Spa Gardens Investments Limited - Period Ending 2017-11-30

Registration number: 10498138

Spa Gardens Investments Limited

Annual Report and Unaudited Financial Statements

for the Period from 25 November 2016 to 30 November 2017

KNAV UK Limited
Kajaine House
57-67 High Street
Edgware
HA8 7DD

Spa Gardens Investments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Spa Gardens Investments Limited

Company Information

Directors

Mr S Ahsani Mr W P Harford

Registered office

6 Chesterfield Gardens London W1J 5BQ

Accountants

KNAV UK Limited Kajaine House 57-67 High Street Edgware HA8 7DD

Page 1

Spa Gardens Investments Limited

(Registration number: 10498138)
Balance Sheet as at 30 November 2017

	Note	2017 £
Current assets
Debtors	4	1,198,867
Investments	5	8
Cash at bank and in hand		31,099
		1,229,974
Creditors: Amounts falling due within one year	6	(1,350,493)
Net liabilities		(120,519)
Capital and reserves
Called up share capital	7	100
Profit and loss account		(120,619)
Total equity		(120,519)

For the financial period ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 October 2018 and signed on its behalf by:
 

.........................................

Mr S Ahsani
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Spa Gardens Investments Limited

Notes to the Financial Statements for the Period from 25 November 2016 to 30 November 2017

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Chesterfield Gardens
London
W1J 5BQ
England

These financial statements were authorised for issue by the Board on 4 October 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is dependent on continuing finance being made available by its parent company and the company directors to enable it to continue operating and to meet its debts as they fall due. The parent company and the company directors have agreed to provide sufficient funds for these purposes for at least 12 months from the date that these accounts are approved by the directors. The directors believe it is therefore appropriate to prepare the financial statements on a going concern.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

	2017 £
Other debtors	1,198,867
Total current trade and other debtors	1,198,867

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Spa Gardens Investments Limited

Notes to the Financial Statements for the Period from 25 November 2016 to 30 November 2017

5	Current asset investments

	2017 £
Other investments	8

6

Creditors

Creditors: amounts falling due within one year

	Note	2017 £
Due within one year
Other creditors		1,346,113
Accrued expenses		4,380
		1,350,493

7	Share capital

Allotted, called up and fully paid shares

	2017
	No.	£
Ordinary shares of £1 each	100	100

8	Related party transactions

Directors' remuneration

The directors' remuneration for the period was as follows:

	2017 £
Remuneration	10,000

Other transactions with directors

At the balance sheet date an amount of £477,131 was due from Mr S Ahsani to the company in respect of his director's current account. The entire amount was repaid to the company on 22 August 2018.

Page 4

Spa Gardens Investments Limited

Notes to the Financial Statements for the Period from 25 November 2016 to 30 November 2017

Summary of transactions with other related parties

LRE Capital Ltd

Mr S Ahsani is also a director and shareholder in LRE Capital Ltd, a company registered in the UK.

Other debtors includes amounts due from LRE Capital Ltd.

At the balance sheet date the amount owed by LRE Capital Ltd was £109,861.

9	Parent undertaking

The company's immediate parent is Right Concept Investments Limited, incorporated in United Arab Emirates.

 

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