Sarahtim Homes Ltd 14649056 false 2023-02-08 2024-02-29 2024-02-29 The principal activity of the company is letting of owned property Digita Accounts Production Advanced 6.30.9574.0 true true 14649056 2023-02-08 2024-02-29 14649056 2024-02-29 14649056 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 14649056 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 14649056 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 14649056 bus:SmallEntities 2023-02-08 2024-02-29 14649056 bus:AuditExemptWithAccountantsReport 2023-02-08 2024-02-29 14649056 bus:FilletedAccounts 2023-02-08 2024-02-29 14649056 bus:SmallCompaniesRegimeForAccounts 2023-02-08 2024-02-29 14649056 bus:RegisteredOffice 2023-02-08 2024-02-29 14649056 bus:Director1 2023-02-08 2024-02-29 14649056 bus:Director2 2023-02-08 2024-02-29 14649056 bus:PrivateLimitedCompanyLtd 2023-02-08 2024-02-29 14649056 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-08 2024-02-29 14649056 countries:EnglandWales 2023-02-08 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 14649056

Sarahtim Homes Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 8 February 2023 to 29 February 2024

 

Sarahtim Homes Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sarahtim Homes Ltd

Company Information

Directors

Mr Timothy John Bessex

Mrs Sarah Bessex

Registered office

21 Blackberry Drive
Frampton Cotterell
Bristol
BS36 2SL

Accountants

Stone and Co
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Sarahtim Homes Ltd

(Registration number: 14649056)
Balance Sheet as at 29 February 2024

Note

2024
£

       

Fixed assets

   

Tangible assets

4

 

238,103

Current assets

   

Cash at bank and in hand

 

7,740

 

Creditors: Amounts falling due within one year

6

(78,414)

 

Net current liabilities

   

(70,674)

Total assets less current liabilities

   

167,429

Creditors: Amounts falling due after more than one year

6

 

(172,958)

Net liabilities

   

(5,529)

Capital and reserves

   

Retained earnings

(5,529)

 

Shareholders' deficit

   

(5,529)

For the financial period ending 29 February 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 23 September 2024 and signed on its behalf by:
 

.........................................

Mr Timothy John Bessex
Director

 

Sarahtim Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 8 February 2023 to 29 February 2024

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:
21 Blackberry Drive
Frampton Cotterell
Bristol
BS36 2SL

These financial statements were authorised for issue by the Board on 23 September 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Sarahtim Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 8 February 2023 to 29 February 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

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

 

Sarahtim Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 8 February 2023 to 29 February 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

238,103

238,103

At 29 February 2024

238,103

238,103

Depreciation

Carrying amount

At 29 February 2024

238,103

238,103

Included within the net book value of land and buildings above is £238,103 in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

 

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

33

Accruals and deferred income

2,058

Other creditors

76,323

78,414

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

172,958

7

Related party transactions

Summary of transactions with other related parties

 

Sarahtim Homes Ltd

Notes to the Unaudited Financial Statements for the Period from 8 February 2023 to 29 February 2024

At the balance sheet date the company owed £76,144 to associated companies. The balances were interest free and repayable on demand.