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Company Registration number: 08094522

Sawley Investments Limited

Filleted Financial Statements

for the Year Ended 30 November 2023

 

Sawley Investments Limited

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3

Notes to the Financial Statements

4 to 8

 

Sawley Investments Limited

Company Information

Directors

Mr G A Tims

Mrs A J Cattee

Mr P Cattee

Registered office

11 Manchester Road
Walkden
Manchester
M28 3NS

Auditors

BK Plus Audit Limited
Chartered Certified Accountants & Statutory Auditor
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Sawley Investments Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Sawley Investments Limited

(Registration number: 08094522)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

265

520

Investment property

5

2,000,000

2,000,000

 

2,000,265

2,000,520

Current assets

 

Debtors

6

482,367

495,936

Cash at bank and in hand

 

592,609

500,260

 

1,074,976

996,196

Creditors: Amounts falling due within one year

7

(15,764)

(23,735)

Net current assets

 

1,059,212

972,461

Net assets

 

3,059,477

2,972,981

Capital and reserves

 

Called up share capital

1

1

Retained earnings

3,059,476

2,972,980

Shareholders' funds

 

3,059,477

2,972,981

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2024 and signed on its behalf by:
 

.........................................
Mr P Cattee
Director

   
     
 

Sawley Investments Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

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:
11 Manchester Road
Walkden
Manchester
M28 3NS
England

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 August 2024 was Darren Leigh FCCA, who signed for and on behalf of BK Plus Audit Limited.
 

 

Sawley Investments Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

Revenue recognition

Revenue relates to the rental income obtained for the pharmacy and medical surgery. Revenue is recognised on a straight line basis over the lease term.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Sawley Investments Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 December 2022

2,550

2,550

At 30 November 2023

2,550

2,550

Depreciation

At 1 December 2022

2,030

2,030

Charge for the year

255

255

At 30 November 2023

2,285

2,285

Carrying amount

At 30 November 2023

265

265

At 30 November 2022

520

520

 

Sawley Investments Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

5

Investment properties

2023
£

At 1 December 2022

2,000,000

At 30 November 2023

2,000,000


Investment property was valued at market value at 30 November 2023 by W T Gunson, Chartered Surveyors.



6

Debtors

2023
£

2022
£

Trade debtors

 

4,951

11,726

Amounts owed by group undertakings

400,000

400,000

Other debtors

 

77,416

84,210

 

482,367

495,936

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,291

620

Taxation and social security

5,473

19,115

Accruals and deferred income

8,000

4,000

15,764

23,735

 

Sawley Investments Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £39,720,000 (2022 - £33,461,733). The directors do not consider it likely that this guarantee will be called upon.

The company is party to a debenture including a fixed charge over all present freehold and leasehold property: first fixed charge over book and other debtors, chattels, goodwill and uncalled capital, both present and future, and first floating charge over all assets and undertakings both present and future.

9

Parent and ultimate parent undertaking

The company's immediate parent is W R Evans Healthcare Limited, incorporated in England and Wales.

 The ultimate parent is PCT Healthcare (Holdings) Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is PCT Healthcare (Holdings) Limited. These financial statements are available upon request from Companies House, Crown Way, Maindy, Cardiff CF14 3UZ