Saint Andrews Bureau Limited 00628433 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property management and development Digita Accounts Production Advanced 6.30.9574.0 true false true true true 00628433 2023-04-01 2024-03-31 00628433 2024-03-31 00628433 core:RetainedEarningsAccumulatedLosses 2024-03-31 00628433 core:ShareCapital 2024-03-31 00628433 core:CurrentFinancialInstruments 2024-03-31 00628433 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00628433 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00628433 core:Goodwill 2024-03-31 00628433 core:FurnitureFittingsToolsEquipment 2024-03-31 00628433 core:LandBuildings 2024-03-31 00628433 core:MotorVehicles 2024-03-31 00628433 core:OtherRelatedParties 2024-03-31 00628433 bus:SmallEntities 2023-04-01 2024-03-31 00628433 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00628433 bus:FilletedAccounts 2023-04-01 2024-03-31 00628433 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00628433 bus:RegisteredOffice 2023-04-01 2024-03-31 00628433 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 00628433 bus:Director2 2023-04-01 2024-03-31 00628433 bus:Director3 2023-04-01 2024-03-31 00628433 bus:Director4 2023-04-01 2024-03-31 00628433 bus:Director5 2023-04-01 2024-03-31 00628433 bus:Director6 2023-04-01 2024-03-31 00628433 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00628433 core:Goodwill 2023-04-01 2024-03-31 00628433 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 00628433 core:LandBuildings 2023-04-01 2024-03-31 00628433 core:LeaseholdImprovements 2023-04-01 2024-03-31 00628433 core:MotorVehicles 2023-04-01 2024-03-31 00628433 core:PlantMachinery 2023-04-01 2024-03-31 00628433 core:OtherRelatedParties 2023-04-01 2024-03-31 00628433 core:Subsidiary1 2023-04-01 2024-03-31 00628433 core:Subsidiary1 1 2023-04-01 2024-03-31 00628433 core:Subsidiary1 countries:AllCountries 2023-04-01 2024-03-31 00628433 1 2023-04-01 2024-03-31 00628433 countries:EnglandWales 2023-04-01 2024-03-31 00628433 2023-03-31 00628433 core:Goodwill 2023-03-31 00628433 core:CostValuation 2023-03-31 00628433 core:FurnitureFittingsToolsEquipment 2023-03-31 00628433 core:LandBuildings 2023-03-31 00628433 core:MotorVehicles 2023-03-31 00628433 core:OtherRelatedParties 2023-03-31 00628433 2022-04-01 2023-03-31 00628433 2023-03-31 00628433 core:RetainedEarningsAccumulatedLosses 2023-03-31 00628433 core:ShareCapital 2023-03-31 00628433 core:CurrentFinancialInstruments 2023-03-31 00628433 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00628433 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 00628433 core:Goodwill 2023-03-31 00628433 core:FurnitureFittingsToolsEquipment 2023-03-31 00628433 core:LandBuildings 2023-03-31 00628433 core:MotorVehicles 2023-03-31 00628433 core:OtherRelatedParties 2023-03-31 00628433 core:OtherRelatedParties 2022-04-01 2023-03-31 00628433 core:Subsidiary1 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 00628433

Saint Andrews Bureau Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Saint Andrews Bureau Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Saint Andrews Bureau Limited

Company Information

Directors

Mr C P Astin

Mrs S S Astin

Mr D P Astin

Mr K S Astin

Mr A J Knight

Mrs C Baron

Company secretary

Mr C P Astin

Registered office

The Barn
Station Road
Swaffham Bulbeck
Cambridge
CB25 0NW

Accountants

Websters Cambridge Limited
A tax, legal and accountancy firm
10 Wellington Street
Cambridge
CB1 1HW

 

Saint Andrews Bureau Limited

(Registration number: 00628433)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,550,633

1,238,969

Tangible assets

5

252,485

193,222

Investments

6

100

100

 

1,803,218

1,432,291

Current assets

 

Debtors

7

1,276,315

974,018

Cash at bank and in hand

 

203,198

551,436

 

1,479,513

1,525,454

Creditors: Amounts falling due within one year

8

(499,420)

(507,041)

Net current assets

 

980,093

1,018,413

Total assets less current liabilities

 

2,783,311

2,450,704

Creditors: Amounts falling due after more than one year

8

(52,174)

(37,738)

Provisions for liabilities

(22,127)

(22,208)

Net assets

 

2,709,010

2,390,758

Capital and reserves

 

Called up share capital

500

500

Retained earnings

2,708,510

2,390,258

Shareholders' funds

 

2,709,010

2,390,758

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 November 2024 and signed on its behalf by:
 

 

Saint Andrews Bureau Limited

(Registration number: 00628433)
Balance Sheet as at 31 March 2024

.........................................
Mr C P Astin
Company secretary and director

 

Saint Andrews Bureau Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Barn
Station Road
Swaffham Bulbeck
Cambridge
CB25 0NW

These financial statements were authorised for issue by the Board on 8 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors, having assessed the business risks and giving due consideration to the profitability of the business and the cash flow required to meet its on-going obligations, consider it appropriate to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Saint Andrews Bureau Limited

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

Government grants

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

5% to 10% straight line

Plant and machinery

33% straight line

Fittings, fixtures and equipment

10% reducing balance

Motor vehicles

20% straight line

 

Saint Andrews Bureau Limited

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

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

4% to 10% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Saint Andrews Bureau Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of interest charges incurred and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic charge.

 

Saint Andrews Bureau Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 40 (2023 - 41).

 

Saint Andrews Bureau Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

1,827,756

1,827,756

Additions acquired separately

400,000

400,000

At 31 March 2024

2,227,756

2,227,756

Amortisation

At 1 April 2023

588,787

588,787

Amortisation charge

88,336

88,336

At 31 March 2024

677,123

677,123

Carrying amount

At 31 March 2024

1,550,633

1,550,633

At 31 March 2023

1,238,969

1,238,969

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

38,732

142,086

372,283

553,101

Additions

-

12,197

118,003

130,200

Disposals

-

-

(32,150)

(32,150)

At 31 March 2024

38,732

154,283

458,136

651,151

Depreciation

At 1 April 2023

16,064

112,944

230,871

359,879

Charge for the year

2,364

6,127

62,446

70,937

Eliminated on disposal

-

-

(32,150)

(32,150)

At 31 March 2024

18,428

119,071

261,167

398,666

Carrying amount

At 31 March 2024

20,304

35,212

196,969

252,485

At 31 March 2023

22,668

29,142

141,412

193,222

 

Saint Andrews Bureau Limited

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

6

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 April 2023

100

Carrying amount

At 31 March 2024

100

At 31 March 2023

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Sabre Estate Management Limited

The Barn
Station Road
Swaffham Bulbeck
Cambridge
CB25 0NW

England & Wales

Ordinary £1 shares

100%

100%

Subsidiary undertakings

Sabre Estate Management Limited

The principal activity of Sabre Estate Management Limited is the management of Real Estate.

 

Saint Andrews Bureau Limited

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

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

36,267

24,118

Amounts owed by related parties

10

420,422

247,255

Prepayments

 

137,028

125,313

Other debtors

 

682,598

577,332

   

1,276,315

974,018

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

36,299

33,756

Trade creditors

 

130,618

109,031

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

24,272

32,431

Taxation and social security

 

221,439

258,322

Accruals and deferred income

 

39,627

51,659

Other creditors

 

47,165

21,842

 

499,420

507,041


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £36,299 (2023 - £33,756).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

52,174

37,738


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £52,174 (2023 - £37,738).

 

Saint Andrews Bureau Limited

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

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £481,000 (2023 - £618,000). This amount is the total future minimum lease payments due under non-cancellable operating leases.

10

Related party transactions

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

54,980

54,980

Advanced

54,104

54,104

At end of period

109,084

109,084

2023

Other related parties
£

Total
£

Advanced

54,980

54,980

At end of period

54,980

54,980

Terms of loans to related parties

The balance outstanding is interest free and repayable on demand.

11

Parent and ultimate parent undertaking

The company's immediate parent is Shelford Investments Limited, incorporated in England & Wales.