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
Sequoia 8 Ltd
Statement of financial position
as at 31 July 2024
Investment property
100,000
80,017
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
Net assets/(liabilities)
13,163
(2,764)
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
Sequoia 8 Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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 represents amounts due in respect of rent.
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.
Fair value at 1 August 2023
80,017
Net gain from fair value adjustments
19,983
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).