REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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SEVEN TWO TWO LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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FOR |
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SEVEN TWO TWO LIMITED |
SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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SEVEN TWO TWO LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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BALANCE SHEET |
30 SEPTEMBER 2017 |
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30.9.17 | 30.9.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
Amounts falling due after more than one year | 6 |
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PROVISIONS FOR LIABILITIES | 8 | ( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Revaluation reserve |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Seven Two Two Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going Concern |
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The company is dependent upon the continuing support of the bank for its capital financing. |
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The company is also dependent on the support of its shareholders. The directors have confirmed that this support |
will continue for the foreseeable future. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Revaluation of tangible fixed assets |
Individual freehold and leasehold properties are carried at current year value at the balance sheet date. A full |
valuation is obtained from a qualified valuer for each property every five years, with an interim valuation three years |
after the previous full valuation, and in the year where it is likely that there has been a material change in value. |
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Deferred taxation |
Full provision is made for deferred tax assets and liabilities arising fromm all timing differences between the |
recognition of gains and losses in the financial statements and recognition in the tax computation. |
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Deferred tax is not provided on timing differences arising from the revaluation of fixed assets in the financial |
statements. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable |
taxable profits from which the future reversal of underlying timing differences can be deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time of the timing |
differences are expected to reverse. |
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Deferred tax assets and liabilities are not discounted. |
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Turnover |
Turnover comprises revenue recognised by the company in respect of rents receivable from tenants, exclusive of |
Value Added Tax and trade discounts. |
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Service charges invoiced to tenants are not included within turnover. They are held separately by managing agents |
and are use to meet expenditure in relation to the running of the company. |
SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 October 2016 |
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Revaluations | ( |
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At 30 September 2017 |
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DEPRECIATION |
At 1 October 2016 |
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Charge for year |
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At 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 30 September 2016 |
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Cost or valuation at 30 September 2017 is represented by: |
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Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2010 | 2,945,024 | - | 2,945,024 |
Valuation in 2017 | (4,714,847 | ) | - | (4,714,847 | ) |
Cost | 7,576,286 | 7,189 | 7,583,475 |
5,806,463 | 7,189 | 5,813,652 |
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If the land and buildings had not been revalued they would have been included at the following historical cost: |
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30.9.17 | 30.9.16 |
£ | £ |
Cost | 7,576,286 | 7,576,286 |
Aggregate depreciation | (1,606,463 | ) | (1,396,037 | ) |
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Value of land in freehold land and buildings | 5,969,823 | 6,180,249 |
SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.9.17 | 30.9.16 |
£ | £ |
Amounts owed to group undertakings |
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Other creditors |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.9.17 | 30.9.16 |
£ | £ |
Bank loans |
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Bank loans are secured against the property included within fixed assets. |
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8. | PROVISIONS FOR LIABILITIES |
30.9.17 | 30.9.16 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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8. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 October 2016 |
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Accelerated capital allowances | (25,010 | ) |
Balance at 30 September 2017 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.17 | 30.9.16 |
value: | £ | £ |
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Ordinary A Share | 1 | 1 | 1 |
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Ordinary B Share | 1 | 1 | 1 |
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Ordinary C Share | 100 | 100 | 100 |
102 | 102 |
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The A, B and C ordinary shares are separate classes of shares and shall rank pari passu except as outlined below: |
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The A & B ordinary shares shall each carry one vote. No resolution shall be passed at any general meeting unless the |
A and B ordinary shareholders each vote in favour of it. The holders of the A and B ordinary shares shall each have |
the right to appoint and remove up to two persons as directors. The A or B Shares shall not confer any right to vote |
upon a resolution for the removal from office or appointment of a director appointed by holders of any other class of |
shares. |
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The C ordinary shares shall carry no rights to receive notice of general meetings and shall have no rights to vote at |
any general meeting. The holders of the C ordinary shares have the right to appoint and remove one person as a |
director. The C ordinary shares shall not confer any right to vote upon a resolution for the removal from office or |
appointment of a director appointed by holders of any class of shares. The C ordinary shares confer no right to a |
sum, resolved to be capitalised to the members pursuant to regulation 110. |
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All shares are not transferable without the consent of all members. |
SEVEN TWO TWO LIMITED (REGISTERED NUMBER: 04401683) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
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10. | RELATED PARTY DISCLOSURES |
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Included in creditors falling due within one year is a balance of £1,037,805 (2016:£1,037,792) owed by |
Grangewood Enterprises Limited, the company's shareholder. |
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Included in creditors falling due within one year is a balance of £93,441 (2016:£93,441) owed by |
Marchant Estates Limited, a company in which J M Smithies is a director. |
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Included in creditors falling due within one year is a balance of £1,127,901 (2016:£1,128,081) owed by J F |
Finnegan Limited, a company in which G A Smith is a director. |
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Included in debtors falling due within one year is an amount of £7,500 (2016:£7,500) due from Junction 33 |
Development (Holdings) Limited. Grangewood Enterprises Limited is a corporate director of Junction 33 |
Development (Holdings) Limited and J F Finnegan Limited is a shareholder. |