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REGISTERED NUMBER: 12987566 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Saville & Saville Ltd

Saville & Saville Ltd (Registered number: 12987566)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Saville & Saville Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J F Saville
Mrs J Saville





REGISTERED OFFICE: 1 Jasper Road
Oakham
Rutland
LE15 6UL





REGISTERED NUMBER: 12987566 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Saville & Saville Ltd (Registered number: 12987566)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 226,266 226,266

CURRENT ASSETS
Cash in hand 100 100

CREDITORS
Amounts falling due within one year 219,932 224,610
NET CURRENT LIABILITIES (219,832 ) (224,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,434

1,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,334 1,656
6,434 1,756

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

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

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.

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 March 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 Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Mr J F Saville - Director


Saville & Saville Ltd (Registered number: 12987566)

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

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 226,266
NET BOOK VALUE
At 31 March 2024 226,266
At 31 March 2023 226,266

Saville & Saville Ltd (Registered number: 12987566)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. INVESTMENT PROPERTY - continued

The investment property was valued on an open market basis as of 31 March 2024 by the Director. The methods and assumptions used to determine the fair value are as follows:

The valuation was prepared with consideration of market-based evidence for similar properties sold in the local area, taking into account the property’s condition.