SOLLER FOURTEEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Soller Fourteen Limited is a private company, limited by shares, incorporated in England & Wales, registration number 12326278. The registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The company did not trade during the period.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements have been prepared in pounds sterling, the functional currency, rounded to the nearest £1.
The company has net current liabilities of £1,200 and total net liabilities of £1,200 at the balance sheet date.
The financial statements have been prepared on the going concern basis. The period considered by the director in his review of going concern is 12 months from the date of signature of the financial statements. The director has confirmed his willingness and ability to support the business for the following 12 months.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Prepayments and accrued income
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