IRIS Accounts Production v23.1.5.20 11452285 Board of Directors 1.8.22 31.7.23 31.7.23 0 0 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114522852022-07-31114522852023-07-31114522852022-08-012023-07-31114522852021-07-31114522852021-08-012022-07-31114522852022-07-3111452285ns15:EnglandWales2022-08-012023-07-3111452285ns14:PoundSterling2022-08-012023-07-3111452285ns10:Director12022-08-012023-07-3111452285ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3111452285ns10:SmallEntities2022-08-012023-07-3111452285ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3111452285ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3111452285ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3111452285ns10:FullAccounts2022-08-012023-07-3111452285ns10:OrdinaryShareClass12022-08-012023-07-3111452285ns10:OrdinaryShareClass22022-08-012023-07-3111452285ns10:OrdinaryShareClass32022-08-012023-07-3111452285ns10:Director22022-08-012023-07-3111452285ns10:RegisteredOffice2022-08-012023-07-3111452285ns5:CurrentFinancialInstruments2023-07-3111452285ns5:CurrentFinancialInstruments2022-07-3111452285ns5:Non-currentFinancialInstruments2023-07-3111452285ns5:Non-currentFinancialInstruments2022-07-3111452285ns5:ShareCapital2023-07-3111452285ns5:ShareCapital2022-07-3111452285ns5:SharePremium2023-07-3111452285ns5:SharePremium2022-07-3111452285ns5:RetainedEarningsAccumulatedLosses2023-07-3111452285ns5:RetainedEarningsAccumulatedLosses2022-07-3111452285ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3111452285ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3111452285ns5:Non-currentFinancialInstruments2022-08-012023-07-3111452285ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3111452285ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3111452285ns5:Secured2023-07-3111452285ns5:Secured2022-07-3111452285ns5:DeferredTaxation2022-07-3111452285ns5:DeferredTaxation2022-08-012023-07-3111452285ns5:DeferredTaxation2023-07-3111452285ns10:OrdinaryShareClass12023-07-3111452285ns10:OrdinaryShareClass22023-07-3111452285ns10:OrdinaryShareClass32023-07-3111452285ns5:RetainedEarningsAccumulatedLosses2022-07-3111452285ns5:SharePremium2022-07-3111452285ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 11452285 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

SEVEN CAPITAL (BRACKNELL) LTD

SEVEN CAPITAL (BRACKNELL) LTD (REGISTERED NUMBER: 11452285)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEVEN CAPITAL (BRACKNELL) LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Damien Anthony Siviter
Balbinder Singh Sohal





REGISTERED OFFICE: 97 Park Lane
Mayfair
London
W1K 7TG





REGISTERED NUMBER: 11452285 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

SEVEN CAPITAL (BRACKNELL) LTD (REGISTERED NUMBER: 11452285)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 11,919,776 10,615,756
Cash at bank 11 1,195
11,919,787 10,616,951
CREDITORS
Amounts falling due within one year 5 389,951 365,583
NET CURRENT ASSETS 11,529,836 10,251,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,529,836

10,251,368

CREDITORS
Amounts falling due after more than one year 6 11,963,788 10,880,186
NET LIABILITIES (433,952 ) (628,818 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 11 900 900
Retained earnings 11 (434,952 ) (629,818 )
SHAREHOLDERS' FUNDS (433,952 ) (628,818 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 CAPITAL (BRACKNELL) LTD (REGISTERED NUMBER: 11452285)

Balance Sheet - continued
31 July 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 29 November 2023 and were signed on its behalf by:





Balbinder Singh Sohal - Director


SEVEN CAPITAL (BRACKNELL) LTD (REGISTERED NUMBER: 11452285)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Seven Capital (Bracknell) Ltd 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.

Financial instruments
Trade and Other Debtors/Creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Interest bearing borrowings classified as basic financial instruments

Interest-bearing borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

SEVEN CAPITAL (BRACKNELL) LTD (REGISTERED NUMBER: 11452285)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 11,697,326 10,388,967
Other debtors 28,064 78,064
VAT - 800
Deferred tax asset 194,386 147,925
11,919,776 10,615,756

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 162,001 138,783
Other creditors 226,500 225,500
Accrued expenses 1,450 1,300
389,951 365,583

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 7) 7,224,010 7,224,010
Accruals and deferred income 4,739,778 3,656,176
11,963,788 10,880,186

Accruals and deferred income relates to accruals of £4,739,778 for interest on the loan notes which are payable upon completion of the project (31/03/2024).

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 7,224,010 7,224,010

SEVEN CAPITAL (BRACKNELL) LTD (REGISTERED NUMBER: 11452285)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 7,224,010 7,224,010

The loans are secured by a fixed and floating charge over all the assets of the company.

9. DEFERRED TAX
£   
Balance at 1 August 2022 (147,925 )
Provided during year (46,461 )
Balance at 31 July 2023 (194,386 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 A Ordinary 1 1 1
50 B Ordinary 1 50 50
49 C Ordinary 1 49 49
100 100

The following fully paid shares were allotted during the year at a premium as shown below:

1 A Ordinary shares of £1 each at £10 per share
50 B Ordinary shares of £1 each at £10 per share
49 C Ordinary shares of £1 each at £10 per share

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 August 2022 (629,818 ) 900 (628,918 )
Profit for the year 194,866 194,866
At 31 July 2023 (434,952 ) 900 (434,052 )

SEVEN CAPITAL (BRACKNELL) LTD (REGISTERED NUMBER: 11452285)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end date, the company had following amounts included in other debtors outstanding from its associated companies which are registered in England and Wales:

- Seven Capital Plc £3,064 (2022 - £3,064)

At the year end date, the company had following amounts included in other creditors outstanding to its associated companies which are registered in England and Wales:

- Seven Capital (Crocus) Limited £226,500 (2022 - £225,000)