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REGISTERED NUMBER: 09659083 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SAS DEVELOPMENTS (SWINDON) LIMITED

SAS DEVELOPMENTS (SWINDON) LIMITED (REGISTERED NUMBER: 09659083)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAS DEVELOPMENTS (SWINDON) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: N C Underwood
Miss A Clayton





REGISTERED OFFICE: 4 Pike Villas
Bibury
Cirencester
Gloucestershire
GL7 5NB





REGISTERED NUMBER: 09659083 (England and Wales)





ACCOUNTANTS: ABCS
4 Pike Villas
Bibury
Cirencester
Gloucestershire
GL7 5NB

SAS DEVELOPMENTS (SWINDON) LIMITED (REGISTERED NUMBER: 09659083)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 462,166 446,869

CURRENT ASSETS
Debtors 5 399 233
Cash at bank and in hand 646 699
1,045 932
CREDITORS
Amounts falling due within one year 6 41,936 32,598
NET CURRENT LIABILITIES (40,891 ) (31,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,275

415,203

CREDITORS
Amounts falling due after more than one
year

7

388,960

380,511
NET ASSETS 32,315 34,692

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,215 34,592
32,315 34,692

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.

SAS DEVELOPMENTS (SWINDON) LIMITED (REGISTERED NUMBER: 09659083)

BALANCE SHEET - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





N C Underwood - Director


SAS DEVELOPMENTS (SWINDON) LIMITED (REGISTERED NUMBER: 09659083)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

SAS Developments (Swindon) Limited 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.

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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 446,869
Additions 15,297
At 30 June 2023 462,166
NET BOOK VALUE
At 30 June 2023 462,166
At 30 June 2022 446,869

SAS DEVELOPMENTS (SWINDON) LIMITED (REGISTERED NUMBER: 09659083)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 462,166

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 330,552 330,552

Investment property was valued on fair market value basis on 4 October 2022 by Landbay Partners Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 399 233

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,098 8,778
Trade creditors 22,518 22,520
Other creditors 2,320 1,300
41,936 32,598

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 287,260 182,647
Other loans 101,700 197,864
388,960 380,511

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 201,771 138,756