Silverfin false false 29/02/2024 01/03/2023 29/02/2024 S A Reynolds 28/11/2017 28 November 2024 The principal activity of the Company during the financial year was the development of building projects. 11085799 2024-02-29 11085799 bus:Director1 2024-02-29 11085799 2023-02-28 11085799 core:CurrentFinancialInstruments 2024-02-29 11085799 core:CurrentFinancialInstruments 2023-02-28 11085799 core:Non-currentFinancialInstruments 2024-02-29 11085799 core:Non-currentFinancialInstruments 2023-02-28 11085799 core:ShareCapital 2024-02-29 11085799 core:ShareCapital 2023-02-28 11085799 core:RetainedEarningsAccumulatedLosses 2024-02-29 11085799 core:RetainedEarningsAccumulatedLosses 2023-02-28 11085799 core:CostValuation 2023-02-28 11085799 core:CostValuation 2024-02-29 11085799 bus:OrdinaryShareClass1 2024-02-29 11085799 2023-03-01 2024-02-29 11085799 bus:FilletedAccounts 2023-03-01 2024-02-29 11085799 bus:SmallEntities 2023-03-01 2024-02-29 11085799 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11085799 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11085799 bus:Director1 2023-03-01 2024-02-29 11085799 2022-03-01 2023-02-28 11085799 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 11085799 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 11085799 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11085799 (England and Wales)

SAR PROPERTY CONSULTANCY LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

SAR PROPERTY CONSULTANCY LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

SAR PROPERTY CONSULTANCY LIMITED

BALANCE SHEET

As at 29 February 2024
SAR PROPERTY CONSULTANCY LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 12,503 12,503
12,503 12,503
Current assets
Debtors 4 650,775 430,028
Cash at bank and in hand 33,471 205,720
684,246 635,748
Creditors: amounts falling due within one year 5 ( 151,054) ( 65,990)
Net current assets 533,192 569,758
Total assets less current liabilities 545,695 582,261
Creditors: amounts falling due after more than one year 6 ( 29,168) ( 34,722)
Net assets 516,527 547,539
Capital and reserves
Called-up share capital 7 1,500 1,500
Profit and loss account 515,027 546,039
Total shareholder's funds 516,527 547,539

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of SAR Property Consultancy Limited (registered number: 11085799) were approved and authorised for issue by the Director on 28 November 2024. They were signed on its behalf by:

S A Reynolds
Director
SAR PROPERTY CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
SAR PROPERTY CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SAR Property Consultancy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Laurels Farm Mill Road, Barton St David, Somerton, TA11 6DF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 12,503 12,503

Investments in subsidiaries

2024
£
Cost
At 01 March 2023 12,503
At 29 February 2024 12,503
Carrying value at 29 February 2024 12,503
Carrying value at 28 February 2023 12,503

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 629,828 427,781
Other debtors 20,947 2,247
650,775 430,028

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,555 5,556
Amounts owed to Group undertakings 145,249 60,184
Other creditors 250 250
151,054 65,990

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 29,168 34,722

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,500 Ordinary shares of £ 1.00 each 1,500 1,500

8. Related party transactions

Transactions with the entity's director

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 March 2023, the balance owed by the director was £nil. During the year, £161,893 was advanced to the director, and £141,393 was repaid by the director. The balance owed by the director at 28 February 2024 was £20,500.

At 1 March 2022, the balance owed by the director was £140,000. During the year, £nil was advanced to the director, and £140,000 was repaid by the director. The balance owed by the director at 28 February 2023 was £nil.