Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr B W Griffith 17/04/2009 Mr D V Griffith 07/11/2023 27/02/2019 07 October 2024 The principal activity of the Company during the financial year was that of residential nursing care. 06880387 2024-03-31 06880387 bus:Director1 2024-03-31 06880387 bus:Director2 2024-03-31 06880387 2023-03-31 06880387 core:CurrentFinancialInstruments 2024-03-31 06880387 core:CurrentFinancialInstruments 2023-03-31 06880387 core:Non-currentFinancialInstruments 2024-03-31 06880387 core:Non-currentFinancialInstruments 2023-03-31 06880387 core:ShareCapital 2024-03-31 06880387 core:ShareCapital 2023-03-31 06880387 core:RevaluationReserve 2024-03-31 06880387 core:RevaluationReserve 2023-03-31 06880387 core:RetainedEarningsAccumulatedLosses 2024-03-31 06880387 core:RetainedEarningsAccumulatedLosses 2023-03-31 06880387 core:LandBuildings 2023-03-31 06880387 core:PlantMachinery 2023-03-31 06880387 core:Vehicles 2023-03-31 06880387 core:FurnitureFittings 2023-03-31 06880387 core:LandBuildings 2024-03-31 06880387 core:PlantMachinery 2024-03-31 06880387 core:Vehicles 2024-03-31 06880387 core:FurnitureFittings 2024-03-31 06880387 core:CurrentFinancialInstruments core:Secured 2024-03-31 06880387 core:MoreThanFiveYears 2024-03-31 06880387 core:MoreThanFiveYears 2023-03-31 06880387 bus:OrdinaryShareClass1 2024-03-31 06880387 2023-04-01 2024-03-31 06880387 bus:FilletedAccounts 2023-04-01 2024-03-31 06880387 bus:SmallEntities 2023-04-01 2024-03-31 06880387 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06880387 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06880387 bus:Director1 2023-04-01 2024-03-31 06880387 bus:Director2 2023-04-01 2024-03-31 06880387 core:LandBuildings core:TopRangeValue 2023-04-01 2024-03-31 06880387 core:PlantMachinery 2023-04-01 2024-03-31 06880387 core:Vehicles 2023-04-01 2024-03-31 06880387 core:FurnitureFittings 2023-04-01 2024-03-31 06880387 2022-04-01 2023-03-31 06880387 core:LandBuildings 2023-04-01 2024-03-31 06880387 core:CurrentFinancialInstruments 2023-04-01 2024-03-31 06880387 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 06880387 core:MoreThanFiveYears 2023-04-01 2024-03-31 06880387 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06880387 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06880387 (England and Wales)

SAINTHILL HOUSE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SAINTHILL HOUSE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SAINTHILL HOUSE LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
SAINTHILL HOUSE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR Mr B W Griffith
Mr D V Griffith (Resigned 07 November 2023)
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 06880387 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
SAINTHILL HOUSE LIMITED

BALANCE SHEET

As at 31 March 2024
SAINTHILL HOUSE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,401,340 1,317,950
1,401,340 1,317,950
Current assets
Stocks 1,000 1,000
Debtors 4 99,078 211,719
Cash at bank and in hand 66,643 36,011
166,721 248,730
Creditors: amounts falling due within one year 5 ( 283,037) ( 227,800)
Net current (liabilities)/assets (116,316) 20,930
Total assets less current liabilities 1,285,024 1,338,880
Creditors: amounts falling due after more than one year 6 ( 456,095) ( 42,622)
Provision for liabilities ( 115,100) ( 91,500)
Net assets 713,829 1,204,758
Capital and reserves
Called-up share capital 7 100 100
Revaluation reserve 258,219 278,762
Profit and loss account 455,510 925,896
Total shareholder's funds 713,829 1,204,758

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Sainthill House Limited (registered number: 06880387) were approved and authorised for issue by the Director on 07 October 2024. They were signed on its behalf by:

Mr B W Griffith
Director
SAINTHILL HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SAINTHILL HOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

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

General information and basis of accounting

Sainthill House 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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom and its principal place of business is Sainthill House, Cowick Lane, Exeter, Devon, EX2 9JG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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. There are no material departures from FRS102.

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

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts and after eliminating sales within the company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 40 years straight line
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 36 32

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2023 1,428,320 38,763 0 13,482 1,480,565
Additions 25,638 7,916 49,319 3,058 85,931
Revaluations 41,234 0 0 0 41,234
At 31 March 2024 1,495,192 46,679 49,319 16,540 1,607,730
Accumulated depreciation
At 01 April 2023 136,469 20,165 0 5,981 162,615
Charge for the financial year 36,371 4,671 1,027 1,706 43,775
At 31 March 2024 172,840 24,836 1,027 7,687 206,390
Net book value
At 31 March 2024 1,322,352 21,843 48,292 8,853 1,401,340
At 31 March 2023 1,291,851 18,598 0 7,501 1,317,950

Revaluation of tangible assets

Freehold property was valued during the year by Knight Frank, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arms length terms for similar properties.

Were the property held at historical cost less depreciation, the carrying value would have been:

2024 2023
£ £
Historical cost 1,053,545 1,027,907
Accumulated depreciation (125,248) (99,318)
Carrying value 928,297 928,589

4. Debtors

2024 2023
£ £
Trade debtors 50,276 5,773
Amounts owed by Group undertakings 0 187,166
Other debtors 48,802 18,780
99,078 211,719

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 16,319 54,152
Trade creditors 30,137 17,240
Corporation tax 116,200 86,133
Other taxation and social security 18,063 29,843
Obligations under finance leases and hire purchase contracts (secured) 7,753 0
Other creditors 94,565 40,432
283,037 227,800

The bank loans are secured by fixed charges over Sainthill House and The Cottage. Hire purchase contracts are secured over the assets in which they relate to.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 426,361 42,622
Obligations under finance leases and hire purchase contracts (secured) 29,734 0
456,095 42,622

The bank loans are secured by fixed charges over Sainthill House and The Cottage. Hire purchase contracts are secured over the assets in which they relate to.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured / repayable by instalments) 317,873 12,037

The bank loans are secured by fixed charges over Sainthill House and The Cottage.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 £1 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts owed by director 2,490 0

The balance owed by the director is repayable on demand and does not attract interest.