Silverfin false false 31/08/2024 01/09/2023 31/08/2024 S A Reynolds 24/02/2017 17 December 2024 The principal activity of the Company during the financial year was that of property development. 10638248 2024-08-31 10638248 bus:Director1 2024-08-31 10638248 2023-08-31 10638248 core:CurrentFinancialInstruments 2024-08-31 10638248 core:CurrentFinancialInstruments 2023-08-31 10638248 core:Non-currentFinancialInstruments 2024-08-31 10638248 core:Non-currentFinancialInstruments 2023-08-31 10638248 core:ShareCapital 2024-08-31 10638248 core:ShareCapital 2023-08-31 10638248 core:RetainedEarningsAccumulatedLosses 2024-08-31 10638248 core:RetainedEarningsAccumulatedLosses 2023-08-31 10638248 core:PlantMachinery 2023-08-31 10638248 core:Vehicles 2023-08-31 10638248 core:OfficeEquipment 2023-08-31 10638248 core:PlantMachinery 2024-08-31 10638248 core:Vehicles 2024-08-31 10638248 core:OfficeEquipment 2024-08-31 10638248 core:MoreThanFiveYears 2024-08-31 10638248 core:MoreThanFiveYears 2023-08-31 10638248 2023-09-01 2024-08-31 10638248 bus:FilletedAccounts 2023-09-01 2024-08-31 10638248 bus:SmallEntities 2023-09-01 2024-08-31 10638248 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10638248 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10638248 bus:Director1 2023-09-01 2024-08-31 10638248 core:PlantMachinery 2023-09-01 2024-08-31 10638248 core:Vehicles 2023-09-01 2024-08-31 10638248 core:OfficeEquipment 2023-09-01 2024-08-31 10638248 2022-09-01 2023-08-31 10638248 core:Non-currentFinancialInstruments 2023-09-01 2024-08-31 10638248 1 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 10638248 (England and Wales)

SAR MANAGEMENT CONSULTANCY LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

SAR MANAGEMENT CONSULTANCY LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

SAR MANAGEMENT CONSULTANCY LIMITED

BALANCE SHEET

As at 31 August 2024
SAR MANAGEMENT CONSULTANCY LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 16,712 21,068
16,712 21,068
Current assets
Stocks 4 632,075 238,239
Debtors 5 70,839 29,105
Cash at bank and in hand 5,777 2,876
708,691 270,220
Creditors: amounts falling due within one year 6 ( 545,008) ( 43,969)
Net current assets 163,683 226,251
Total assets less current liabilities 180,395 247,319
Creditors: amounts falling due after more than one year 7 ( 26,997) ( 32,466)
Provision for liabilities 8 0 ( 5,267)
Net assets 153,398 209,586
Capital and reserves
Called-up share capital 1 1
Profit and loss account 153,397 209,585
Total shareholder's funds 153,398 209,586

For the financial year ending 31 August 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 Management Consultancy Limited (registered number: 10638248) were approved and authorised for issue by the Director on 17 December 2024. They were signed on its behalf by:

S A Reynolds
Director
SAR MANAGEMENT CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
SAR MANAGEMENT CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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 Management 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 Laurel 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activites.

Deposits and revenue received in advance of the period to which they relate are held within other creditors on the balance shhet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Work in progress is valued at lower of cost and net realisable value, after due regard for obsolete and slow moving work in progress. Net realisable value is based on selling price less anticipated costs to completion selling costs. Cost includes all direct costs.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

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. If an arrangement constitutes a financing transaction it is measured at X. 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 2 2

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 September 2023 19,267 15,274 7,659 42,200
At 31 August 2024 19,267 15,274 7,659 42,200
Accumulated depreciation
At 01 September 2023 5,407 12,443 3,282 21,132
Charge for the financial year 2,772 708 876 4,356
At 31 August 2024 8,179 13,151 4,158 25,488
Net book value
At 31 August 2024 11,088 2,123 3,501 16,712
At 31 August 2023 13,860 2,831 4,377 21,068

4. Stocks

2024 2023
£ £
Work in progress 632,075 238,239

5. Debtors

2024 2023
£ £
Trade debtors 56,550 1,009
Amounts owed by Group undertakings 12,864 16,843
Corporation tax 0 9,506
Other debtors 1,425 1,747
70,839 29,105

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,947 5,035
Trade creditors 72,262 366
Amounts owed to Group undertakings 427,745 16,698
Other taxation and social security 0 95
Other creditors 40,054 21,775
545,008 43,969

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

2024 2023
£ £
Bank loans 26,997 32,466

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

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans 6,488 13,679

8. Provision for liabilities

2024 2023
£ £
Deferred tax 0 5,267

9. Ultimate controlling party

Parent Company:

SAR Property Consultancy Limited
Laurels Farm, Mill Road, Barton St David, Somerton, Somerset TA11 6DF

These financial statements are available on request from Companies House.