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REGISTERED NUMBER: 13018201 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

G Saviano Properties (Leeds) Limited

G Saviano Properties (Leeds) Limited (Registered number: 13018201)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G Saviano Properties (Leeds) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G Saviano





REGISTERED OFFICE: 3 Park Square
Leeds
LS1 2NE





REGISTERED NUMBER: 13018201 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

G Saviano Properties (Leeds) Limited (Registered number: 13018201)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 636,675 636,675

CURRENT ASSETS
Debtors 5 149,074 -
Cash at bank 12,934 122,676
162,008 122,676
CREDITORS
Amounts falling due within one year 6 105,017 51,723
NET CURRENT ASSETS 56,991 70,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,666

707,628

CREDITORS
Amounts falling due after more than one
year

7

670,124

691,172
NET ASSETS 23,542 16,456

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 23,541 16,455
SHAREHOLDERS' FUNDS 23,542 16,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

G Saviano Properties (Leeds) Limited (Registered number: 13018201)

Balance Sheet - continued
30 November 2023


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 28 November 2024 and were signed by:





G Saviano - Director


G Saviano Properties (Leeds) Limited (Registered number: 13018201)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

G Saviano Properties (Leeds) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 636,675
NET BOOK VALUE
At 30 November 2023 636,675
At 30 November 2022 636,675

The director considers that the fair value of the property is equivalent to cost.

G Saviano Properties (Leeds) Limited (Registered number: 13018201)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Directors' current accounts 111,457 -
Tax recoverable 37,617 -
149,074 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 31,638 30,773
Tax 42,777 3,860
VAT 1,301 390
Accrued expenses 29,301 16,700
105,017 51,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 355,923 376,971
Amounts owed to related undertakings 314,201 314,201
670,124 691,172

Amounts falling due in more than five years:

Repayable by instalments
More than 5 years by instalments 229,372 253,879

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 31,638 30,773

Amounts falling due between one and two years:
Bank loans - 1-2 years 31,638 30,773

Amounts falling due between two and five years:
Bank loans - 2-5 years 94,913 92,319

Amounts falling due in more than five years:

G Saviano Properties (Leeds) Limited (Registered number: 13018201)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
More than 5 years by instalments 229,372 253,879

The bank loan is a fifteen year mortgage provided by Lloyds Bank Plc. Interest on the mortgage is to be charged at the annual rate of 2.7% above the Bank of England base rate.

This bank loan is secured via a fixed charge over the property to which it relates.

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 387,561 407,744

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 December 2022 16,455
Profit for the year 7,086
At 30 November 2023 23,541

12. RELATED PARTY DISCLOSURES

During the period, the company charged net rents of £65,000 (2022: £54,167) to Saviano Food Import Limited, a company of which Mr G Saviano is a director and majority shareholder.

At 30 November 2023, the company owed an amount of £314,201 (2022: £314,201) to Saviano Food Import Limited.

13. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its director, Mr G Saviano.