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REGISTERED NUMBER: 09710161 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Sayers Property Investments Limited

Sayers Property Investments Limited (Registered number: 09710161)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sayers Property Investments Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: C Sayer





REGISTERED OFFICE: C/O Sayers Road Tankers Engineering Ltd
Tutin Road
Leeming Bar Industrial Estate
NORTHALLERTON
North Yorkshire
DL7 9UJ





REGISTERED NUMBER: 09710161 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Sayers Property Investments Limited (Registered number: 09710161)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investments 5 101 101
Investment property 6 1,380,962 1,380,962
1,381,064 1,381,064

CURRENT ASSETS
Stocks 7 240,296 239,581
Debtors 8 4,702 4,702
Cash at bank 15,683 7,052
260,681 251,335
CREDITORS
Amounts falling due within one year 9 295,994 320,994
NET CURRENT LIABILITIES (35,313 ) (69,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,345,751

1,311,405

CREDITORS
Amounts falling due after more than one
year

10

540,164

573,840
NET ASSETS 805,587 737,565

CAPITAL AND RESERVES
Called up share capital 12 202 202
Retained earnings 805,385 737,363
SHAREHOLDERS' FUNDS 805,587 737,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sayers Property Investments Limited (Registered number: 09710161)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





C Sayer - Director


Sayers Property Investments Limited (Registered number: 09710161)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Sayers Property Investments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However, the validity of the going concern basis is dependent upon the continued support of the associated companies. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts and to provide for any further liabilities that might arise.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies under common control.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.

Income recognition
Income from the rent of properties is recognised over the period of the lease on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Tangible fixed assets are held at a cost less accumulated depreciation and any impairment.

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

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.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.


Sayers Property Investments Limited (Registered number: 09710161)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 520
DEPRECIATION
At 1 November 2022
and 31 October 2023 519
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

Sayers Property Investments Limited (Registered number: 09710161)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 101
NET BOOK VALUE
At 31 October 2023 101
At 31 October 2022 101

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,380,962
NET BOOK VALUE
At 31 October 2023 1,380,962
At 31 October 2022 1,380,962

Investment property has been valued on fair value basis by the director as at 31 October 2023, who doesn't believe that the valuation has changed from the prior period.

7. STOCKS
2023 2022
£    £   
Stocks 240,296 239,581

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 202 202
Amounts owed from associates 4,500 4,500
4,702 4,702

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,344 94,089
Trade creditors 1,416 2,256
Amounts owed to group undertakings 212,750 182,902
Taxation and social security 27,266 27,729
Accruals and deferred income 14,218 14,018
295,994 320,994

Sayers Property Investments Limited (Registered number: 09710161)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 43,823 46,173
Bank loans - 2-5 years 154,439 138,519
Bank loans more 5 yr by instal 341,902 389,148
540,164 573,840

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 341,902 389,148

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 580,508 667,929

The bank loan is secured on a fixed and floating charge of all the property or undertaking of the company. There is also a cross guarantee in place with related companies Sayers Road Tankers Engineering Limited and Sayers Road Tanker Rentals Limited.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
202 Ordinary £1 202 202