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COMPANY REGISTRATION NUMBER: 11169882
SAYES HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2023
SAYES HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
SAYES HOLDINGS LIMITED
BALANCE SHEET
30 June 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
2,502,500
2,500,000
Current assets
Debtors
5
211,067
Cash at bank and in hand
1,275
1,275
------------
------------
1,275
212,342
Creditors: amounts falling due within one year
6
( 2,775)
( 211,342)
------------
------------
Net current (liabilities)/assets
( 1,500)
1,000
------------
------------
Total assets less current liabilities
2,501,000
2,501,000
------------
------------
Capital and reserves
Called up share capital
7
1,375
1,375
Share premium account
2,499,625
2,499,625
------------
------------
Shareholders funds
2,501,000
2,501,000
------------
------------
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 profit and loss account has not been delivered.
For the year ending 30 June 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their 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 17 November 2023 , and are signed on behalf of the board by:
Mr S G M Tatler
Director
Company registration number: 11169882
SAYES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 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 St Pauls Works, Richardshaw Road, Stanningley, Pudsey, LS28 6BR.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 July 2022
2,500,000
Additions
2,500
------------
At 30 June 2023
2,502,500
------------
Impairment
At 1 July 2022 and 30 June 2023
------------
Carrying amount
At 30 June 2023
2,502,500
------------
At 30 June 2022
2,500,000
------------
5. Debtors
2023
2022
£
£
Called up share capital not paid
211,067
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
2,775
211,342
------------
------------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 0.005 each
13,755
69
13,755
69
Ordinary B shares of £ 0.005 each
41,250
206
41,250
206
Ordinary C shares of £ 0.005 each
75,625
378
75,625
378
Ordinary D shares of £ 0.005 each
75,625
378
75,625
378
Ordinary E shares of £ 0.005 each
41,250
206
41,250
206
Ordinary F shares of £0.005 each
27,495
137
27,495
137
------------
------------
------------
------------
275,000
1,375
275,000
1,375
------------
------------
------------
------------
Since the balance sheet date, 5 A shares and 13,745 F shares have been redesignated as 13,750 E shares.
8. Control
There is no one controlling party of the company.