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REGISTERED NUMBER: 08868989 (England and Wales)



















Financial Statements

for the Year Ended 30 September 2024

for

SEVEN CAPITAL (1 HAGLEY RD) LIMITED

SEVEN CAPITAL (1 HAGLEY RD) LIMITED (REGISTERED NUMBER: 08868989)






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 (1 HAGLEY RD) LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Damien Anthony Siviter
Balbinder Singh Sohal





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





REGISTERED NUMBER: 08868989 (England and Wales)





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

SEVEN CAPITAL (1 HAGLEY RD) LIMITED (REGISTERED NUMBER: 08868989)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5 150,000 150,000
Debtors 6 360,099 278,794
Cash at bank and in hand 798 48,042
510,897 476,836
CREDITORS
Amounts falling due within one year 7 67,941 36,637
NET CURRENT ASSETS 442,956 440,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,956

440,199

CAPITAL AND RESERVES
Called up share capital 8 50 50
Retained earnings 9 442,906 440,149
SHAREHOLDERS' FUNDS 442,956 440,199

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 (1 HAGLEY RD) LIMITED (REGISTERED NUMBER: 08868989)

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

1. STATUTORY INFORMATION

Seven Capital (1 Hagley Rd) Limited 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.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Inventories
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.

SEVEN CAPITAL (1 HAGLEY RD) LIMITED (REGISTERED NUMBER: 08868989)

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

2. ACCOUNTING POLICIES - continued

Basic financial instruments
Trade and Other Debtors/Creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Interest bearing borrowings classified as basic financial instruments

Interest-bearing borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

3. EMPLOYEES AND DIRECTORS

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

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

2,000

1,900

5. STOCKS
2024 2023
£    £   
Finished goods 150,000 150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,750 18,750
Amounts owed by group undertakings 306,349 228,849
Other debtors 50,000 26,112
Prepayments - 5,083
360,099 278,794

SEVEN CAPITAL (1 HAGLEY RD) LIMITED (REGISTERED NUMBER: 08868989)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation Tax 869 -
VAT 625 585
Other creditors 26,972 32,152
Accrued expenses 39,475 3,900
67,941 36,637

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
48 Ordinary A 1 48 48
1 Ordinary B 1 1 1
1 Ordinary C 1 1 1
50 50

Each ordinary A share has one voting right and is entitled to receive 20% of any dividends and distributions.

Each ordinary B share has one voting right and is entitled to receive 40% of any dividends and distributions.

Each ordinary C share has one voting right and is entitled to receive 40% of any dividends and distributions.

9. RESERVES
Retained
earnings
£   

At 1 October 2023 440,149
Profit for the year 2,757
At 30 September 2024 442,906

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 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.

SEVEN CAPITAL (1 HAGLEY RD) LIMITED (REGISTERED NUMBER: 08868989)

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

12. RELATED PARTY DISCLOSURES

During the year, the company was charged management fees of £35,000 (2023: £20,000) by its parent company, Seven Capital Plc, which is registered in England.


At the year end, the company had an outstanding amount from the following companies which are registered in England:

1. Seven Capital Plc, Parent company of £82,949 (2023: £5,449)
2. Seven Capital (Broadway) Ltd, associated company of £200,000 (2023: £200,000)
3. Seven Capital (JQ) Ltd, associated company of £23,400 (2023: £23,400)

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.