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Registration number: 12570845

Selsdon Group Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2023

 

Selsdon Group Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Selsdon Group Limited

Company Information

Directors

GJ Gallen

G W Beadle

L A Preston

BJ Gallen

Registered office

C/o The McCay Partnership
24 Capital Business Centre, 22 Carlton Road
South Croydon
Surrey
CR2 0BS

Accountants

The McCay Partnership
Chartered Accountants
Unit 24
22 Carlton Road
South Croydon
Surrey
CR2 0BS

 

Selsdon Group Limited

(Registration number: 12570845)
Abridged Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

4,935,658

4,935,658

Creditors: Amounts falling due within one year

(908,233)

(1,008,233)

Net assets

 

4,027,425

3,927,425

Capital and reserves

 

Called up share capital

6

100

100

Revaluation reserve

3,735,658

3,735,658

Retained earnings

291,667

191,667

Shareholders' funds

 

4,027,425

3,927,425

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 January 2024 and signed on its behalf by:
 

.........................................
L A Preston
Director

 

Selsdon Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o The McCay Partnership
24 Capital Business Centre, 22 Carlton Road
South Croydon
Surrey
CR2 0BS
England

The principal place of business is:
Twin Bridges Business Park
Unit 10
232 Selsdon Road
South Croydon
Surrey
CR2 6PL

These financial statements were authorised for issue by the Board on 26 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Selsdon Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Selsdon Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

4

Investments

Total
£

Cost or valuation

At 1 May 2022

4,935,658

Provision

Carrying amount

At 30 April 2023

4,935,658

At 30 April 2022

4,935,658

2023
£

2022
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Selsdon Building Contractors Limited

C/O The McCay Partnership
24 Capital Business Centre
22 Carlton Road
South Croydon
CR2 0BS

England

Ordinary

100%

100%

Subsidiary undertakings

Selsdon Building Contractors Limited

The principal activity of Selsdon Building Contractors Limited is Building Contractors.

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

Selsdon Group Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

A Ordinary of £1 each

25

25

25

25

B Ordinary of £1 each

25

25

25

25

C Ordinary of £1 each

25

25

25

25

D Ordinary of £1 each

25

25

25

25

Ordinary of £1 each

-

-

-

-

 

100

100

100

100

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

8

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £4,470.00 (2022 - £4,300.00) per each B Ordinary

 

111,759

 

107,500

Interim dividend of £4,470.00 (2022 - £4,300.00) per each C Ordinary

 

111,759

 

107,500

Interim dividend of £4,470.00 (2022 - £4,300.00) per each D Ordinary

 

111,759

 

107,500

Interim dividend of £600.00 (2022 - £800.00) per each A Ordinary

 

15,000

 

20,000

   

350,277

 

342,500