Company Registration No. 04438496 (England and Wales)
Sequoia Lodge Limited
Unaudited accounts
for the year ended 31 March 2024
Sequoia Lodge Limited
Unaudited accounts
Contents
Sequoia Lodge Limited
Company Information
for the year ended 31 March 2024
Company Number
04438496 (England and Wales)
Registered Office
15 Carnyorth Terrace
St. Just
Penzance
Cornwall
TR19 7QE
England
Accountants
Julie Wilmer Accountancy Services Ltd
Cherry Tree House
12A West Side Rise
Olney
Bucks
MK46 5HP
Sequoia Lodge Limited
Statement of financial position
as at 31 March 2024
Inventories
242,685
242,685
Cash at bank and in hand
9,911
22,539
Creditors: amounts falling due within one year
(1,239,490)
(1,042,361)
Net current liabilities
(986,354)
(777,137)
Total assets less current liabilities
(986,354)
(777,137)
Creditors: amounts falling due after more than one year
(2,026,102)
(2,026,102)
Net liabilities
(3,012,456)
(2,803,239)
Called up share capital
1,202
1,202
Profit and loss account
(3,013,658)
(2,804,441)
Shareholders' funds
(3,012,456)
(2,803,239)
For the year ending 31 March 2024 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 14 August 2024 and were signed on its behalf by
C J Dillon
Director
Company Registration No. 04438496
Sequoia Lodge Limited
Notes to the Accounts
for the year ended 31 March 2024
Sequoia Lodge Limited is a private company, limited by shares, registered in England and Wales, registration number 04438496. The registered office is 15 Carnyorth Terrace, St. Just, Penzance, Cornwall, TR19 7QE, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The financial statements have been prepared on a going concern basis. The continuation of the company's business is dependent upon the continuing support of the directors and other creditors.
Sequoia Lodge Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
74,742
20,272
Loans from directors
24,678
24,678
Accruals
1,140,070
997,411
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
2,026,102
2,026,102
Allotted, called up and fully paid:
2 A Ordinary shares of £1 each
2
2
1,200 B Ordinary shares of £1 each
1,200
1,200
The ultimate parent company is Galzig Capital LLP. It's registered office is 15 Carnyorth Terrace, St Just, Penzance, TR19 7QE
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).