IRIS Accounts Production v22.2.0.402 11658790 Board of Directors 1.12.20 30.11.21 30.11.21 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure116587902020-11-30116587902021-11-30116587902020-12-012021-11-30116587902019-11-30116587902019-12-012020-11-30116587902020-11-3011658790ns16:EnglandWales2020-12-012021-11-3011658790ns15:PoundSterling2020-12-012021-11-3011658790ns11:Director12020-12-012021-11-3011658790ns11:PrivateLimitedCompanyLtd2020-12-012021-11-3011658790ns11:SmallEntities2020-12-012021-11-3011658790ns11:AuditExempt-NoAccountantsReport2020-12-012021-11-3011658790ns11:SmallCompaniesRegimeForDirectorsReport2020-12-012021-11-3011658790ns11:SmallCompaniesRegimeForAccounts2020-12-012021-11-3011658790ns11:FullAccounts2020-12-012021-11-3011658790ns11:Director22020-12-012021-11-3011658790ns11:RegisteredOffice2020-12-012021-11-3011658790ns6:CurrentFinancialInstruments2021-11-3011658790ns6:CurrentFinancialInstruments2020-11-3011658790ns6:Non-currentFinancialInstruments2021-11-3011658790ns6:Non-currentFinancialInstruments2020-11-3011658790ns6:ShareCapital2021-11-3011658790ns6:ShareCapital2020-11-3011658790ns6:RevaluationReserve2021-11-3011658790ns6:RevaluationReserve2020-11-3011658790ns6:RetainedEarningsAccumulatedLosses2021-11-3011658790ns6:RetainedEarningsAccumulatedLosses2020-11-3011658790ns6:LeaseholdImprovements2020-11-3011658790ns6:LeaseholdImprovements2020-12-012021-11-3011658790ns6:LeaseholdImprovements2021-11-3011658790ns6:LeaseholdImprovements2020-11-3011658790ns6:WithinOneYearns6:CurrentFinancialInstruments2021-11-3011658790ns6:WithinOneYearns6:CurrentFinancialInstruments2020-11-3011658790ns6:Secured2021-11-3011658790ns6:Secured2020-11-3011658790ns6:DeferredTaxation2020-11-3011658790ns6:DeferredTaxation2020-12-012021-11-3011658790ns6:DeferredTaxation2021-11-30
REGISTERED NUMBER: 11658790 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

ST VINCENTS ESTATES LIMITED

ST VINCENTS ESTATES LIMITED (REGISTERED NUMBER: 11658790)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST VINCENTS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: Ms D M Radcliffe
Mr P C Jordan





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 11658790 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

ST VINCENTS ESTATES LIMITED (REGISTERED NUMBER: 11658790)

BALANCE SHEET
30 NOVEMBER 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,080 6,906
Investment property 5 1,400,000 624,898
1,405,080 631,804

CURRENT ASSETS
Debtors 6 20,916 25,823
Cash at bank 24,416 22,897
45,332 48,720
CREDITORS
Amounts falling due within one year 7 266,940 263,401
NET CURRENT LIABILITIES (221,608 ) (214,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,183,472

417,123

CREDITORS
Amounts falling due after more than one
year

8

(381,640

)

(392,783

)

PROVISIONS FOR LIABILITIES 10 (148,234 ) (1,312 )
NET ASSETS 653,598 23,028

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 627,833 -
Retained earnings 25,665 22,928
SHAREHOLDERS' FUNDS 653,598 23,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

ST VINCENTS ESTATES LIMITED (REGISTERED NUMBER: 11658790)

BALANCE SHEET - continued
30 NOVEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:





Ms D M Radcliffe - Director


ST VINCENTS ESTATES LIMITED (REGISTERED NUMBER: 11658790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

St Vincents Estates 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements show a net current liability position at the balance sheet date. This position is due to loans from connected companies and company director. The connected companies and the director can legally demand repayment of these loans at anytime but will only seek repayment if the company has sufficient funds to do so. On this basis, the directors have prepared the financial statements on the going concern basis.

Turnover
Turnover represents rents receivable in the period net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

ST VINCENTS ESTATES LIMITED (REGISTERED NUMBER: 11658790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 December 2020
and 30 November 2021 9,130
DEPRECIATION
At 1 December 2020 2,224
Charge for year 1,826
At 30 November 2021 4,050
NET BOOK VALUE
At 30 November 2021 5,080
At 30 November 2020 6,906

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020 624,898
Revaluations 775,102
At 30 November 2021 1,400,000
NET BOOK VALUE
At 30 November 2021 1,400,000
At 30 November 2020 624,898

Fair value at 30 November 2021 is represented by:
£   
Valuation in 2021 775,102
Cost 624,898
1,400,000

If investment property had not been revalued it would have been included at the following historical cost:

30.11.21 30.11.20
£    £   
Cost 624,898 624,898

Investment property was valued on an open market basis on 30 November 2021 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Other debtors 20,916 25,823

ST VINCENTS ESTATES LIMITED (REGISTERED NUMBER: 11658790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade creditors - 1,122
Taxation and social security 989 4,489
Other creditors 265,951 257,790
266,940 263,401

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Other creditors 381,640 392,783

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.21 30.11.20
£    £   
Other loans 392,784 403,927

The company's other loans are secured by a first legal charge over the company's investment property and a debenture.

10. PROVISIONS FOR LIABILITIES
30.11.21 30.11.20
£    £   
Deferred tax 148,234 1,312

Deferred
tax
£   
Balance at 1 December 2020 1,312
Provided during year 146,922
Balance at 30 November 2021 148,234

11. RELATED PARTY DISCLOSURES

During the period the company received rent from connected companies totalling £80,004 (30.11.20: £80,004).

The aggregate amount owed to connected companies at the balance sheet date is £241,779 (30.11.20: £234,788).

The aggregate amount owed to the directors at the balance sheet date is £5,392 (30.11.20: £4,220).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms D M Radcliffe.