Company Registration No. 12417959 (England and Wales)
Savage Empire Ltd
Unaudited accounts
for the year ended 31 January 2024
Savage Empire Ltd
Unaudited accounts
Contents
Savage Empire Ltd
Company Information
for the year ended 31 January 2024
Company Number
12417959 (England and Wales)
Registered Office
Barleymow Farm Barn
Evenley
Brackley
NN13 5SB
Savage Empire Ltd
Statement of financial position
as at 31 January 2024
Investment property
481,000
481,000
Cash at bank and in hand
8,833
33,429
Creditors: amounts falling due within one year
(1,249)
(1,250)
Net current assets
7,584
32,179
Total assets less current liabilities
488,584
513,179
Creditors: amounts falling due after more than one year
(455,356)
(475,800)
Provisions for liabilities
Deferred tax
(4,834)
(5,623)
Called up share capital
100
100
Profit and loss account
28,294
31,656
Shareholders' funds
28,394
31,756
For the year ending 31 January 2024 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 director acknowledges her 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 and authorised for issue on 5 March 2024 and were signed on its behalf by
C L Savage
Director
Company Registration No. 12417959
Savage Empire Ltd
Notes to the Accounts
for the year ended 31 January 2024
Savage Empire Ltd is a private company, limited by shares, registered in England and Wales, registration number 12417959. The registered office is Barleymow Farm Barn, Evenley, Brackley, NN13 5SB.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 February 2023
481,000
At 31 January 2024
481,000
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,249
1,250
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
309,000
309,000
Loans from directors
146,356
166,800
Savage Empire Ltd
Notes to the Accounts
for the year ended 31 January 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).