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S & A Properties (North West) Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






S & A Properties (North West) Limited (Registered number: 08567389)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S & A Properties (North West) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Hannaway
Mrs A M Hannaway





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 08567389 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

S & A Properties (North West) Limited (Registered number: 08567389)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 380,000 420,000

CURRENT ASSETS
Cash at bank and in hand 120 175

CREDITORS
Amounts falling due within one year 5 204,389 200,633
NET CURRENT LIABILITIES (204,269 ) (200,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,731

219,542

PROVISIONS FOR LIABILITIES 44,957 55,557
NET ASSETS 130,774 163,985

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 6 124,693 154,093
Retained earnings 5,981 9,792
130,774 163,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 November 2024 and were signed on its behalf by:





S Hannaway - Director


S & A Properties (North West) Limited (Registered number: 08567389)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

S & A Properties (North West) 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.

Turnover
Turnover represents net rent receivable.

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.

3. EMPLOYEES AND DIRECTORS

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

S & A Properties (North West) Limited (Registered number: 08567389)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 420,000
Revaluations (40,000 )
At 30 June 2024 380,000
NET BOOK VALUE
At 30 June 2024 380,000
At 30 June 2023 420,000

Investment properties were valued using market data by the director on the 30/06/2024.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 96 96
Taxation and social security - 2,324
Other creditors 204,293 198,213
204,389 200,633

6. RESERVES
Non
distributable
reserves
£   
At 1 July 2023 154,093
Fair value revaluations (29,400 )

At 30 June 2024 124,693