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REGISTERED NUMBER: 09663587 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

SA STOREY NORTH WEST LIMITED

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 494,558 424,723
Investments 5 100 100
Investment property 6 1,210,483 1,774,202
1,705,141 2,199,025

CURRENT ASSETS
Debtors 7 358,514 337,266
Cash at bank 219,969 117,638
578,483 454,904
CREDITORS
Amounts falling due within one year 8 543,303 1,086,321
NET CURRENT ASSETS/(LIABILITIES) 35,180 (631,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,740,321

1,567,608

CREDITORS
Amounts falling due after more than one year 9 (762,178 ) (857,157 )

PROVISIONS FOR LIABILITIES 11 (79,897 ) (55,033 )
NET ASSETS 898,246 655,418

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 898,146 655,318
SHAREHOLDERS' FUNDS 898,246 655,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

Balance Sheet - continued
30 JUNE 2023



The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Mr S Storey - Director


SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

SA Storey North West Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09663587

Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

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.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties under development are stated at cost plus associated fees which includes costs of acquisition and development, directly attributable fees and expenses.

Once investment properties are completed, they are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 679,136 7,926 61,793 748,855
Additions 115,300 - 41,470 156,770
Disposals (23,490 ) - - (23,490 )
At 30 June 2023 770,946 7,926 103,263 882,135
DEPRECIATION
At 1 July 2022 281,779 5,844 36,509 324,132
Charge for year 64,375 521 9,777 74,673
Eliminated on disposal (11,228 ) - - (11,228 )
At 30 June 2023 334,926 6,365 46,286 387,577
NET BOOK VALUE
At 30 June 2023 436,020 1,561 56,977 494,558
At 30 June 2022 397,357 2,082 25,284 424,723

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 July 2022 1,774,202
Disposals (563,719 )
At 30 June 2023 1,210,483
NET BOOK VALUE
At 30 June 2023 1,210,483
At 30 June 2022 1,774,202

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 37,200 17,040
Amounts owed by group undertakings 293,141 310,226
Other debtors 28,173 10,000
358,514 337,266

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 86,385 775,619
Hire purchase contracts 41,506 36,157
Trade creditors 31,609 19,412
Amounts owed to associates 272,300 185,308
Taxation and social security 71,092 13,616
Other creditors 40,411 56,209
543,303 1,086,321

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 694,320 766,582
Hire purchase contracts 67,858 90,575
762,178 857,157

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 483,099 548,976

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 780,705 1,413,905
Hire purchase contracts 109,364 126,732
890,069 1,540,637

Monies deposited to the company deposit account have been secured by a fixed charge, dated 5 April 2016, in favour of The Royal Bank of Scotland Plc.

The company assets are secured by fixed and floating charges, dated 5 April 2016, in favour of The Royal Bank of Scotland Plc.


Land and Buildings at Lancaster House Farm, are secured by way of 2 fixed and floating charges, dated 3 June 2021, in favour of Together Commercial Finance Limited. This was satisfied on 03.04.2023

Hire Purchase liabilities and other loans are secured against the specific assets to which they relate.

11. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 79,897 55,033

Deferred
tax
£   
Balance at 1 July 2022 55,033
Charge to Statement of Income and Retained Earnings during year 24,864
Balance at 30 June 2023 79,897

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100