1 August 2023 false No description of principal activity Taxfiler 2024.5 12734847business:PrivateLimitedCompanyLtd2023-08-012024-07-31 127348472023-07-31 127348472023-08-012024-07-31 12734847business:AuditExemptWithAccountantsReport2023-08-012024-07-31 12734847business:FilletedAccounts2023-08-012024-07-31 127348472024-07-31 127348472023-07-31 12734847core:WithinOneYear2024-07-31 12734847core:WithinOneYear2023-07-31 12734847core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 12734847core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12734847core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 12734847core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12734847core:PreviouslyStatedAmount2024-07-31 12734847core:PreviouslyStatedAmount2023-07-31 12734847business:SmallEntities2023-08-012024-07-31 12734847business:Director12023-08-012024-07-31 12734847countries:EnglandWales2023-08-012024-07-31 127348472022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12734847 (England and Wales)
Sequoia 8 Ltd Unaudited accounts for the year ended 31 July 2024
Sequoia 8 Ltd Unaudited accounts Contents
Page
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Sequoia 8 Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
100,000 
80,017 
Current assets
Cash at bank and in hand
847 
6 
Creditors: amounts falling due within one year
(83,288)
(82,787)
Net current liabilities
(82,441)
(82,781)
Total assets less current liabilities
17,559 
(2,764)
Provisions for liabilities
Deferred tax
(4,396)
- 
Net assets/(liabilities)
13,163 
(2,764)
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
13,157 
(2,770)
Shareholders' funds
13,163 
(2,764)
For the year ending 31 July 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 24 September 2024 and were signed on its behalf by
Nicholas Chipp Director Company Registration No. 12734847
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Sequoia 8 Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Sequoia 8 Ltd is a private company, limited by shares, registered in England and Wales, registration number 12734847.
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
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.
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.
Turnover
Turnover represents amounts due in respect of rent.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
80,017 
Net gain from fair value adjustments
19,983 
At 31 July 2024
100,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
83,288 
82,787 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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