IRIS Accounts Production v24.2.0.383 13149488 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Ordinary share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131494882022-12-31131494882023-12-31131494882023-01-012023-12-31131494882021-12-31131494882022-01-012022-12-31131494882022-12-3113149488ns15:EnglandWales2023-01-012023-12-3113149488ns14:PoundSterling2023-01-012023-12-3113149488ns10:Director12023-01-012023-12-3113149488ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113149488ns10:SmallEntities2023-01-012023-12-3113149488ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113149488ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113149488ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113149488ns10:FullAccounts2023-01-012023-12-3113149488ns10:OrdinaryShareClass12023-01-012023-12-3113149488ns10:Director22023-01-012023-12-3113149488ns10:Director32023-01-012023-12-3113149488ns10:RegisteredOffice2023-01-012023-12-3113149488ns5:CurrentFinancialInstruments2023-12-3113149488ns5:CurrentFinancialInstruments2022-12-3113149488ns5:ShareCapital2023-12-3113149488ns5:ShareCapital2022-12-3113149488ns5:RetainedEarningsAccumulatedLosses2023-12-3113149488ns5:RetainedEarningsAccumulatedLosses2022-12-3113149488ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113149488ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113149488ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 13149488 (England and Wales)















Seven Dials Light Industrial Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Seven Dials Light Industrial Limited (Registered number: 13149488)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Seven Dials Light Industrial Limited

Company Information
for the year ended 31 December 2023







Directors: B L Robinson
M R Wilson
D J Fennell





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 13149488 (England and Wales)

Seven Dials Light Industrial Limited (Registered number: 13149488)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Current assets
Debtors 4 7,235 71,577
Cash at bank 6,011 117,977
13,246 189,554
Creditors
Amounts falling due within one year 5 10,832 170,449
Net current assets 2,414 19,105
Total assets less current liabilities 2,414 19,105

Capital and reserves
Called up share capital 6 1,000 1,000
Retained earnings 1,414 18,105
Shareholders' funds 2,414 19,105

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 27 August 2024 and were signed on its behalf by:





B L Robinson - Director


Seven Dials Light Industrial Limited (Registered number: 13149488)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Seven Dials Light Industrial 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.

The presentational and functional currency of the financial statements is the Pound Sterling (£).

Amounts in these financial statements are rounded to the nearest £.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the company's accounting policies
The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is recognised to the extent that is probable that the economic benefits will flow to the Company and the turnover can be reliability measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must be met before turnover is recognised:

Fee income represents revenue earned under contracts to provide professional services. Revenue is recongised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements, but excluding value added tax. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed.

Seven Dials Light Industrial Limited (Registered number: 13149488)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment. At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method.

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
£ £
VAT 7,235 -
Prepayments and accrued income - 71,577
7,235 71,577

5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings 700 -
Tax 32 4,269
VAT - 19,670
Accruals and deferred income 10,100 146,510
10,832 170,449

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary share capital £1 1,000 1,000

Seven Dials Light Industrial Limited (Registered number: 13149488)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Ultimate controlling party

There is no ultimate controlling party.