IRIS Accounts Production v23.2.0.158 05922102 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059221022022-03-31059221022023-03-31059221022022-04-012023-03-31059221022021-03-31059221022021-04-012022-03-31059221022022-03-3105922102ns10:Originalns15:EnglandWales2022-04-012023-03-3105922102ns14:PoundSterlingns10:Original2022-04-012023-03-3105922102ns10:Originalns10:Director12022-04-012023-03-3105922102ns10:Original2022-04-012023-03-3105922102ns10:Original2023-03-3105922102ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105922102ns10:Originalns10:SmallEntities2022-04-012023-03-3105922102ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105922102ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105922102ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105922102ns10:Originalns10:FullAccounts2022-04-012023-03-3105922102ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105922102ns10:Original2022-03-3105922102ns10:Originalns5:CurrentFinancialInstruments2023-03-3105922102ns10:Originalns5:CurrentFinancialInstruments2022-03-3105922102ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105922102ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105922102ns5:ShareCapitalns10:Original2023-03-3105922102ns5:ShareCapitalns10:Original2022-03-3105922102ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105922102ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105922102ns10:Originalns5:MotorVehicles2022-04-012023-03-3105922102ns10:Originalns5:ComputerEquipment2022-04-012023-03-3105922102ns10:Originalns5:MotorVehicles2022-03-3105922102ns10:Originalns5:ComputerEquipment2022-03-3105922102ns10:Original2022-03-3105922102ns10:Originalns5:MotorVehicles2023-03-3105922102ns10:Originalns5:ComputerEquipment2023-03-3105922102ns10:Originalns5:MotorVehicles2022-03-3105922102ns10:Originalns5:ComputerEquipment2022-03-3105922102ns10:Originalns5:CostValuation2022-03-3105922102ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105922102ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105922102ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3105922102ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-3105922102ns5:Securedns10:Original2023-03-3105922102ns5:Securedns10:Original2022-03-31
REGISTERED NUMBER: 05922102 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

Saville Homes Limited

Saville Homes Limited (Registered number: 05922102)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Saville Homes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A G Saville





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 05922102 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Saville Homes Limited (Registered number: 05922102)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 27,613 46,286
Investments 6 100 100
27,713 46,386

CURRENT ASSETS
Inventories 967,380 960,170
Debtors 7 281,279 745,066
Cash at bank 8,627 10,277
1,257,286 1,715,513
CREDITORS
Amounts falling due within one year 8 (302,373 ) (648,076 )
NET CURRENT ASSETS 954,913 1,067,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

982,626

1,113,823

CREDITORS
Amounts falling due after more than one
year

9

(1,031,929

)

(1,059,488

)
NET (LIABILITIES)/ASSETS (49,303 ) 54,335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (49,403 ) 54,235
SHAREHOLDERS' FUNDS (49,303 ) 54,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Saville Homes Limited (Registered number: 05922102)

Statement of Financial Position - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





A G Saville - Director


Saville Homes Limited (Registered number: 05922102)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Saville Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern
The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company was in a position of net current assets but with negative retained profits. The company's main creditors are long term loans due for repayment in more than five years. The directors have reviewed the company's cash flow and and working capital requirements and consider that the company has sufficient resources to continue trading for a period of at least twelve months from the date of the signing of these financial statements. On this basis, the directors are satisfied that the company may prepare its financial statements on the going concern basis

Preparation of consolidated financial statements
The financial statements contain information about Saville Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income represents rents receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost represents all direct expenditure.


Saville Homes Limited (Registered number: 05922102)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

The company is part of a tax group for certain aspects of tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. Where payment for group relief is made, this is at amounts equal to the tax benefit and included within the current tax disclosures.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

5. PROPERTY, PLANT AND EQUIPMENT
Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2022 70,155 - 70,155
Additions - 7,136 7,136
Disposals (16,900 ) - (16,900 )
At 31 March 2023 53,255 7,136 60,391
Depreciation
At 1 April 2022 23,869 - 23,869
Charge for year 11,572 2,355 13,927
Eliminated on disposal (5,018 ) - (5,018 )
At 31 March 2023 30,423 2,355 32,778
Net book value
At 31 March 2023 22,832 4,781 27,613
At 31 March 2022 46,286 - 46,286

Saville Homes Limited (Registered number: 05922102)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost
At 1 April 2022
and 31 March 2023 100
Net book value
At 31 March 2023 100
At 31 March 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Amounts owed by group undertakings 234,859 679,370
Other debtors 46,420 65,696
281,279 745,066

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,070 8,431
Trade creditors - 4,794
Other creditors 287,303 624,851
302,373 648,076

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 21,667 31,667
Hire purchase contracts 20,772 38,331
Other creditors 989,490 989,490
1,031,929 1,059,488

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 989,490 989,490

Saville Homes Limited (Registered number: 05922102)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £   
Other loans 989,490 990,365

Secured debts include amounts secured over assets held in group companies under the terms of the commercial loan.