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REGISTERED NUMBER: 01335444 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SANWOOD DEVELOPMENTS LIMITED

SANWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01335444)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SANWOOD DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S Woodall





SECRETARY: S Woodall





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 01335444 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

SANWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01335444)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,000 325,000

CURRENT ASSETS
Debtors 10,866 40,023
Cash at bank 118,310 84,799
129,176 124,822
CREDITORS
Amounts falling due within one year 12,187 8,245
NET CURRENT ASSETS 116,989 116,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,989

441,577

PROVISIONS FOR LIABILITIES 20,400 20,400
NET ASSETS 421,589 421,177

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Profit and loss - non
distributable 199,606 199,606
Retained earnings 206,983 206,571
SHAREHOLDERS' FUNDS 421,589 421,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SANWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01335444)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





S Woodall - Director


SANWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01335444)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Sanwood Developments 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 etc - 15% on reducing balance

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.

Investment properties
Investment properties are properties (land/buildings) held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently, investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SANWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01335444)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 332,188
DEPRECIATION
At 1 February 2023
and 31 January 2024 7,188
NET BOOK VALUE
At 31 January 2024 325,000
At 31 January 2023 325,000

Included in cost or valuation of land and buildings is freehold land of £ 325,000 (2023 - £ 325,000 ) which is not depreciated.

Land and buildings included above at £325,000 is a long leasehold investment property. The property was revalued in 2008 by Morgan Williams, Chartered Surveyors.Since then a director's valuation has been used.

The residual value is deemed so high that depreciation would not be material.

Cost or valuation at 31 January 2024 is represented by:

Totals
£   
Valuation in 1998 224,606
Valuation in 2008 (25,000 )
Cost 132,582
332,188