Sammon Estates Limited 04881618 false 2023-02-28 2024-02-27 2024-02-27 The principal activity of the company is construction services. Digita Accounts Production Advanced 6.30.9574.0 true true 04881618 2023-02-28 2024-02-27 04881618 2024-02-27 04881618 core:RetainedEarningsAccumulatedLosses 2024-02-27 04881618 core:ShareCapital 2024-02-27 04881618 core:CurrentFinancialInstruments 2024-02-27 04881618 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-27 04881618 core:Non-currentFinancialInstruments 2024-02-27 04881618 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-27 04881618 bus:SmallEntities 2023-02-28 2024-02-27 04881618 bus:AuditExemptWithAccountantsReport 2023-02-28 2024-02-27 04881618 bus:FilletedAccounts 2023-02-28 2024-02-27 04881618 bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-27 04881618 bus:RegisteredOffice 2023-02-28 2024-02-27 04881618 bus:Director1 2023-02-28 2024-02-27 04881618 bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 04881618 bus:Agent1 2023-02-28 2024-02-27 04881618 countries:EnglandWales 2023-02-28 2024-02-27 04881618 2022-02-28 2023-02-27 04881618 2023-02-27 04881618 core:RetainedEarningsAccumulatedLosses 2023-02-27 04881618 core:ShareCapital 2023-02-27 04881618 core:CurrentFinancialInstruments 2023-02-27 04881618 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-27 04881618 core:Non-currentFinancialInstruments 2023-02-27 04881618 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-27 iso4217:GBP xbrli:pure

Registration number: 04881618

Sammon Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 27 February 2024

 

Sammon Estates Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Sammon Estates Limited

Company Information

Director

Mr A N Ogden

Registered office

Lawrence House
1 - 7 Canning Street
Burnley
Lancashire
BB12 0AE

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Sammon Estates Limited
for the Year Ended 27 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sammon Estates Limited for the year ended 27 February 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Sammon Estates Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Sammon Estates Limited and state those matters that we have agreed to state to the Board of Directors of Sammon Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sammon Estates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sammon Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sammon Estates Limited. You consider that Sammon Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Sammon Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

27 March 2024

 

Sammon Estates Limited

(Registration number: 04881618)
Balance Sheet as at 27 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

281,700

221,850

Cash at bank and in hand

 

20

796

 

281,720

222,646

Creditors: Amounts falling due within one year

5

(8,932)

(8,880)

Total assets less current liabilities

 

272,788

213,766

Creditors: Amounts falling due after more than one year

5

(346,747)

(307,373)

Provisions for liabilities

38,256

41,989

Net liabilities

 

(35,703)

(51,618)

Capital and reserves

 

Called up share capital

300

300

Retained earnings

(36,003)

(51,918)

Shareholders' deficit

 

(35,703)

(51,618)

For the financial year ending 27 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2024
 

.........................................
Mr A N Ogden
Director

 

Sammon Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lawrence House
1 - 7 Canning Street
Burnley
Lancashire
BB12 0AE

These financial statements were authorised for issue by the director on 27 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The company is reliant upon the support of its director. The director has a reasonable expectation that the company has adequate resources available to continue in operational existence for the foreseeable future, thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

The director has agreed not to seek repayment of director loans until the company has sufficient funds to do so.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Sammon Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Trade debtors

281,700

221,850

281,700

221,850

 

Sammon Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 February 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,151

2,210

Other creditors

7,781

6,670

8,932

8,880

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

97,163

97,162

Other non-current financial liabilities

 

249,584

210,211

 

346,747

307,373

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

97,163

97,162