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REGISTERED NUMBER: 05962426 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ST MARY'S BAY DEVELOPMENTS LIMITED

ST MARY'S BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05962426)






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


ST MARY'S BAY DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTORS: Mrs T J Matthews
Ms N Hughes





REGISTERED OFFICE: 61 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 05962426 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

ST MARY'S BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05962426)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 6,302 6,302
Debtors 4 222 258
Cash at bank 1,875 1,756
8,399 8,316
CREDITORS
Amounts falling due within one year 5 4,800 3,200
NET CURRENT ASSETS 3,599 5,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,599

5,116

CREDITORS
Amounts falling due after more than one
year

6

13,323

14,341
NET LIABILITIES (9,724 ) (9,225 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (9,726 ) (9,227 )
SHAREHOLDERS' FUNDS (9,724 ) (9,225 )

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 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.

ST MARY'S BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05962426)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Ms N Hughes - Director


ST MARY'S BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05962426)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

St Mary's Bay Developments 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.

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


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.

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

ST MARY'S BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05962426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
At the year end the company had net liabilities of £9,724 (2022 - £9,225), which is stated after recognition of amounts due to the parent undertaking of £13,323 (2022 - £14,341). The company is therefore reliant upon the continuing financial support of the parent undertaking in order to remain a going concern.

The parent undertaking has confirmed that it intends to continue to provide this ongoing financial support, including not requiring repayment of this balance except to the extent that funds allow, and through the provision of additional funding as required to enable the company to meet its liabilities to third parties as they fall due. Accordingly, the directors consider that the company is able to meet its liabilities as they fall due, and therefore have prepared these financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 4 48
Prepayments and accrued income 218 210
222 258

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 4,800 3,200

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 13,323 14,341

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1.00 2 2

ST MARY'S BAY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05962426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

8. RELATED PARTY DISCLOSURES

During the year to 31 October 2023 various operational costs of the company, totalling £469 (2022 -
£2,273), were paid by Electrical & Mechanical Solutions Limited, and at 31 October 2023 the
company owed £13,323 (2022 - £14,341) to Electrical & Mechanical Solutions Limited, which is the
immediate parent undertaking. No interest has been charged on this loan during the year.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are M P Matthews and D M Matthews, who own the entire issued share capital of the parent undertaking, Electrical & Mechanical Solutions Limited.