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
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
SAVMONT DEVELOPMENTS LTD
Statement of financial position
as at 31 May 2023
Called up share capital not paid
1,027
8,295
Tangible assets
275,000
275,000
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)
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
SAVMONT DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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.
Amounts falling due within one year
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
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).