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Company Registration No. 13383405 (England and Wales)
SAVMONT DEVELOPMENTS LTD Unaudited accounts for the year ended 31 May 2023
SAVMONT DEVELOPMENTS LTD Unaudited accounts Contents
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SAVMONT DEVELOPMENTS LTD Company Information for the year ended 31 May 2023
Directors
Christian Downes Michelle Downed Kim Kidd Martyn Kidd
Company Number
13383405 (England and Wales)
Registered Office
SERGEANTS FARM FORDHAM ROAD MOUNT BURES COLCHESTER ESSEX CO8 5AZ ENGLAND
Accountants
Azoth Solutions Ltd Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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SAVMONT DEVELOPMENTS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1,027 
8,295 
Fixed assets
Tangible assets
275,000 
275,000 
Current assets
Debtors
934 
934 
Creditors: amounts falling due within one year
(195,598)
(201,652)
Net current liabilities
(194,664)
(200,718)
Total assets less current liabilities
81,363 
82,577 
Provisions for liabilities
Deferred tax
(18,711)
(18,711)
Net assets
62,652 
63,866 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
62,552 
63,766 
Shareholders' funds
62,652 
63,866 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2024 and were signed on its behalf by
Christian Downes Director Company Registration No. 13383405
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SAVMONT DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
SAVMONT DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13383405. The registered office is SERGEANTS FARM FORDHAM ROAD, MOUNT BURES, COLCHESTER, ESSEX, CO8 5AZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Fair Value
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2022
275,000 
At 31 May 2023
275,000 
Depreciation
At 31 May 2023
- 
Net book value
At 31 May 2023
275,000 
At 31 May 2022
275,000 
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
934 
934 
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SAVMONT DEVELOPMENTS LTD Notes to the Accounts for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,800 
1,500 
Loans from directors
193,798 
200,152 
195,598 
201,652 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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