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REGISTERED NUMBER: 10799397 (England and Wales)















SAXBY ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SAXBY ESTATES LIMITED (REGISTERED NUMBER: 10799397)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SAXBY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: W J Saxby
J W Saxby
Miss E L Saxby





REGISTERED OFFICE: 20 Kings Lynn Road
Hunstanton
Norfolk
PE36 5HP





BUSINESS ADDRESS: The Greenery
11 The Slips
Great Harrowden
Wellingborough
Northamptonshire
NN9 5AE





REGISTERED NUMBER: 10799397 (England and Wales)






SAXBY ESTATES LIMITED (REGISTERED NUMBER: 10799397)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,240,853 1,110,001

CURRENT ASSETS
Cash at bank 271,704 58,261

CREDITORS
Amounts falling due within one year 5 1,226,017 863,248
NET CURRENT LIABILITIES (954,313 ) (804,987 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,540

305,014

PROVISIONS FOR LIABILITIES 45,638 53,238
NET ASSETS 240,902 251,776

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 190,442 222,842
Retained earnings 50,360 28,834
240,902 251,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SAXBY ESTATES LIMITED (REGISTERED NUMBER: 10799397)

BALANCE SHEET - continued
31 MARCH 2024


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 July 2024 and were signed on its behalf by:




W J Saxby - Director Miss E L Saxby - Director




J W Saxby - Director


SAXBY ESTATES LIMITED (REGISTERED NUMBER: 10799397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Saxby Estates 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.

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

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement. Deferred Tax is provided on any such gains/losses at the rate expected to apply when the property is sold.

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.

SAXBY ESTATES LIMITED (REGISTERED NUMBER: 10799397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,110,001
Additions 170,852
Revaluations (40,000 )
At 31 March 2024 1,240,853
NET BOOK VALUE
At 31 March 2024 1,240,853
At 31 March 2023 1,110,001

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 42,075
Valuation in 2021 26,607
Valuation in 2022 (8,436 )
Valuation in 2023 219,956
Valuation in 2024 (40,000 )
Cost 1,000,651
1,240,853

The directors have provided their best estimate of the market value of the investment properties as at 31 March 2024..

SAXBY ESTATES LIMITED (REGISTERED NUMBER: 10799397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 575 575
Taxation and social security 6,219 6,668
Other creditors 1,219,223 856,005
1,226,017 863,248

6. RESERVES
Revaluation
reserve
£   
At 1 April 2023 222,842
Revaluation reserve (32,400 )

At 31 March 2024 190,442