2 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 976,951 976,951 976,951 xbrli:pure xbrli:shares iso4217:GBP 03340127 2022-04-01 2023-02-28 03340127 2023-02-28 03340127 2021-04-01 2022-03-31 03340127 2022-03-31 03340127 bus:Director1 2022-04-01 2023-02-28 03340127 core:WithinOneYear 2023-02-28 03340127 core:WithinOneYear 2022-03-31 03340127 core:AfterOneYear 2022-03-31 03340127 core:UKTax 2022-04-01 2023-02-28 03340127 core:UKTax 2021-04-01 2022-03-31 03340127 core:ShareCapital 2023-02-28 03340127 core:ShareCapital 2022-03-31 03340127 core:RevaluationReserve 2022-03-31 03340127 core:RetainedEarningsAccumulatedLosses 2023-02-28 03340127 core:RetainedEarningsAccumulatedLosses 2022-03-31 03340127 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 03340127 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-02-28 03340127 core:Non-currentFinancialInstruments 2022-03-31 03340127 bus:SmallEntities 2022-04-01 2023-02-28 03340127 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-02-28 03340127 bus:FullAccounts 2022-04-01 2023-02-28 03340127 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-02-28 03340127 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-02-28
COMPANY REGISTRATION NUMBER: 03340127
Sedona Estates (UK) Limited
Filleted Unaudited Financial Statements
For the period ended
28 February 2023
Sedona Estates (UK) Limited
Statement of Financial Position
28 February 2023
28 Feb 23
31 Mar 22
Note
£
£
£
Fixed assets
Investments
6
976,951
Current assets
Debtors
7
512
Cash at bank and in hand
923,644
5,156
---------
-------
923,644
5,668
Creditors: amounts falling due within one year
8
107,224
13,110
---------
--------
Net current assets/(liabilities)
816,420
( 7,442)
---------
---------
Total assets less current liabilities
816,420
969,509
Creditors: amounts falling due after more than one year
9
28,380
Provisions
Taxation including deferred tax
96,748
---------
---------
Net assets
816,420
844,381
---------
---------
Sedona Estates (UK) Limited
Statement of Financial Position (continued)
28 February 2023
28 Feb 23
31 Mar 22
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Revaluation reserve
641,536
Profit and loss account
816,320
202,745
---------
---------
Shareholders funds
816,420
844,381
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have 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 financial statements were approved by the board of directors and authorised for issue on 24 March 2023 , and are signed on behalf of the board by:
R C Hart
Director
Company registration number: 03340127
Sedona Estates (UK) Limited
Notes to the Financial Statements
Period from 1 April 2022 to 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Flitwick Road, Maulden, Bedfordshire, MK45 2BJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Going concern
The director has decided to close the business and therefore these financial statements have been prepared on a basis other than going concern.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tax on (loss)/profit
Major components of tax (income)/expense
Period from
1 Apr 22 to
Year to
28 Feb 23
31 Mar 22
£
£
Current tax:
UK current tax expense
89,335
4,072
Adjustments in respect of prior periods
6
--------
-------
Total current tax
89,341
4,072
--------
-------
Deferred tax:
Origination and reversal of timing differences
( 96,748)
19,370
--------
--------
Tax on (loss)/profit
( 7,407)
23,442
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2022
976,951
Disposals
( 976,951)
---------
At 28 February 2023
---------
Impairment
At 1 April 2022 and 28 February 2023
---------
Carrying amount
At 28 February 2023
---------
At 31 March 2022
976,951
---------
7. Debtors
28 Feb 23
31 Mar 22
£
£
Other debtors
512
----
----
8. Creditors: amounts falling due within one year
28 Feb 23
31 Mar 22
£
£
Trade creditors
4,371
Social security and other taxes
89,335
4,072
Other creditors
17,889
4,667
---------
--------
107,224
13,110
---------
--------
9. Creditors: amounts falling due after more than one year
28 Feb 23
31 Mar 22
£
£
Other creditors
28,380
----
--------