Sarah Taylor Estates Limited 10712382 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of property rental. Digita Accounts Production Advanced 6.30.9574.0 true 10712382 2023-04-01 2024-03-31 10712382 2024-03-31 10712382 bus:OrdinaryShareClass1 2024-03-31 10712382 core:CurrentFinancialInstruments 2024-03-31 10712382 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10712382 core:MotorVehicles 2024-03-31 10712382 core:OfficeEquipment 2024-03-31 10712382 bus:SmallEntities 2023-04-01 2024-03-31 10712382 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10712382 bus:FilletedAccounts 2023-04-01 2024-03-31 10712382 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10712382 bus:RegisteredOffice 2023-04-01 2024-03-31 10712382 bus:Director1 2023-04-01 2024-03-31 10712382 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10712382 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10712382 core:MotorVehicles 2023-04-01 2024-03-31 10712382 core:OfficeEquipment 2023-04-01 2024-03-31 10712382 countries:UnitedKingdom 2023-04-01 2024-03-31 10712382 2023-03-31 10712382 core:MotorVehicles 2023-03-31 10712382 core:OfficeEquipment 2023-03-31 10712382 2022-04-01 2023-03-31 10712382 2023-03-31 10712382 bus:OrdinaryShareClass1 2023-03-31 10712382 core:CurrentFinancialInstruments 2023-03-31 10712382 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10712382 core:MotorVehicles 2023-03-31 10712382 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10712382

Sarah Taylor Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Sarah Taylor Estates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Sarah Taylor Estates Limited

Company Information

Director

Mrs Sarah Taylor

Registered office

Stoneleigh
Denholme Gate Road
Northowram
Halifax
HX3 7RZ

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Sarah Taylor Estates Limited

(Registration number: 10712382)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

52,554

200

Investment property

5

816,056

816,056

 

868,610

816,256

Current assets

 

Debtors

6

1,129

1,061

Cash at bank and in hand

 

54,400

144,494

 

55,529

145,555

Creditors: Amounts falling due within one year

7

(797,326)

(841,403)

Net current liabilities

 

(741,797)

(695,848)

Net assets

 

126,813

120,408

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

126,713

120,308

Shareholders' funds

 

126,813

120,408

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 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.

 

Sarah Taylor Estates Limited

(Registration number: 10712382)
Balance Sheet as at 31 March 2024

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 19 October 2024
 

.........................................
Mrs Sarah Taylor
Director

 

Sarah Taylor Estates Limited

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

1

General information

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

The address of its registered office is:
Stoneleigh
Denholme Gate Road
Northowram
Halifax
HX3 7RZ

These financial statements were authorised for issue by the director on 19 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.

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.

Tax

The tax expense for the period comprises current 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.

 

Sarah Taylor Estates Limited

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

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.

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

Office equipment

Straight line - 33%

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

 

Sarah Taylor Estates Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

300

-

300

Additions

1,378

60,333

61,711

At 31 March 2024

1,678

60,333

62,011

Depreciation

At 1 April 2023

100

-

100

Charge for the year

559

8,798

9,357

At 31 March 2024

659

8,798

9,457

Carrying amount

At 31 March 2024

1,019

51,535

52,554

At 31 March 2023

200

-

200

5

Investment properties

2024
£

At 1 April

816,056

At 31 March

816,056

There has been no valuation of investment property by an independent valuer.

 

Sarah Taylor Estates Limited

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

6

Debtors

2024
£

2023
£

Prepayments

584

516

Other debtors

545

545

1,129

1,061

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,061

11,450

Other creditors

796,265

829,953

797,326

841,403

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100