REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 30 March 2024 |
for |
SAXONIA INVESTMENTS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 30 March 2024 |
for |
SAXONIA INVESTMENTS LIMITED |
SAXONIA INVESTMENTS LIMITED (REGISTERED NUMBER: 08044248) |
Contents of the Financial Statements |
for the period 1 October 2022 to 30 March 2024 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
SAXONIA INVESTMENTS LIMITED |
Company Information |
for the period 1 October 2022 to 30 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
11 Laura Place |
Bath |
BA2 4BL |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Saxonia Investments Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saxonia Investments Limited for the period ended 30 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Saxonia Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saxonia Investments Limited and state those matters that we have agreed to state to the Board of Directors of Saxonia Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saxonia Investments Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Saxonia Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Saxonia Investments Limited. You consider that Saxonia Investments Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Saxonia Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
11 Laura Place |
Bath |
BA2 4BL |
SAXONIA INVESTMENTS LIMITED (REGISTERED NUMBER: 08044248) |
Balance Sheet |
30 March 2024 |
2024 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Share premium |
Revaluation reserve |
SHAREHOLDERS' FUNDS |
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. |
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 |
SAXONIA INVESTMENTS LIMITED (REGISTERED NUMBER: 08044248) |
Notes to the Financial Statements |
for the period 1 October 2022 to 30 March 2024 |
1. | STATUTORY INFORMATION |
Saxonia Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss. |
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract. |
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date. |
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST OR VALUATION |
At 1 October 2022 |
and 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 30 September 2022 |
SAXONIA INVESTMENTS LIMITED (REGISTERED NUMBER: 08044248) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 30 March 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 30 March 2024 is represented by: |
Shares in |
group |
undertaking |
£ |
Valuation in 2016 | 3,149,900 |
Valuation in 2020 | (1,760,000 | ) |
Cost | 2,850,100 |
4,240,000 |
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
2024 | 2022 |
£ | £ |
Cost | 2,850,100 | 2,850,100 |
Fixed asset investments were valued on an open market basis on 30 September 2020 by the directors . |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2022 |
value: | £ | £ |
Ordinary | £1 | 110,000 | 110,000 |