Silverfin false false 30/09/2023 16/09/2022 30/09/2023 S R Briggs 16/09/2022 J G C Cribb 16/09/2022 H E Knights 16/09/2022 M J Mace 16/09/2022 T R Tassie 16/09/2022 M E Williams 16/09/2022 13 September 2024 no description of principal activity 14360275 2023-09-30 14360275 bus:Director1 2023-09-30 14360275 bus:Director2 2023-09-30 14360275 bus:Director3 2023-09-30 14360275 bus:Director4 2023-09-30 14360275 bus:Director5 2023-09-30 14360275 bus:Director6 2023-09-30 14360275 core:CurrentFinancialInstruments 2023-09-30 14360275 core:ShareCapital 2023-09-30 14360275 core:RetainedEarningsAccumulatedLosses 2023-09-30 14360275 bus:OrdinaryShareClass1 2023-09-30 14360275 2022-09-16 2023-09-30 14360275 bus:FilletedAccounts 2022-09-16 2023-09-30 14360275 bus:SmallEntities 2022-09-16 2023-09-30 14360275 bus:AuditExemptWithAccountantsReport 2022-09-16 2023-09-30 14360275 bus:PrivateLimitedCompanyLtd 2022-09-16 2023-09-30 14360275 bus:Director1 2022-09-16 2023-09-30 14360275 bus:Director2 2022-09-16 2023-09-30 14360275 bus:Director3 2022-09-16 2023-09-30 14360275 bus:Director4 2022-09-16 2023-09-30 14360275 bus:Director5 2022-09-16 2023-09-30 14360275 bus:Director6 2022-09-16 2023-09-30 14360275 core:CurrentFinancialInstruments 2022-09-16 2023-09-30 14360275 bus:OrdinaryShareClass1 2022-09-16 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14360275 (England and Wales)

ST MARYS DEVELOPMENTS (NORFOLK) LIMITED

Unaudited Financial Statements
For the financial period from 16 September 2022 to 30 September 2023
Pages for filing with the registrar

ST MARYS DEVELOPMENTS (NORFOLK) LIMITED

Unaudited Financial Statements

For the financial period from 16 September 2022 to 30 September 2023

Contents

ST MARYS DEVELOPMENTS (NORFOLK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2023
ST MARYS DEVELOPMENTS (NORFOLK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2023
30.09.2023
£
Current assets
Stocks 677,397
Debtors 3 56,459
Cash at bank and in hand 866
734,722
Creditors: amounts falling due within one year 4 ( 736,695)
Net current liabilities (1,973)
Total assets less current liabilities (1,973)
Net liabilities ( 1,973)
Capital and reserves
Called-up share capital 5 12
Profit and loss account ( 1,985 )
Total shareholders' deficit ( 1,973)

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of St Marys Developments (Norfolk) Limited (registered number: 14360275) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

M J Mace
Director
T R Tassie
Director

13 September 2024

ST MARYS DEVELOPMENTS (NORFOLK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 September 2022 to 30 September 2023
ST MARYS DEVELOPMENTS (NORFOLK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 September 2022 to 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

St Marys Developments (Norfolk) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Woodsend Barn, Beetley, Dereham, NR20 4DG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

Period from
16.09.2022 to
30.09.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 6

3. Debtors

30.09.2023
£
Other debtors 56,459

4. Creditors: amounts falling due within one year

30.09.2023
£
Trade creditors 27,070
Amounts owed to directors 239,988
Other loans 467,887
Accruals 1,750
736,695

The loan included within other loans is secured upon the property that is being developed and a fixed charge is registered.

5. Called-up share capital

30.09.2023
£
Allotted, called-up and fully-paid
12 Ordinary shares of £ 1.00 each 12

The company was incorporated on 16 September 2022 and 6 £1 ordinary shares were issued. A further 1 £1 ordinary share was allotted and paid on 24 April 2023 and 5 £1 ordinary shares were allotted and paid on 30 October 2023. All shares rank pari-passu.

6. Related party transactions

At the year end the Company owed the directors £239,988, the amount is interest free and repayable on demand.