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REGISTERED NUMBER: 05362091 (England and Wales)






Unaudited Financial Statements

for the Year Ended 28th February 2023

for

SARRATT MANAGEMENT LIMITED

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SARRATT MANAGEMENT LIMITED

Company Information
for the Year Ended 28th February 2023







Director: R D Potter





Registered office: 1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU





Registered number: 05362091 (England and Wales)





Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Balance Sheet
28th February 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
79,665 Tangible assets 4 75,139
47,441 Investments 5 47,441
1,020,000 Investment property 6 1,020,000
1,147,106 1,142,580

CURRENT ASSETS
2,064 Debtors 7 56,559
1,319 Cash at bank -
3,383 56,559
CREDITORS
110,313 Amounts falling due within one year 8 219,408
(106,930 ) NET CURRENT LIABILITIES (162,849 )

1,040,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,731

CREDITORS

(608,461

)
Amounts falling due after more than one
year

9

(530,500

)

(49,418 ) PROVISIONS FOR LIABILITIES 11 (63,893 )
382,297 NET ASSETS 385,338

CAPITAL AND RESERVES
100 Called up share capital 12 100
222,723 Revaluation reserve 13 222,723
159,474 Retained earnings 13 162,515
382,297 SHAREHOLDERS' FUNDS 385,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Balance Sheet - continued
28th February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th November 2023 and were signed by:





R D Potter - Director


SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Sarratt Management 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.

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

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 etc - 33% on written down values and 5% on written down values

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Totals machinery fittings
£    £    £   
Cost
At 1st March 2022
and 28th February 2023 119,461 111,278 8,183
Depreciation
At 1st March 2022 39,796 33,529 6,267
Charge for year 4,526 3,890 636
At 28th February 2023 44,322 37,419 6,903
Net book value
At 28th February 2023 75,139 73,859 1,280
At 28th February 2022 79,665 77,749 1,916

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1st March 2022
and 28th February 2023 47,441
Net book value
At 28th February 2023 47,441
At 28th February 2022 47,441

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st March 2022
and 28th February 2023 1,020,000
Net book value
At 28th February 2023 1,020,000
At 28th February 2022 1,020,000

Fair value at 28th February 2023 is represented by:
£   
Valuation in 2023 1,020,000

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,500 339
Amounts owed by group undertakings 53,438 -
Prepayments and accrued income 1,621 1,725
56,559 2,064

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 57,313 27,567
Amounts owed to group undertakings 54,314 6,808
Corporation tax 12,135 11,007
Social security and other taxes 6,037 2,453
VAT 19,576 18,331
Directors' current accounts 22,968 6,370
Accruals and deferred income 47,065 37,777
219,408 110,313

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 430,500 508,461
Directors loan account 100,000 100,000
530,500 608,461

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 210,500 344,461

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,231 -
Bank loans 55,082 27,567
57,313 27,567

Amounts falling due between two and five years:
Bank loans - 2-5 years 220,000 164,000

Amounts falling due in more than five years:

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

10. LOANS - continued
2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 210,500 344,461

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 18,785 15,136
Other timing differences 45,108 34,282
63,893 49,418

Deferred
tax
£   
Balance at 1st March 2022 49,418
Credit to Income Statement during year (7,984 )
Property revaluation reserve 22,459
Balance at 28th February 2023 63,893

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

13. RESERVES
Retained Revaluation
Totals earnings reserve
£    £    £   

At 1st March 2022 382,197 159,474 222,723
Profit for the year 3,041 3,041
At 28th February 2023 385,238 162,515 222,723