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COMPANY REGISTRATION NUMBER: 12699692
Saxton Mee Holdings Limited
Filleted Unaudited Abridged Financial Statements
30 April 2024
Saxton Mee Holdings Limited
Abridged Financial Statements
Year Ended 30 April 2024
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 5
Saxton Mee Holdings Limited
Abridged Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed Assets
Investments
5
426,948
178,278
Current Assets
Debtors
33,752
Cash at bank and in hand
28,429
100
--------
----
62,181
100
Creditors: amounts falling due within one year
92,713
--------
----
Net Current (Liabilities)/Assets
( 30,532)
100
---------
---------
Total Assets Less Current Liabilities
396,416
178,378
Creditors: amounts falling due after more than one year
103,555
---------
---------
Net Assets
292,861
178,378
---------
---------
Capital and Reserves
Called up share capital
6
100
100
Profit and loss account
292,761
178,278
---------
---------
Shareholders Funds
292,861
178,378
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Saxton Mee Holdings Limited
Abridged Statement of Financial Position (continued)
30 April 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 1 August 2024 , and are signed on behalf of the board by:
Mr G Ashmore
Director
Company registration number: 12699692
Saxton Mee Holdings Limited
Notes to the Abridged Financial Statements
Year Ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, S40 1LA, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is rent receivable in the period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends received from investments are recognised as income
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Debtors and creditors 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 other administrative expenses.
4. Employee numbers
Employee numbers during the year including directors: 2 (2023: 2)
5. Investments
£
Cost
At 1 May 2023
178,278
Additions
248,670
---------
At 30 April 2024
426,948
---------
Impairment
At 1 May 2023 and 30 April 2024
---------
Carrying amount
At 30 April 2024
426,948
---------
At 30 April 2023
178,278
---------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £– (2023 - £1) each
100
100
Ordinary A shares of £ 1 each
55
55
Ordinary B shares of £ 1 each
30
30
Ordinary C shares of £ 1 each
15
15
----
----
----
----
100
100
100
100
----
----
----
----
7. Directors' advances, credits and guarantees
During the year, the company made loans to the directors as follows:
2024
£
Advanced during the year 33,752
Balance at 30 April 2024 33,752
Interest has been charged at the official rate.