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REGISTERED NUMBER: 05362091 (England and Wales)






Unaudited Financial Statements

for the Year Ended 29th February 2024

for

SARRATT MANAGEMENT LIMITED

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SARRATT MANAGEMENT LIMITED

Company Information
for the Year Ended 29th February 2024







Director: R D Potter





Registered office: 1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU





Registered number: 05362091 (England and Wales)





Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Balance Sheet
29th February 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
75,139 Tangible assets 4 71,406
47,441 Investments 5 47,441
1,020,000 Investment property 6 1,020,000
1,142,580 1,138,847

CURRENT ASSETS
56,559 Debtors 7 54,994

CREDITORS
219,408 Amounts falling due within one year 8 244,165
(162,849 ) NET CURRENT LIABILITIES (189,171 )

979,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

949,676

CREDITORS

(530,500

)
Amounts falling due after more than one
year

9

(494,381

)

(63,893 ) PROVISIONS FOR LIABILITIES 11 (62,960 )
385,338 NET ASSETS 392,335

CAPITAL AND RESERVES
100 Called up share capital 12 100
222,723 Revaluation reserve 13 222,723
162,515 Retained earnings 13 169,512
385,338 SHAREHOLDERS' FUNDS 392,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Balance Sheet - continued
29th February 2024


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 19th November 2024 and were signed by:





R D Potter - Director


SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Sarratt Management 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 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.
Plant and machinery etc - 33% on written down values and 5% on written down values

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Totals machinery fittings
£    £    £   
Cost
At 1st March 2023 119,461 111,278 8,183
Additions 427 - 427
At 29th February 2024 119,888 111,278 8,610
Depreciation
At 1st March 2023 44,322 37,419 6,903
Charge for year 4,160 3,693 467
At 29th February 2024 48,482 41,112 7,370
Net book value
At 29th February 2024 71,406 70,166 1,240
At 28th February 2023 75,139 73,859 1,280

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1st March 2023
and 29th February 2024 47,441
Net book value
At 29th February 2024 47,441
At 28th February 2023 47,441

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st March 2023
and 29th February 2024 1,020,000
Net book value
At 29th February 2024 1,020,000
At 28th February 2023 1,020,000

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2024 1,020,000

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,988 1,500
Amounts owed by group undertakings 38,660 53,438
Prepayments and accrued income 3,346 1,621
54,994 56,559

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 55,106 57,313
Amounts owed to group undertakings 49,203 54,314
Corporation tax 2,298 12,135
Social security and other taxes 6,521 6,037
VAT 13,377 19,576
Directors' current accounts 54,108 22,968
Accruals and deferred income 63,552 47,065
244,165 219,408

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 394,381 430,500
Directors loan account 100,000 100,000
494,381 530,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 174,381 210,500

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 24 2,231
Bank loans 55,082 55,082
55,106 57,313

Amounts falling due between two and five years:
Bank loans - 2-5 years 220,000 220,000

Amounts falling due in more than five years:

SARRATT MANAGEMENT LIMITED (REGISTERED NUMBER: 05362091)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

10. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 174,381 210,500

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 17,852 18,785
Other timing differences 45,108 45,108
62,960 63,893

Deferred
tax
£   
Balance at 1st March 2023 63,893
Credit to Income Statement during year (933 )
Balance at 29th February 2024 62,960

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

13. RESERVES
Retained Revaluation
Totals earnings reserve
£    £    £   

At 1st March 2023 385,238 162,515 222,723
Profit for the year 6,997 6,997
At 29th February 2024 392,235 169,512 222,723