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REGISTERED NUMBER: 15739835 (England and Wales)



















Financial Statements

for the Period

24 May 2024 to 30 September 2024

for

SEVEN CAPITAL (WATKIN ROAD) LTD

SEVEN CAPITAL (WATKIN ROAD) LTD (REGISTERED NUMBER: 15739835)






Contents of the Financial Statements
for the Period 24 May 2024 to 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SEVEN CAPITAL (WATKIN ROAD) LTD

Company Information
for the Period 24 May 2024 to 30 September 2024







DIRECTORS: Balbinder Singh Sohal
Damien Anthony Siviter





REGISTERED OFFICE: 97 Park Lane
Mayfair
London
W1K 7TG





REGISTERED NUMBER: 15739835 (England and Wales)





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

SEVEN CAPITAL (WATKIN ROAD) LTD (REGISTERED NUMBER: 15739835)

Statement of Financial Position
30 September 2024

Notes £   
CURRENT ASSETS
Stocks 4 159,616
Debtors 5 57,489
Cash at bank 2,657
219,762
CREDITORS
Amounts falling due within one year 6 222,311
NET CURRENT LIABILITIES (2,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,549

)

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings 8 (2,550 )
SHAREHOLDERS' FUNDS (2,549 )

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 Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





Balbinder Singh Sohal - Director


SEVEN CAPITAL (WATKIN ROAD) LTD (REGISTERED NUMBER: 15739835)

Notes to the Financial Statements
for the Period 24 May 2024 to 30 September 2024

1. STATUTORY INFORMATION

Seven Capital (Watkin Road) 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.

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.

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss Account and Other Comprehensive Income, 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 period 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.

Going concern
The financial statements have been prepared on a going concern basis despite the loss before tax this year of £3,300 . As at 30 September 2024 the company had net liabilities of £2,549. The company is reliant on the support of the parent company to enable it to continue in operational existence for the foreseeable future. The director consider it appropriate to prepare the financial statements on a going concern basis due to the eventual profit expected to be realised on completion of the conversion of the property and sale of the flats.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. STOCKS
£   
Stocks 159,616

SEVEN CAPITAL (WATKIN ROAD) LTD (REGISTERED NUMBER: 15739835)

Notes to the Financial Statements - continued
for the Period 24 May 2024 to 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 30,336
VAT 26,403
Deferred tax asset 750
57,489

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 121,196
Amounts owed to group undertakings 71,335
Accrued expenses 29,780
222,311

7. CALLED UP SHARE CAPITAL

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

8. RESERVES
Retained
earnings
£   

Deficit for the period (2,550 )
At 30 September 2024 (2,550 )

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

The Report of the Auditors was unqualified.

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

10. RELATED PARTY DISCLOSURES

At the year end, the company had an outstanding amount of £71,335 due to the parent company, Seven Capital Plc, which is registered in England and Wales.

11. 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.