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REGISTERED NUMBER: 08418533 (England and Wales)







Financial Statements for the Period 1st April 2023 to 31st August 2024

for

Summerfield Property Worcester Limited

Summerfield Property Worcester Limited (Registered number: 08418533)






Contents of the Financial Statements
for the Period 1st April 2023 to 31st August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Summerfield Property Worcester Limited

Company Information
for the Period 1st April 2023 to 31st August 2024







DIRECTOR: Mrs J E Haywood





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 08418533 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Summerfield Property Worcester Limited (Registered number: 08418533)

Abridged Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 217
Investment property 5 1,360,000 1,360,000
1,360,000 1,360,217

CURRENT ASSETS
Debtors 82,011 306,501
Cash at bank and in hand 34,853 6,491
116,864 312,992
CREDITORS
Amounts falling due within one year 814,565 1,024,163
NET CURRENT LIABILITIES (697,701 ) (711,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,299

649,046

PROVISIONS FOR LIABILITIES 70,908 70,908
NET ASSETS 591,391 578,138

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 6 313,140 313,140
Retained earnings 278,250 264,997
591,391 578,138

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

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

The director acknowledges her 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 Balance Sheet for the period ended 31st August 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 14th November 2024 and were signed by:



Mrs J E Haywood - Director


Summerfield Property Worcester Limited (Registered number: 08418533)

Notes to the Financial Statements
for the Period 1st April 2023 to 31st August 2024

1. STATUTORY INFORMATION

Summerfield Property Worcester 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.

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.
Computer equipment - 33% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in non-distributable reserves.

TAXATION
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Summerfield Property Worcester Limited (Registered number: 08418533)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 31st August 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st August 2024 999
DEPRECIATION
At 1st April 2023 782
Charge for period 217
At 31st August 2024 999
NET BOOK VALUE
At 31st August 2024 -
At 31st March 2023 217

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st August 2024 1,360,000
NET BOOK VALUE
At 31st August 2024 1,360,000
At 31st March 2023 1,360,000


6. RESERVES
Non-distributable
reserve
£   
At 1st April 2023
and 31st August 2024 313,140

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st August 2024 and the year ended 31st March 2023:

2024 2023
£    £   
Mrs J E Haywood
Balance outstanding at start of period 220,219 200,414
Amounts advanced 30,069 59,605
Amounts repaid (252,287 ) (39,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (1,999 ) 220,219

8. RELATED PARTY DISCLOSURES

At 31 August 2024 the company owed:

- £773,955 to Summerfield Properties Ltd, an associated company
- £10,000 to Promanco Ltd, a company under common control

No interest is payable on the balances.