Registered number: 00857557
THE SEFTON GROUP LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
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THE SEFTON GROUP LIMITED
REGISTERED NUMBER:
00857557
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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CREDITORS:
amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS:
amounts falling due after more than one year
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The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act")
and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
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THE SEFTON GROUP LIMITED
ABBREVIATED BALANCE SHEET
(continued)
AS AT
30 SEPTEMBER 2015
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on
30 June 2016
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The notes on pages 3 to 6 form part of these financial statements.
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THE SEFTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
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The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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The company depends on its existing bank facilities to meet its day to day working capital requirements. Current forecasts indicate that the company expects to be able to operate within these facilities for whole of the foreseeable future. These facilities are renewed annually and are not guaranteed for the period covered by the going concern review. The Directors are not aware, however, of any circumstances that may adversely affect the renewal of these facilities. Accordingly, the directors believe it is appropriate to prepare the financial statements on the going concern basis.
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Investments held as fixed assets are shown at cost less provision for impairment.
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Investments are included at cost less amounts written off. profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.
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THE SEFTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
2.
TANGIBLE FIXED ASSETS
3.
FIXED ASSET INVESTMENTS
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At 1 October 2014 and 30 September 2015
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At 1 October 2014 and 30 September 2015
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Page 4
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THE SEFTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
3.
FIXED ASSET INVESTMENTS (continued)
Subsidiary undertakings
The following were subsidiary undertakings of the company, together with the percentage of equity capital held:
The aggregate of the share capital and reserves as at 30 September 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Sefton Land Limited - (property company)
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Sefton Securities Limited - (property company)
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4.
DEBTORS
Debtors include £253,007
(2014 - £
276,673
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falling due after more than one year.
5.
SHARE CAPITAL
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Allotted, called up and fully paid
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1,000
Ordinary
shares of £
1
each
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119,000
Non-voting ordinary
shares of £
1
each
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6.
OPERATING LEASE COMMITMENTS
At 30 September 2015 the company had annual commitments under non-cancellable operating leases as follows:
7.
RELATED PARTY TRANSACTIONS
Transactions and balances with related parties were as follows:
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THE SEFTON GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
7.
RELATED PARTY TRANSACTIONS (continued)
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Loan to Sefton Land Limited - Subsidiary Company
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Loan to Sefton Securities Limited - Subsidiary Company
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Loans from C.M. Ames, Director and Shareholders
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Fees recoverable from Sefton Group Limited Directors Pension Scheme - the directors are members of the Pension Fund
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Mr. S.S. Ames is a former director and shareholder and brother of the director, Mr. C.M. Ames.
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