Company Registration No. 14041508 (England and Wales)
Sevenfold Properties Ltd
Unaudited accounts
for the year ended 30 April 2024
Sevenfold Properties Ltd
Unaudited accounts
Contents
Sevenfold Properties Ltd
Company Information
for the year ended 30 April 2024
Company Number
14041508 (England and Wales)
Registered Office
136 HIGH STREET
ILFRACOMBE
EX34 9EZ
ENGLAND
Accountants
RLJB Business Consulting Limited
14 Winchester Road
Andover
Hampshire
SP10 2EG
Sevenfold Properties Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
197,830
85,000
Cash at bank and in hand
4,163
-
Creditors: amounts falling due within one year
(245,266)
(26,548)
Net current liabilities
(241,083)
(17,528)
Total assets less current liabilities
(43,253)
67,472
Creditors: amounts falling due after more than one year
(1,394)
(63,730)
Net (liabilities)/assets
(44,647)
3,742
Called up share capital
20
20
Profit and loss account
(44,667)
3,722
Shareholders' funds
(44,647)
3,742
For the year ending 30 April 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 21 November 2024 and were signed on its behalf by
Tim Stedeford
Director
Company Registration No. 14041508
Sevenfold Properties Ltd
Notes to the Accounts
for the year ended 30 April 2024
Sevenfold Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14041508. The registered office is 136 HIGH STREET, ILFRACOMBE, EX34 9EZ, 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.
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:
Fixtures & fittings
10 years
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
85,000
-
85,000
Additions
108,498
4,332
112,830
At 30 April 2024
193,498
4,332
197,830
At 30 April 2024
193,498
4,332
197,830
At 30 April 2023
85,000
-
85,000
Amounts falling due within one year
Sevenfold Properties Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
213,234
-
Taxes and social security
720
-
Other creditors
31,312
26,548
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).