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Registration number: 08599859

Saricz Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Saricz Developments Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 7

 

Saricz Developments Limited

Company Information

Directors

Mrs Zoe Christine Meadows

Mr Samuel Meadows

Registered office

F6, 3 Cavendish Court
South Parade
Doncaster
DN1 2DJ

 

Saricz Developments Limited

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs Zoe Christine Meadows

Mr Samuel Meadows

Principal activity

The principal activity of the company is letting of residential property owned by company

Going concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the Directors.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 20 November 2024 and signed on its behalf by:
 

.........................................
Mrs Zoe Christine Meadows
Director

.........................................
Mr Samuel Meadows
Director

 

Saricz Developments Limited

(Registration number: 08599859)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,709

2,995

Investment property

5

551,982

367,526

 

554,691

370,521

Current assets

 

Debtors

6

7,767

909

Cash at bank and in hand

 

2,270

8,438

 

10,037

9,347

Creditors: Amounts falling due within one year

(45,662)

(31,533)

Net current liabilities

 

(35,625)

(22,186)

Total assets less current liabilities

 

519,066

348,335

Creditors: Amounts falling due after more than one year

(547,665)

(348,937)

Net liabilities

 

(28,599)

(602)

Capital and reserves

 

Called up share capital

7

300

300

Retained earnings

(28,899)

(902)

Shareholders' deficit

 

(28,599)

(602)

For the financial year ending 31 December 2023 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 20 November 2024 and signed on its behalf by:
 

 

Saricz Developments Limited

(Registration number: 08599859)
Balance Sheet as at 31 December 2023

.........................................
Mrs Zoe Christine Meadows
Director

.........................................
Mr Samuel Meadows
Director

 

Saricz Developments Limited

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

1

General information

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

The address of its registered office is:
F6, 3 Cavendish Court
South Parade
Doncaster
DN1 2DJ

These financial statements were authorised for issue by the Board on 20 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.

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

Furniture, fittings, tools and equipment

RB @ 20% & 25%

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial.

The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that there has been a material change in value.

 

Saricz Developments Limited

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

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

7,233

219

7,452

Additions

399

-

399

At 31 December 2023

7,632

219

7,851

Depreciation

At 1 January 2023

4,307

150

4,457

Charge for the year

668

17

685

At 31 December 2023

4,975

167

5,142

Carrying amount

At 31 December 2023

2,657

52

2,709

At 31 December 2022

2,926

69

2,995

5

Investment properties

2023
£

At 1 January

367,526

Additions

184,456

At 31 December

551,982

There has been no valuation of investment property by an independent valuer.

6

Debtors

 

Saricz Developments Limited

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

Current

2023
£

2022
£

Prepayments

1,939

659

Other debtors

5,828

250

 

7,767

909

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

300

300

300

300