IRIS Accounts Production v23.3.0.418 03202888 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032028882022-03-31032028882023-03-31032028882022-04-012023-03-31032028882021-03-31032028882021-04-012022-03-31032028882022-03-3103202888ns10:Originalns15:EnglandWales2022-04-012023-03-3103202888ns14:PoundSterlingns10:Original2022-04-012023-03-3103202888ns10:Originalns10:Director12022-04-012023-03-3103202888ns10:Original2022-04-012023-03-3103202888ns10:Original2023-03-3103202888ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103202888ns10:Originalns10:SmallEntities2022-04-012023-03-3103202888ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103202888ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103202888ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103202888ns10:Originalns10:FullAccounts2022-04-012023-03-3103202888ns10:Original2021-04-012022-03-3103202888ns10:Originalns10:Director22022-04-012023-03-3103202888ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103202888ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103202888ns10:Original2022-03-3103202888ns10:Originalns5:CurrentFinancialInstruments2023-03-3103202888ns10:Originalns5:CurrentFinancialInstruments2022-03-3103202888ns10:Originalns5:Non-currentFinancialInstruments2023-03-3103202888ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103202888ns5:ShareCapitalns10:Original2023-03-3103202888ns5:ShareCapitalns10:Original2022-03-3103202888ns10:Originalns5:RevaluationReserve2023-03-3103202888ns10:Originalns5:RevaluationReserve2022-03-3103202888ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103202888ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103202888ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103202888ns10:Originalns5:FurnitureFittings2022-03-3103202888ns10:Originalns5:FurnitureFittings2023-03-3103202888ns10:Originalns5:FurnitureFittings2022-03-3103202888ns10:Original2022-03-3103202888ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103202888ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103202888ns10:Originalns5:RevaluationReserve2022-03-31
REGISTERED NUMBER: 03202888 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SEVEN SISTERS INVESTMENTS LIMITED

SEVEN SISTERS INVESTMENTS LIMITED (REGISTERED NUMBER: 03202888)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEVEN SISTERS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A Bree
Mrs J A Bree





SECRETARY: Mrs J A Bree





REGISTERED OFFICE: 30 - 34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 03202888 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

SEVEN SISTERS INVESTMENTS LIMITED (REGISTERED NUMBER: 03202888)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 470,000 400,000
470,000 400,000

CURRENT ASSETS
Debtors 6 1,064 500
Cash at bank 5,213 19,338
6,277 19,838
CREDITORS
Amounts falling due within one year 7 (76,289 ) (93,445 )
NET CURRENT LIABILITIES (70,012 ) (73,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,988

326,393

CREDITORS
Amounts falling due after more than one
year

8

(231,866

)

(231,867

)
NET ASSETS 168,122 94,526

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 163,878 93,878
Retained earnings 4,144 548
SHAREHOLDERS' FUNDS 168,122 94,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SEVEN SISTERS INVESTMENTS LIMITED (REGISTERED NUMBER: 03202888)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





A Bree - Director


SEVEN SISTERS INVESTMENTS LIMITED (REGISTERED NUMBER: 03202888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Seven Sisters Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment properties
Investment properties represent freehold properties stated at open market value. In the opinion of the directors there is no material difference between the valuation in the accounts and the current market value of these properties.

In accordance with SSAP 19, the value of investment properties is considered annually by the directors and any surplus or deficit arising would be placed to a revaluation reserve or charged to the profit and loss if deficits on individual properties were expected to be permanent.

The Companies Act 1985 requires that all properties be depreciated, but this requirement conflicts with the principles set out in SSAP 19 which requires that investment properties are not depreciated.

Surpluses or deficits on properties are transferred to the investment revaluation reserve. It the total reserve is insufficient to cover the deficit, the amount by which the deficit exceeds the amount in that reserve is charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SEVEN SISTERS INVESTMENTS LIMITED (REGISTERED NUMBER: 03202888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 851
DEPRECIATION
At 1 April 2022
and 31 March 2023 851
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 400,000
Revaluations 70,000
At 31 March 2023 470,000
NET BOOK VALUE
At 31 March 2023 470,000
At 31 March 2022 400,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2010 3,227
Valuation in 2015 50,651
Valuation in 2016 40,000
Valuation in 2023 70,000
Cost 306,122
470,000

If the freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 306,122 306,122

Investment property was valued on an open market basis on 31 March 2023 by the director. .

SEVEN SISTERS INVESTMENTS LIMITED (REGISTERED NUMBER: 03202888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 364 -
Other debtors 700 500
1,064 500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 10,940 10,097
Other creditors 65,349 83,348
76,289 93,445

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 231,866 231,867

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 93,878
Revaluation in year 70,000

At 31 March 2023 163,878

10. RELATED PARTY DISCLOSURES

At the year end, the company owed Havelock Estates Limited £12,762 (2022: £12,762) Both companies are under common control.