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REGISTERED NUMBER: 13080811 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Sapientia Developments Limited

Sapientia Developments Limited (Registered number: 13080811)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sapientia Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S J Collins





REGISTERED OFFICE: Flat 4
318 Manor House Court
Green Lanes
London





REGISTERED NUMBER: 13080811 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Sapientia Developments Limited (Registered number: 13080811)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 14,246

CURRENT ASSETS
Debtors 5 372,364 741,381
Cash at bank and in hand 248 10,799
372,612 752,180
CREDITORS
Amounts falling due within one year 6 437,682 537,545
NET CURRENT (LIABILITIES)/ASSETS (65,070 ) 214,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

(65,070

)

228,881

PROVISIONS FOR LIABILITIES - 2,707
NET (LIABILITIES)/ASSETS (65,070 ) 226,174

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (65,071 ) 226,173
(65,070 ) 226,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Sapientia Developments Limited (Registered number: 13080811)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 30 May 2024 and were signed by:





S J Collins - Director


Sapientia Developments Limited (Registered number: 13080811)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sapientia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of construction services received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the services are complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

Sapientia Developments Limited (Registered number: 13080811)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 18,995
Disposals (18,995 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 4,749
Eliminated on disposal (4,749 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 14,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 157,500 -
Other debtors 214,864 741,381
372,364 741,381

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 195,559 196,591
Taxation and social security 211,607 340,354
Other creditors 30,516 600
437,682 537,545

7. RELATED PARTY DISCLOSURES

Included in debtors at 31st December 2023 is £211,054 owed from a related party under common control. The loan is repayable on demand and interest free.

Included in creditors at 31st December 2023 is £16,200 owed to a related party under common control. The loan is repayable on demand and interest free.