1 September 2022 false No description of principal activity Taxfiler 2023.11.1 12908105business:PrivateLimitedCompanyLtd2022-09-012023-08-31 129081052022-08-31 129081052022-09-012023-08-31 12908105business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 12908105business:FilletedAccounts2022-09-012023-08-31 129081052023-08-31 12908105business:Director12022-09-012023-08-31 12908105business:RegisteredOffice2022-09-012023-08-31 129081052022-08-31 12908105core:WithinOneYear2023-08-31 12908105core:WithinOneYear2022-08-31 12908105core:AfterOneYear2023-08-31 12908105core:AfterOneYear2022-08-31 12908105core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-08-31 12908105core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-08-31 12908105core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12908105core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 12908105core:PreviouslyStatedAmount2023-08-31 12908105core:PreviouslyStatedAmount2022-08-31 12908105business:SmallEntities2022-09-012023-08-31 12908105countries:EnglandWales2022-09-012023-08-31 12908105core:ComputerEquipment2022-08-31 12908105core:ComputerEquipment2023-08-31 12908105core:ComputerEquipment2022-09-012023-08-31 129081052021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 12908105 (England and Wales)
SVS Lettings Ltd Unaudited accounts for the year ended 31 August 2023
SVS Lettings Ltd Unaudited accounts Contents
Page
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SVS Lettings Ltd Company Information for the year ended 31 August 2023
Director
Shaun Paul Edward Vinson-Smith
Company Number
12908105 (England and Wales)
Registered Office
4a Crompton Avenue Bidford-on-Avon Alcester Warwickshire B50 4DG England
Accountants
Chadwick Accountants & Bookkeepers Ltd Avon View Offices 90 High Street Bidford-on-Avon Warwickshire B50 4AF
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SVS Lettings Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
261 
523 
Investments
189,496 
189,496 
189,757 
190,019 
Current assets
Debtors
50 
1,460 
Cash at bank and in hand
4,372 
1,363 
4,422 
2,823 
Creditors: amounts falling due within one year
(64,647)
(62,595)
Net current liabilities
(60,225)
(59,772)
Total assets less current liabilities
129,532 
130,247 
Creditors: amounts falling due after more than one year
(133,537)
(133,537)
Net liabilities
(4,005)
(3,290)
Capital and reserves
Capital redemption reserve
120 
120 
Profit and loss account
(4,125)
(3,410)
Shareholders' funds
(4,005)
(3,290)
For the year ending 31 August 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 director acknowledges his 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 18 January 2024 and were signed on its behalf by
Shaun Paul Edward Vinson-Smith Director Company Registration No. 12908105
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SVS Lettings Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
SVS Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12908105. The registered office is 4a Crompton Avenue, Bidford-on-Avon, Alcester, Warwickshire, B50 4DG, 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: 33% Straight line method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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.
Investment property
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.
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SVS Lettings Ltd Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
785 
At 31 August 2023
785 
Depreciation
At 1 September 2022
262 
Charge for the year
262 
At 31 August 2023
524 
Net book value
At 31 August 2023
261 
At 31 August 2022
523 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2022
189,496 
Valuation at 31 August 2023
189,496 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
376 
Deferred tax asset
50 
1,076 
50 
1,452 
Amounts falling due after more than one year
Other debtors
- 
8 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
399 
482 
Loans from directors
64,248 
61,495 
Accruals
- 
618 
64,647 
62,595 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
133,537 
133,537 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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