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Financial Statements |
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for the Year Ended 30 September 2018 |
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for |
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SEVEN CAPITAL (BROADWAY RESIDENCES) LTD |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 30 September 2018 |
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for |
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SEVEN CAPITAL (BROADWAY RESIDENCES) LTD |
SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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SEVEN CAPITAL (BROADWAY RESIDENCES) LTD |
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Company Information |
for the Year Ended 30 September 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
2 Wheeleys Road |
Edgbaston |
Birmingham |
West Midlands |
B15 2LD |
SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930) |
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Statement of Financial Position |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 3 |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 | 6 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the director on
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SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
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1. | STATUTORY INFORMATION |
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Seven Capital (Broadway Residences) Ltd is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
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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Inventory |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Costs incurred by the company for the conversion of commercial property into residential flats including |
overheads directly attributable to the project are carried forward as work in progress until all the assets of the |
company have been disposed of. The profit/loss will be realised in the accounting period in which the flats are |
sold. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks |
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SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Corporation Tax |
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Other creditors |
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Accrued expenses |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | 1 | 1 | 1 |
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Each share has one voting right and equal rights to dividends and distributions. |
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7. | RESERVES |
Retained |
earnings |
£ |
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At 1 October 2017 |
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Profit for the year |
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At 30 September 2018 |
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8. | 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 Brindleys
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9. | RELATED PARTY DISCLOSURES |
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During the year, the company paid £ 17,133,435 to its parent company, Seven Capital (Broadway) Ltd against a |
loan given to it. The balance outstanding as at 30.09.2018 was £8,670,419 (2017: £24,610,351). |
SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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The consolidated group accounts can be found at the registered office of the parent company Seven Capital Plc |
at 97 Park Lane, Mayfair, London W1K 7TG. |