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REGISTERED NUMBER: 02728049 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SITECROFT LIMITED

SITECROFT LIMITED (REGISTERED NUMBER: 02728049)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SITECROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr R M Harrison





REGISTERED OFFICE: Amberwell
Toms Lane
Linwood
Ringwood
Hampshire
BH24 3QU





REGISTERED NUMBER: 02728049 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

SITECROFT LIMITED (REGISTERED NUMBER: 02728049)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242 316

CURRENT ASSETS
Stocks 7,286 4,511
Debtors 5 35,000 133,307
Cash at bank 4,503 27,281
46,789 165,099
CREDITORS
Amounts falling due within one year 6 2,195 82,013
NET CURRENT ASSETS 44,594 83,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,836

83,402

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 44,834 83,400
SHAREHOLDERS' FUNDS 44,836 83,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 28 November 2023 and were signed by:





Mr R M Harrison - Director


SITECROFT LIMITED (REGISTERED NUMBER: 02728049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Sitecroft 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. 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.

Turnover
Turnover represents amounts received for the development of land for residential purposes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued at cost plus attributable value.

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 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 NIL (2022 - NIL).

SITECROFT LIMITED (REGISTERED NUMBER: 02728049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 21,450 250 12,745 34,445
DEPRECIATION
At 1 August 2022 21,288 168 12,673 34,129
Charge for year 40 16 18 74
At 31 July 2023 21,328 184 12,691 34,203
NET BOOK VALUE
At 31 July 2023 122 66 54 242
At 31 July 2022 162 82 72 316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,000 -
Amounts owed by associates 32,000 74,892
Other debtors - 58,415
35,000 133,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 45 -
Amounts owed to associates - 77,986
Taxation and social security 1,203 -
Other creditors 947 4,027
2,195 82,013

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr R M Harrison
Balance outstanding at start of year 11,100 (164 )
Amounts advanced 54,661 11,264
Amounts repaid (65,761 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,100

SITECROFT LIMITED (REGISTERED NUMBER: 02728049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Loans to directors are interest bearing and repayable on demand.