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Registration number: 02522177

Saveorder Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

(filleted for filing purposes)

 

Saveorder Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 9

 

Saveorder Ltd

Company Information

Director

W J Pritchard

Company secretary

W J Pritchard

Registered office

134a Kippington Road
Sevenoaks
Kent
TN13 2LW

 

Saveorder Ltd

(Registration number: 02522177)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,764

1,413

Investment property

5

1,290,000

1,290,000

 

1,291,764

1,291,413

Current assets

 

Debtors

6

3,108

1,932

Cash at bank and in hand

 

226,244

192,434

 

229,352

194,366

Creditors: Amounts falling due within one year

7

(489,812)

(477,266)

Net current liabilities

 

(260,460)

(282,900)

Total assets less current liabilities

 

1,031,304

1,008,513

Creditors: Amounts falling due after more than one year

7

(110,000)

(110,000)

Provisions for liabilities

(81,078)

(81,012)

Net assets

 

840,226

817,501

Capital and reserves

 

Called up share capital

8

2

2

Other reserves

592,513

592,513

Retained earnings

247,711

224,986

Shareholders' funds

 

840,226

817,501

 

Saveorder Ltd

(Registration number: 02522177)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 October 2024
 

.........................................
W J Pritchard
Company secretary and director

 

Saveorder Ltd

Statement of Changes in Equity for the Year Ended 31 July 2024

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 August 2023

2

592,513

224,986

817,501

Profit for the year

-

-

22,725

22,725

At 31 July 2024

2

592,513

247,711

840,226

Share capital
£

Non-distributable reserve
£

Retained earnings
£

Total
£

At 1 August 2022

2

592,513

200,070

792,585

Profit for the year

-

-

24,916

24,916

At 31 July 2023

2

592,513

224,986

817,501

 

Saveorder Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
134a Kippington Road
Sevenoaks
Kent
TN13 2LW
England

These financial statements were authorised for issue by the director on 22 October 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

 

Saveorder Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:

Asset class

Depreciation method and rate

Fixtures and fittings

Over 10 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Saveorder Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

10,628

10,628

Additions

658

658

At 31 July 2024

11,286

11,286

Depreciation

At 1 August 2023

9,215

9,215

Charge for the year

307

307

At 31 July 2024

9,522

9,522

Carrying amount

At 31 July 2024

1,764

1,764

At 31 July 2023

1,413

1,413

5

Investment properties

2024
£

At 1 August

1,290,000

At 31 July

1,290,000

The investment property was valued on 31 July 2024 by the directors to give a fair value. The basis of this valuation was the open market. The investment property have a current value of £1,290,000 (2023 £1,290,000) and a carrying amount at historical cost of £633,944 (2023 £633,944).

6

Debtors

Current

2024
£

2023
£

Prepayments

231

207

Other debtors

2,877

1,725

 

3,108

1,932

 

Saveorder Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

413,817

413,817

Other related parties

10

44,208

39,901

Other creditors

 

31,787

23,548

 

489,812

477,266

Due after one year

 

Loans and borrowings

9

110,000

110,000

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

110,000

110,000

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         
 

Saveorder Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

110,000

110,000

2024
£

2023
£

Current loans and borrowings

Other borrowings

413,817

413,817

10

Related party transactions

The Estate of G J Roper Deceased a former director has a legal charge of £80,000 over the company's assets.

During the year the company managed a property on behalf of W J Pritchard. As a result, the company received £Nil (2023:10,950) of rents and had £Nil (2023: £310) of expenditure relating to this property. At the balance sheet date, W J Pritchard was owed by the company £Nil (2023: £10,640) in relation to this property management agreement.

G J Roper and W J Pritchard Grandchildren's Trust.
At the balance sheet date, the company owed £110,000 (2023 : £110,000) to G J Roper and W J Pritchard Grandchildren's Trust. Interest is charged on this loan at a rate of 8% per annum £8,800 (2023 : £8,800).