| REGISTERED NUMBER: |
| Financial Statements |
| for the Period |
| 24 May 2024 to 30 September 2024 |
| for |
| SEVEN CAPITAL (WATKIN ROAD) LTD |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| VAT |
| Deferred tax asset |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Accrued expenses |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary A | 1 | 1 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| Deficit for the period | ( |
) |
| At 30 September 2024 | ( |
) |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 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 |
| 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. |