Company registration number 03266157 (England and Wales)
SYLVAN HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
SYLVAN HOLDINGS LIMITED
COMPANY INFORMATION
Directors
Mr R F Coates
Mr M F Coates
Mrs D A Coates
Secretary
Mr M F Coates
Company number
03266157
Registered office
Sylvan Court
The Old Barn Venny Tedburn
Crediton
Devon
England
EX17 3QB
Accountants
Bush & Co Limited
2 Barnfield Crescent
Exeter
EX1 1QT
SYLVAN HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
SYLVAN HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
5,000
5,000
Current assets
Debtors
4
3,806
3,806
Net current assets
3,806
3,806
Net assets
8,806
8,806
Capital and reserves
Called up share capital
170
170
Share premium account
4,500
4,500
Capital redemption reserve
330
330
Retained earnings
3,806
3,806
Total equity
8,806
8,806

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SYLVAN HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2023
31 May 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 February 2024 and are signed on its behalf by:
Mr R F Coates
Director
Company Registration No. 03266157
SYLVAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
1
Accounting policies
Company information

Sylvan Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sylvan Court, The Old Barn Venny Tedburn, Crediton, Devon, England, EX17 3QB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Basic financial instruments are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts/payments discounted at a market rate of interest. Financial instruments classified as receivable or payable within one year are not amortised.

SYLVAN HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
2
Employees

The average number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
5,000
5,000

The company is the parent company and the sole shareholder of Sylvan Developments (South West) Limited, a company incorporated in England and Wales.

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
3,806
3,806
5
Related party transactions

At the year end, Sylvan Developments (South West) Limited owed Sylvan Holdings Limited £3,806 (2022: £3,806). The loan is interest free with no repayment terms set.

2023-05-312022-06-01false12 February 2024CCH SoftwareCCH Accounts Production 2023.100This is only required for iXBRL purposes and will not appear up in the financial statements
Mr R F CoatesMrs D A CoatesMrs D A CoatesMr M F Coates
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