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REGISTERED NUMBER: 01945068 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SYMON BUILDERS LIMITED

SYMON BUILDERS LIMITED (REGISTERED NUMBER: 01945068)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYMON BUILDERS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr B G Melvin
Mr J M Melvin
Mr N A Melvin
Mr I B Melvin
Miss L J Melvin





SECRETARY: Mr B G Melvin





REGISTERED OFFICE: Great Central Way
Rugby
Warwickshire
CV21 3XH





REGISTERED NUMBER: 01945068 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

SYMON BUILDERS LIMITED (REGISTERED NUMBER: 01945068)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,525 89,063
Investments 5 - 2
Investment property 6 1,311,655 1,240,122
1,385,180 1,329,187

CURRENT ASSETS
Debtors 7 917,197 606,206
Cash at bank 484,049 902,315
1,401,246 1,508,521
CREDITORS
Amounts falling due within one year 8 1,308,467 1,185,216
NET CURRENT ASSETS 92,779 323,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,477,959

1,652,492

PROVISIONS FOR LIABILITIES 86,781 85,322
NET ASSETS 1,391,178 1,567,170

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,391,078 1,567,070
SHAREHOLDERS' FUNDS 1,391,178 1,567,170

SYMON BUILDERS LIMITED (REGISTERED NUMBER: 01945068)

BALANCE SHEET - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 25 September 2024 and were signed on its behalf by:





Mr N A Melvin - Director


SYMON BUILDERS LIMITED (REGISTERED NUMBER: 01945068)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Symon Builders 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains 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.

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.

SYMON BUILDERS LIMITED (REGISTERED NUMBER: 01945068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 148,616 239,510 3,415 391,541
Additions 5,668 - - 5,668
Disposals - (22,000 ) - (22,000 )
At 31 December 2023 154,284 217,510 3,415 375,209
DEPRECIATION
At 1 January 2023 139,561 159,502 3,415 302,478
Charge for year 2,945 15,899 - 18,844
Eliminated on disposal - (19,638 ) - (19,638 )
At 31 December 2023 142,506 155,763 3,415 301,684
NET BOOK VALUE
At 31 December 2023 11,778 61,747 - 73,525
At 31 December 2022 9,055 80,008 - 89,063

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023 2
Disposals (2 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 2

SYMON BUILDERS LIMITED (REGISTERED NUMBER: 01945068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,240,122
Additions 71,533
At 31 December 2023 1,311,655
NET BOOK VALUE
At 31 December 2023 1,311,655
At 31 December 2022 1,240,122

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 360,000
Cost 951,655
1,311,655

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 880,122 880,122

Investment Property was valued on an open market basis on 31 December 2021 by the director .

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 100,561 127,213
Amounts owed by group undertakings 7,822 209,807
Amounts recoverable on long term
contracts

-

99,788
Other debtors 552,029 169,398
660,412 606,206

Amounts falling due after more than one year:
Other debtors 256,785 -

Aggregate amounts 917,197 606,206

SYMON BUILDERS LIMITED (REGISTERED NUMBER: 01945068)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 213,372 182,217
Amounts owed to group undertakings 922,566 826,666
Taxation and social security 145,917 151,235
Other creditors 26,612 25,098
1,308,467 1,185,216

9. ULTIMATE PARENT COMPANY

The company is a subsidiary of and controlled by RMB (Rugby) Ltd who are incorporated and registered in England, company registration number 01496501