REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
14 OCTOBER 2022 TO 30 NOVEMBER 2023 |
FOR |
SEVEN DEVELOPMENTS (ESSEX) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
14 OCTOBER 2022 TO 30 NOVEMBER 2023 |
FOR |
SEVEN DEVELOPMENTS (ESSEX) LIMITED |
SEVEN DEVELOPMENTS (ESSEX) LIMITED (REGISTERED NUMBER: 14418849) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 OCTOBER 2022 TO 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SEVEN DEVELOPMENTS (ESSEX) LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 14 OCTOBER 2022 TO 30 NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Sutherland House |
1759 London Road |
Leigh on Sea |
Essex |
SS9 2RZ |
SEVEN DEVELOPMENTS (ESSEX) LIMITED (REGISTERED NUMBER: 14418849) |
BALANCE SHEET |
30 NOVEMBER 2023 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
SEVEN DEVELOPMENTS (ESSEX) LIMITED (REGISTERED NUMBER: 14418849) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 OCTOBER 2022 TO 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Seven Developments (Essex) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
SEVEN DEVELOPMENTS (ESSEX) LIMITED (REGISTERED NUMBER: 14418849) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 OCTOBER 2022 TO 30 NOVEMBER 2023 |
6. | RELATED PARTY DISCLOSURES |
Included within amounts owed to group undertakings are loans from group companies in which the directors have a participating interest. These loans total £119,087 and are interest free and repayable on demand. |
Included within amounts owed from group undertakings are loans to group companies in which the directors have a participating interest. These loans total £550 and are interest free and repayable on demand. |
7. | GOING CONCERN |
As at 30th November 2023 the company's current liabilities exceeded assets, thereby indicating the existence of some uncertainty over the company's ability to continue as a going concern. The board does not anticipate a curtailment in the company's operations within the next 12 months. The financial statements have been prepared using the going concern basis of preparation. |