Company Registration No. 08765435 (England and Wales)
SIDMOUTH INVESTMENT LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 NOVEMBER 2014
SIDMOUTH INVESTMENT LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
SIDMOUTH INVESTMENT LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SIDMOUTH INVESTMENT LIMITED FOR THE PERIOD ENDED 30 NOVEMBER 2014
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sidmouth Investment Limited for the period ended 30 November 2014 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Sidmouth Investment Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sidmouth Investment Limited and state those matters that we have agreed to state to the Board of Directors of Sidmouth Investment Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sidmouth Investment Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Sidmouth Investment Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sidmouth Investment Limited. You consider that Sidmouth Investment Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Sidmouth Investment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Gerald Edelman
30 November 2015
Chartered Accountants
73 Cornhill,
London
EC3V 3QQ
SIDMOUTH INVESTMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 2 -
2014
Notes
£
£
Current assets
Stocks
1,172,934
Debtors
1,061
Cash at bank and in hand
14,641
1,188,636
Creditors: amounts falling due within one year
(416,695)
Total assets less current liabilities
771,941
Creditors: amounts falling due after more than one year
(818,410)
(46,469)
Capital and reserves
Called up share capital
2
1
Profit and loss account
(46,470)
Shareholders' funds
(46,469)
For the financial period ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 November 2015
A Pasha
Director
Company Registration No. 08765435
SIDMOUTH INVESTMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 NOVEMBER 2014
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Comparatives
There are no comparatives this being the company's first period of account.
2
Share capital
2014
£
Allotted, called up and fully paid
1 Ordinary Share of £1 each
1