1 December 2021 false No description of principal activity Taxfiler 2023.10.1 07486424business:PrivateLimitedCompanyLtd2021-12-012022-11-28 074864242021-11-30 074864242021-12-012022-11-28 07486424business:AuditExemptWithAccountantsReport2021-12-012022-11-28 07486424business:FilletedAccounts2021-12-012022-11-28 074864242022-11-28 07486424business:Director12021-12-012022-11-28 07486424business:RegisteredOffice2021-12-012022-11-28 074864242021-11-30 07486424core:WithinOneYear2022-11-28 07486424core:WithinOneYear2021-11-30 07486424core:AfterOneYear2022-11-28 07486424core:AfterOneYear2021-11-30 07486424core:ShareCapitalcore:PreviouslyStatedAmount2022-11-28 07486424core:ShareCapitalcore:PreviouslyStatedAmount2021-11-30 07486424core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-28 07486424core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-11-30 07486424core:PreviouslyStatedAmount2022-11-28 07486424core:PreviouslyStatedAmount2021-11-30 07486424business:SmallEntities2021-12-012022-11-28 07486424countries:EnglandWales2021-12-012022-11-28 074864242020-12-012021-11-30 iso4217:GBP xbrli:pure
Company Registration No. 07486424 (England and Wales)
SEVEN SIX CAPITAL LTD Unaudited accounts for the period from 1 December 2021 to 28 November 2022
SEVEN SIX CAPITAL LTD Unaudited accounts Contents
Page
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SEVEN SIX CAPITAL LTD Company Information for the period from 1 December 2021 to 28 November 2022
Director
Adnan KARIM
Company Number
07486424 (England and Wales)
Registered Office
232 HOE STREET LONDON E17 3AY ENGLAND
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SEVEN SIX CAPITAL LTD Statement of financial position as at 28 November 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Inventories
1,213,278 
1,274,567 
Debtors
124,296 
499,122 
Cash at bank and in hand
7,439 
5,944 
1,345,013 
1,779,633 
Creditors: amounts falling due within one year
(1,319,054)
(1,983,368)
Net current assets/(liabilities)
25,959 
(203,735)
Total assets less current liabilities
25,959 
(203,735)
Creditors: amounts falling due after more than one year
(294,101)
(45,102)
Net liabilities
(268,142)
(248,837)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(268,143)
(248,838)
Shareholders' funds
(268,142)
(248,837)
For the period ending 28 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2023 and were signed on its behalf by
Adnan KARIM Director Company Registration No. 07486424
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SEVEN SIX CAPITAL LTD Notes to the Accounts for the period from 1 December 2021 to 28 November 2022
1
Statutory information
SEVEN SIX CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 07486424. The registered office is 232 HOE STREET, LONDON, E17 3AY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 1 December 2021 to 28 November 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
124,296 
499,122 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
218,221 
Other creditors
1,206,166 
1,643,337 
Loans from directors
110,440 
119,050 
Accruals
2,448 
2,760 
1,319,054 
1,983,368 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
248,996 
45,102 
Other creditors
45,105 
- 
294,101 
45,102 
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SEVEN SIX CAPITAL LTD Notes to the Accounts for the period from 1 December 2021 to 28 November 2022
7
Transactions with related parties
The company owes a director £110,440 (2021: £119,050). This loan is interest free and payable on demand. The company owes £429,846 (2021: £581,846) to a company with a director in common. This loan is interest free and payable on demand. The company is owed £37,499 (2021: £37,499) from a company with a director in common. This loan is interest free and repayable on demand. The company is owed £123,350 (2021: £6,900) to a company with a director in common. This loan is interest free and payable on demand. The company owes £246,500 (2021: £246,500 debtor) to companies which had a director in common at the beginning of the year, The loans are interest free and payable on demand.
8
Controlling party
The ultimate controlling party is Waltham Estates Group Limited. The company is a wholly owned subsidiary of Waltham Estates Group Limited, whose Registered Office is the same as the Company's Registered Office.
9
Average number of employees
During the period the average number of employees was 0 (2021: 0).
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