2021 |
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for |
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SFC Capital Partners Ltd |
SFC Capital Partners Ltd (Registered number: 09226119) |
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Contents of the Financial Statements |
for the year ended 31 August 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SFC Capital Partners Ltd |
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Company Information |
for the year ended 31 August 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
& Chartered Accountants |
1-2 Charterhouse Mews |
London |
EC1M 6BB |
SFC Capital Partners Ltd (Registered number: 09226119) |
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Balance Sheet |
31 August 2021 |
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31.8.21 | 31.8.20 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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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 | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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SFC Capital Partners Ltd (Registered number: 09226119) |
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Notes to the Financial Statements |
for the year ended 31 August 2021 |
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1. | STATUTORY INFORMATION |
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SFC Capital Partners Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. Having reviewed the future cash flows of the business, the directors are satisfied that the company will have adequate resources to meet its liabilities as they fall due. On this assumption, the directors believe it appropriate to prepare the accounts on a going concern basis. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Revenue recognition |
Revenue is recognised on completion of an investment or supply of services. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement. |
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Share capital |
Ordinary and Ordinary B shares are classed as equity. |
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Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | AUDITORS' REMUNERATION |
31.8.21 | 31.8.20 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's financial
statements |
7,000 |
7,000 |
SFC Capital Partners Ltd (Registered number: 09226119) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2021 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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At 31 August 2021 |
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NET BOOK VALUE |
At 31 August 2021 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: Suite 345, 50 Eastcastle Street, London, W1W 8EA |
Nature of business:
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Class of shares: | holding |
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£ |
Aggregate capital and reserves |
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Registered office: Suite 345, 50 Eastcastle Street, London, W1W 8EA |
Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves |
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Registered office: Suite 345, 50 Eastcastle Street, London, W1W 8EA |
Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Trade debtors |
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Prepayments |
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SFC Capital Partners Ltd (Registered number: 09226119) |
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Notes to the Financial Statements - continued |
for the year ended 31 August 2021 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Trade creditors |
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Tax |
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Social security & other taxes |
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VAT |
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Other creditors |
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Accruals and deferred income |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.21 | 31.8.20 |
value: | £ | £ |
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Ordinary | £1 | 57,500 | 57,500 |
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Ordinary B | £1 | 57,500 | 57,500 |
115,000 | 115,000 |
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9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | POST BALANCE SHEET EVENTS |
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Subsequent to the year end, the outbreak of a global pandemic (Novel Coronavirus disease) remained prevalent, resulting in significant financial and economic impact on major economies across the globe and affecting a wide range of industries. At the date of approval of the financial statements, the Directors were continuing to assess the impact of the above-mentioned event on its subsequent period's financial results. From their finding to date, The Directors concluded that the going concern basis was appropriate. |
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This is a non-adjusting event, the Directors have not considered any adjustments necessary to the financial statements for the year ended 31 August 2021 |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is S Page. |