Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2021 | 2020 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | - | |||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current liabilities | ( |
( |
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Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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Mr B Mistry | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The presentation currency of the financial statements is the Pound Sterling (£). |
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Turnover | ||||||||
Significant judgements and estimates | ||||||||
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements. |
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Investment property | ||||||||
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date. |
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Cash and cash equivalents | ||||||||
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. | ||||||||
Financial instruments | ||||||||
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss. |
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Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
2 | Employees | 2021 | 2020 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Investment property | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 January 2021 | ||||||||
At 31 December 2021 | ||||||||
Depreciation | ||||||||
At 31 December 2021 | - | |||||||
Net book value | ||||||||
At 31 December 2021 | ||||||||
At 31 December 2020 | ||||||||
4 | Debtors | 2021 | 2020 | |||||
£ | £ | |||||||
Other debtors | - | |||||||
5 | Creditors: amounts falling due within one year | 2021 | 2020 | |||||
£ | £ | |||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2021 | 2020 | |||||
£ | £ | |||||||
Bank loans | ||||||||
7 | Loans | 2021 | 2020 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured bank loans | 203,241 | 203,241 | ||||||
8 | Related party transactions | |||||||
9 | Other information | |||||||
S & B ASSETS LTD is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
88 Shrewsbury Avenue | ||||||||
Kenton | ||||||||
Middlesex | ||||||||
HA3 9NF |