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REGISTERED NUMBER: 07386608 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Saddlers Property Services Limited
Trading as
Parkers

Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saddlers Property Services Limited
Trading as Parkers

Company Information
for the Year Ended 30 September 2024







DIRECTOR: C D Pearson





SECRETARY: Mrs M Pearson





REGISTERED OFFICE: Parkers
11-12 Market Place
Reading
Berkshire
RG1 2EG





REGISTERED NUMBER: 07386608 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 421,253 132,789
Tangible assets 5 1,207,156 962,823
1,628,409 1,095,612

CURRENT ASSETS
Debtors 6 178,535 135,404
Cash at bank 159,412 315,839
337,947 451,243
CREDITORS
Amounts falling due within one year 7 567,573 464,068
NET CURRENT LIABILITIES (229,626 ) (12,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,398,783

1,082,787

CREDITORS
Amounts falling due after more than one
year

8

(997,364

)

(559,953

)

PROVISIONS FOR LIABILITIES 11 (39,164 ) (18,348 )
NET ASSETS 362,255 504,486

CAPITAL AND RESERVES
Called up share capital 12 86 86
Capital redemption reserve 14 14
Retained earnings 362,155 504,386
SHAREHOLDERS' FUNDS 362,255 504,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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

Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





C D Pearson - Director


Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Saddlers Property Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2010, 2015 and 2016, was amortised over its estimated useful life of five and ten years.

Goodwill, being the amount paid in connection with the acquisition of businesses in 2019, 2021 and 2024, is being amortised over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023 1,263,760
Additions 415,341
At 30 September 2024 1,679,101
AMORTISATION
At 1 October 2023 1,130,971
Amortisation for year 126,877
At 30 September 2024 1,257,848
NET BOOK VALUE
At 30 September 2024 421,253
At 30 September 2023 132,789

Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 866,688 181,386 5,742 11,219 1,065,035
Additions 156,962 130,371 - 4,511 291,844
Disposals - (34,447 ) (5,742 ) - (40,189 )
At 30 September 2024 1,023,650 277,310 - 15,730 1,316,690
DEPRECIATION
At 1 October 2023 - 86,214 5,168 10,830 102,212
Charge for year - 43,697 - 1,835 45,532
Eliminated on disposal - (33,042 ) (5,168 ) - (38,210 )
At 30 September 2024 - 96,869 - 12,665 109,534
NET BOOK VALUE
At 30 September 2024 1,023,650 180,441 - 3,065 1,207,156
At 30 September 2023 866,688 95,172 574 389 962,823

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 114,843 61,981
Other debtors 63,692 73,423
178,535 135,404

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 29,716 6,900
Hire purchase contracts (see note 9) 23,400 -
Trade creditors 46,979 26,192
Taxation and social security 196,749 183,693
Other creditors 270,729 247,283
567,573 464,068

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 761,156 352,150
Hire purchase contracts (see note 9) 79,950 -
Other creditors 156,258 207,803
997,364 559,953

Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Included within other creditors falling due after more than one year is an amount of £642,288 (2023 - £393,158) in respect of liabilities which fall due for payment by instalments after more than five years from the balance sheet date.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 23,400 -
Between one and five years 79,950 -
103,350 -

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 8,832 93,651
Between one and five years 208,946 166,940
In more than five years 36,000 54,000
253,778 314,591

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 790,872 359,050

The bank loan is secured against the freehold property and by a personal guarantee from the director.

11. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 39,164 18,348

Deferred
tax
£   
Balance at 1 October 2023 18,348
Accelerated capital allowances 20,816
Balance at 30 September 2024 39,164

Saddlers Property Services Limited (Registered number: 07386608)
Trading as Parkers

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
86 Ordinary £1 86 86

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year £8,328 was advanced to the director. This loan was interest free and was repaid after the year end.