Registered number: 03059081 | ||||||||
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FOR THE YEAR ENDED 31/12/2016 | ||||||||
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Prepared By: | ||||||||
Kojo & Company Limited | ||||||||
Chartered Certified Accountants | ||||||||
118-120 | ||||||||
London Road | ||||||||
Mitcham | ||||||||
Surrey | ||||||||
CR4 3LB |
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SATHY BALA INVESTMENTS LIMITED | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
S Sathiyavadivelu | ||||||||
REGISTERED OFFICE | ||||||||
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London | ||||||||
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COMPANY DETAILS | ||||||||
registered in , registered number 03059081 | ||||||||
ACCOUNTANTS | ||||||||
Kojo & Company Limited | ||||||||
Chartered Certified Accountants | ||||||||
118-120 | ||||||||
London Road | ||||||||
Mitcham | ||||||||
Surrey | ||||||||
CR4 3LB |
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SATHY BALA INVESTMENTS LIMITED | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Strategic Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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SATHY BALA INVESTMENTS LIMITED | ||||||||
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BALANCE SHEET AT
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2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors | 4 | 50,000 | 50,000 | |||||||
Cash at bank and in hand |
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129,022 | 72,703 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | 268,708 | 220,044 | |||||||
NET CURRENT LIABILITIES | (139,686) | (147,341) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 986,607 | 849,970 | ||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 584,183 | 632,308 | |||||||
NET ASSETS | 402,424 | 217,662 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | 1 | 1 | |||||||
Profit and loss account | 402,423 | 217,661 | ||||||||
SHAREHOLDERS' FUNDS |
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217,662 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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SATHY BALA INVESTMENTS LIMITED | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Goodwill | ||||||||
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2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2016 | 23,050 | 23,050 | ||
At 31/12/2016 | 23,050 | 23,050 | ||
Depreciation | ||||
At 01/01/2016 | 23,050 | 23,050 | ||
At 31/12/2016 | 23,050 | 23,050 | ||
Net Book Amounts | ||||
At 31/12/2016 | - | - | ||
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SATHY BALA INVESTMENTS LIMITED | ||||||||
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3. TANGIBLE FIXED ASSETS | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2016 | 1,126,293 | 1,126,293 | ||
At 31/12/2016 | 1,126,293 | 1,126,293 | ||
Depreciation | ||||
At 01/01/2016 | 128,982 | 128,982 | ||
Disposals | (128,982) | (128,982) | ||
At 31/12/2016 | - | - | ||
Net Book Amounts | ||||
At 31/12/2016 |
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At 31/12/2015 |
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4. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Amounts due from group companies | 50,000 | 50,000 | ||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
UK corporation tax | 13,945 | 8,302 | ||||||
PAYE control | 396 | 375 | ||||||
Directors current account | 32,217 | 32,217 | ||||||
Due to Group Companies | 155,000 | 155,000 | ||||||
Other creditors | 63,100 | 20,100 | ||||||
Accruals | 4,050 | 4,050 | ||||||
268,708 | 220,044 | |||||||
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SATHY BALA INVESTMENTS LIMITED | ||||||||
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6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 22,235 | 30,855 | ||||||
Loans >1yr | 37,972 | 48,446 | ||||||
Loans >1yr | 523,976 | 553,007 | ||||||
584,183 | 632,308 | |||||||
The bank loans bear interest at 1.5% above the National Westminster Bank Plc's base rate. They are secured by first legal charge over the investment properties | ||||||||
7. EMPLOYEES | ||||||
2016 | 2015 | |||||
No. | No. | |||||
Average number of employees | 2 | 2 | ||||
8. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1 | 1 | ||||||
1 | 1 | |||||||