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REGISTERED NUMBER: 00536425 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 25 December 2023

for

Setsgrove Holdings Ltd

Setsgrove Holdings Ltd (Registered number: 00536425)






Contents of the Financial Statements
for the Year Ended 25 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Setsgrove Holdings Ltd

Company Information
for the Year Ended 25 December 2023







DIRECTORS: M J Lowe
D J Lowe





SECRETARY: D J Lowe





REGISTERED OFFICE: The Manor House
1 Shawbirch Road
Admaston
Telford
Shropshire
TF5 0AD





REGISTERED NUMBER: 00536425 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Setsgrove Holdings Ltd (Registered number: 00536425)

Balance Sheet
25 December 2023

25.12.23 25.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 960,191 960,382
Investments 5 20 20
960,211 960,402

CURRENT ASSETS
Debtors 6 86,323 69,320
Cash at bank 786,401 721,302
872,724 790,622
CREDITORS
Amounts falling due within one year 7 113,157 121,886
NET CURRENT ASSETS 759,567 668,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,719,778

1,629,138

PROVISIONS FOR LIABILITIES 18,200 15,755
NET ASSETS 1,701,578 1,613,383

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 211,243 211,243
Retained earnings 1,489,335 1,401,140
SHAREHOLDERS' FUNDS 1,701,578 1,613,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 December 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.

Setsgrove Holdings Ltd (Registered number: 00536425)

Balance Sheet - continued
25 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





D J Lowe - Director


Setsgrove Holdings Ltd (Registered number: 00536425)

Notes to the Financial Statements
for the Year Ended 25 December 2023

1. STATUTORY INFORMATION

Setsgrove Holdings Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Computer equipment - 50% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Investment property
Following the introduction of FRS 102, the investment properties are disclosed at fair value and the comparative figures restated with a corresponding adjustment. In accordance with FRS 102, the gain on revaluation is credited to the Profit and Loss Account.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Setsgrove Holdings Ltd (Registered number: 00536425)

Notes to the Financial Statements - continued
for the Year Ended 25 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 26 December 2022
and 25 December 2023 960,000 35,456 1,745 997,201
DEPRECIATION
At 26 December 2022 - 35,456 1,363 36,819
Charge for year - - 191 191
At 25 December 2023 - 35,456 1,554 37,010
NET BOOK VALUE
At 25 December 2023 960,000 - 191 960,191
At 25 December 2022 960,000 - 382 960,382

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 26 December 2022
and 25 December 2023 20
NET BOOK VALUE
At 25 December 2023 20
At 25 December 2022 20

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.12.23 25.12.22
£    £   
Trade debtors 79,455 62,707
Amounts owed by group undertakings 20 20
Other debtors - 1,000
Prepayments 6,848 5,593
86,323 69,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.12.23 25.12.22
£    £   
Tax 20,344 17,077
Social security and other taxes 8,316 5,192
Other creditors 30,333 20,333
Directors' current accounts 17,069 43,888
Accrued expenses 37,095 35,396
113,157 121,886

Setsgrove Holdings Ltd (Registered number: 00536425)

Notes to the Financial Statements - continued
for the Year Ended 25 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 25.12.23 25.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000