Sequoia London Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07935639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

SEQUOIA LONDON DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Bowen

Mrs R Seth Bowen

REGISTERED OFFICE:

Third Floor, Lansdowne House

57 Berkeley Square

London

W1J 6ER

REGISTERED NUMBER:

07935639 (England and Wales)

ACCOUNTANTS:

Arithma LLP

Chartered Certified Accountants

9 Mansfield Street

London

W1G 9NY

FIXED ASSETS

Tangible assets

3

2

2

CURRENT ASSETS

Debtors

4

400

3,221

Cash at bank

689

302

1,089

3,523

CREDITORS

Amounts falling due within one year

5

45,066

45,638

NET CURRENT LIABILITIES

(43,977

)

(42,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(43,975

)

(42,113

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(44,075

)

(42,213

)

SHAREHOLDERS' FUNDS

(43,975

)

(42,113

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 December 2018 and were signed on its behalf by:

M J Bowen - Director

1.	STATUTORY INFORMATION

Sequoia London Developments Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GOING CONCERN

The financial statements have been prepared on a going concern basis on the assumption that the

company will continue to trade in the foreseeable future. The basis may not be appropriate because as

at 31 March 2018 the company's liabilities exceeded its assets by £43,975. The directors are of opinion

that with the continued support of the company's shareholder and third party lenders, the company will

be able to meet its liabilities as they fall due for payment.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

5,206

3,178

8,384

DEPRECIATION

At 1 April 2017

and 31 March 2018

5,205

3,177

8,382

NET BOOK VALUE

At 31 March 2018

1

1

2

At 31 March 2017

1

1

2

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

400

3,221

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

72

Other creditors

45,066

45,566

45,066

45,638

6.

CONTROL

The company is controlled by the directors.