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REGISTERED NUMBER: 00519174 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

5 APRIL 2024

FOR

SAFFRON WALDEN PROPERTIES LIMITED

SAFFRON WALDEN PROPERTIES LIMITED (REGISTERED NUMBER: 00519174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


SAFFRON WALDEN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mrs J H Bazley
P C Bazley





SECRETARY: Mrs J H Bazley





REGISTERED OFFICE: Suite 7
Rowe House
Emson Close
Saffron Walden
Essex
CB10 1HL





REGISTERED NUMBER: 00519174 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SAFFRON WALDEN PROPERTIES 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 Statement of Financial Position. 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 Saffron Walden Properties Limited for the year ended 5 April 2024 which comprise the Income Statement, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Saffron Walden Properties 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 Saffron Walden Properties Limited and state those matters that we have agreed to state to the Board of Directors of Saffron Walden Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Saffron Walden Properties 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 loss of Saffron Walden Properties Limited. You consider that Saffron Walden Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Saffron Walden Properties 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.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


10 October 2024

SAFFRON WALDEN PROPERTIES LIMITED (REGISTERED NUMBER: 00519174)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,279,750 4,279,750
Investments 5 5 5
4,279,755 4,279,755

CURRENT ASSETS
Stocks 200 200
Debtors 6 10,403 3,161
Cash at bank 755,769 796,951
766,372 800,312
CREDITORS
Amounts falling due within one year 7 396,734 346,244
NET CURRENT ASSETS 369,638 454,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,649,393

4,733,823

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 - 3,849,383
Retained earnings 4,639,393 874,440
SHAREHOLDERS' FUNDS 4,649,393 4,733,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

SAFFRON WALDEN PROPERTIES LIMITED (REGISTERED NUMBER: 00519174)

STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 2024


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

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 10 October 2024 and were signed on its behalf by:




P C Bazley - Director



Mrs J H Bazley - Director


SAFFRON WALDEN PROPERTIES LIMITED (REGISTERED NUMBER: 00519174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Saffron Walden Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks of development and trading properties have been valued by the directors at the lower of cost and net realisable value on a basis consistent with the previous year.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs
The company operates a money purchase scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

SAFFRON WALDEN PROPERTIES LIMITED (REGISTERED NUMBER: 00519174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

2. ACCOUNTING POLICIES - continued

Freehold investment properties
No depreciation or amortisation is provided in respect of freehold investment properties.The directors believe thats as these properties are not held for consumption but investment, to depreciate them would not give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 6 April 2023 4,279,750 3,498 4,283,248
Disposals - (3,498 ) (3,498 )
At 5 April 2024 4,279,750 - 4,279,750
DEPRECIATION
At 6 April 2023 - 3,498 3,498
Eliminated on disposal - (3,498 ) (3,498 )
At 5 April 2024 - - -
NET BOOK VALUE
At 5 April 2024 4,279,750 - 4,279,750
At 5 April 2023 4,279,750 - 4,279,750

Cost or valuation at 5 April 2024 is represented by:

Freehold
property
£   
Valuation in 2024 4,279,750

Freehold investment properties were revalued as at 3 March 2020 by professional valuers from Mullucks and Henry Rowe, on an open market basis.

SAFFRON WALDEN PROPERTIES LIMITED (REGISTERED NUMBER: 00519174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 6 April 2023
and 5 April 2024 5
NET BOOK VALUE
At 5 April 2024 5
At 5 April 2023 5

The investment of 5 £1 ordinary shares in Zone D Management Company (Great Dunmow) Limited, a company registered in England represents 27.7% of the company's issued share capital. The company administers and manages an industrial estate on a non-profit making basis.

In the opinion of the directors the cost of this investment equals market value at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,117 20
Social security and other tax 18 -
Prepayments and accrued income 2,268 3,141
10,403 3,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 40 15,582
Social security and other taxes - 20,447
Other creditors 11,604 6,180
Directors' current accounts 363,004 298,972
Accrued expenses 22,086 5,063
396,734 346,244

SAFFRON WALDEN PROPERTIES LIMITED (REGISTERED NUMBER: 00519174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. RESERVES
Revaluation
reserve
£   
At 6 April 2023 3,849,383
Transfer to profit and loss (3,849,383 )

At 5 April 2024 -

The revaluation reserve represented the excess of the valuation of the freehold investment properties over original cost. This has been transferred to the profit and loss reserve in the year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J H Bazley by virtue of their ownership of 90% of the issued share capital of the company.