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REGISTERED NUMBER: 05010426 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Sion Developments Ltd

Sion Developments Ltd (Registered number: 05010426)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sion Developments Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr J C G Dellow
Mr R H Sawyer
Mrs S J Sawyer





REGISTERED OFFICE: Wessex House
Pixash Lane
Keynsham
Bristol
BS31 1TP





REGISTERED NUMBER: 05010426 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Sion Developments Ltd (Registered number: 05010426)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 18,839 32,783
Cash at bank 1,523 714
20,362 33,497
CREDITORS
Amounts falling due within one year 1,995 160,344
NET CURRENT ASSETS/(LIABILITIES) 18,367 (126,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,367

(126,847

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 17,367 (127,847 )
SHAREHOLDERS' FUNDS 18,367 (126,847 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Sion Developments Ltd (Registered number: 05010426)

Abridged Balance Sheet - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




Mr J C G Dellow - Director



Mr R H Sawyer - Director


Sion Developments Ltd (Registered number: 05010426)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Sion Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company ceased trading at the balance sheet date. The financial statements have not, therefore, been prepared on a going concern basis. Accordingly, full provision has been made in these accounts for all known liabilities and anticipated losses on realisation of assets. This is in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

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 or deferred taxation assets and liabilities are not discounted.

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.


Sion Developments Ltd (Registered number: 05010426)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


3. ACCOUNTING POLICIES - continued
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.

Exceptional items
The company discloses as exceptional items material items which derive from events or transactions that fall within the ordinary activities of the reporting entity and which individually, or, if of a similar type, in aggregate, it is considered need to be disclosed by virtue of their size or incidence if the financial statements are to give a true and fair view.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 923
Disposals (923 )
At 28 February 2023 -
DEPRECIATION
At 1 March 2022 923
Eliminated on disposal (923 )
At 28 February 2023 -
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 586

Sion Developments Ltd (Registered number: 05010426)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. CONTINGENT LIABILITIES

This company has given an unlimited guarantee in respect of the bank borrowings of Ashlar Group Ltd. At the balance sheet date there was £nil borrowing.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ashlar Group Ltd.

The ultimate controlling party is Mr J C G Dellow and Mr R H Sawyer.

10. GOING CONCERN

The company ceased trading on 28 February 2023. Consequently all assets and liabilities have been written down to their realisable values.