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REGISTERED NUMBER: 10304930 (England and Wales)



















Financial Statements

for the Year Ended 30 September 2024

for

SEVEN CAPITAL (BROADWAY RESIDENCES) LTD

SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SEVEN CAPITAL (BROADWAY RESIDENCES) LTD

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Balbinder Singh Sohal





REGISTERED OFFICE: 97 Park Lane
Mayfair
London
London
W1K 7TG





REGISTERED NUMBER: 10304930 (England and Wales)





AUDITORS: Brindleys Limited
Statutory Auditors
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5 2,050,234 2,050,234
Debtors 6 866,862 849,139
Cash at bank and in hand 761 8,652
2,917,857 2,908,025
CREDITORS
Amounts falling due within one year 7 78,476 81,664
NET CURRENT ASSETS 2,839,381 2,826,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,839,381

2,826,361

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 2,839,380 2,826,360
SHAREHOLDERS' FUNDS 2,839,381 2,826,361

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Other Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





Balbinder Singh Sohal - Director


SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Seven Capital (Broadway Residences) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Inventory
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Costs incurred by the company for the conversion of commercial property into residential flats including overheads directly attributable to the project are carried forward as stock until all have been disposed of. The profit/loss will be realised in the accounting period in which the flats are sold.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

2,600

3,600

5. STOCKS
2024 2023
£    £   
Stocks 2,050,234 2,050,234

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,069 -
Amounts owed by group undertakings 863,378 841,088
Prepayments 2,415 8,051
866,862 849,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 617 -
Amounts owed to group undertakings 22,000 -
Corporation Tax 23,545 71,881
Accrued expenses 32,314 9,783
78,476 81,664

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

Each share has one voting right and equal rights to dividends and distributions.

9. RESERVES
Retained
earnings
£   

At 1 October 2023 2,826,360
Profit for the year 13,020
At 30 September 2024 2,839,380

SEVEN CAPITAL (BROADWAY RESIDENCES) LTD (REGISTERED NUMBER: 10304930)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sajjad Sumar (Senior Statutory Auditor)
for and on behalf of Brindleys Brindleys Limited

11. CONTINGENT LIABILITIES

The directors are aware of cladding remedial work that is required to the development project completed.
The cost of these remedial works has not yet been quantified.

12. RELATED PARTY DISCLOSURES

At the year end, the company had an outstanding amount of £80,576 (2023: £80,576) due from its associated company, Seven Living Limited which is registered in England and Wales.

At they year end, the company had an outstanding amount of £782,802 (2023: £760,512) due from its immediate parent company Seven Capital (Broadway) Limited which is registered in England and Wales.

At they year end, the company had an outstanding amount of £22,000 (2023: £nil) due to its parent company Seven Capital Plc which is registered in England and Wales.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Seven Capital Plc.

The consolidated group accounts can be found at the registered office of the parent company Seven Capital Plc at 97 Park Lane, Mayfair, London W1K 7TG.