IRIS Accounts Production v24.3.2.46 13385184 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133851842023-05-31133851842024-05-31133851842023-06-012024-05-31133851842022-05-31133851842022-06-012023-05-31133851842023-05-3113385184ns15:EnglandWales2023-06-012024-05-3113385184ns14:PoundSterling2023-06-012024-05-3113385184ns10:Director12023-06-012024-05-3113385184ns10:Director22023-06-012024-05-3113385184ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3113385184ns10:SmallEntities2023-06-012024-05-3113385184ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3113385184ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3113385184ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113385184ns10:FullAccounts2023-06-012024-05-3113385184ns10:RegisteredOffice2023-06-012024-05-3113385184ns5:CurrentFinancialInstruments2024-05-3113385184ns5:CurrentFinancialInstruments2023-05-3113385184ns5:Non-currentFinancialInstruments2024-05-3113385184ns5:Non-currentFinancialInstruments2023-05-3113385184ns5:ShareCapital2024-05-3113385184ns5:ShareCapital2023-05-3113385184ns5:RetainedEarningsAccumulatedLosses2024-05-3113385184ns5:RetainedEarningsAccumulatedLosses2023-05-3113385184ns5:Secured2024-05-3113385184ns5:Secured2023-05-31
REGISTERED NUMBER: 13385184 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SAYER PROPERTY LTD

SAYER PROPERTY LTD (REGISTERED NUMBER: 13385184)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

SAYER PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: E L Connor
T J Sayer





REGISTERED OFFICE: Ashwood House
Caldbec Hill
Battle
East Sussex
TN33 0JS





REGISTERED NUMBER: 13385184 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

SAYER PROPERTY LTD (REGISTERED NUMBER: 13385184)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 227,817 227,817

CURRENT ASSETS
Cash at bank 11,292 8,129

CREDITORS
Amounts falling due within one year 5 65,946 65,634
NET CURRENT LIABILITIES (54,654 ) (57,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,163

170,312

CREDITORS
Amounts falling due after more than one
year

6

167,475

167,475
NET ASSETS 5,688 2,837

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,686 2,835
5,688 2,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:



E L Connor - Director



T J Sayer - Director


SAYER PROPERTY LTD (REGISTERED NUMBER: 13385184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Sayer Property Ltd 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
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

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

Turnover is recognised when the company receives the right to consideration based on the rental agreement.

Investment property
No depreciation or amortisation is provided in respect of the investment property. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the Directors, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as properties are included in the financial statements at their fair 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.

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 NIL (2023 - NIL).

SAYER PROPERTY LTD (REGISTERED NUMBER: 13385184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 227,817
NET BOOK VALUE
At 31 May 2024 227,817
At 31 May 2023 227,817

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 700 700
Other creditors 65,246 64,934
65,946 65,634

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 167,475 167,475

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 167,475 167,475

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 167,475 167,475

The bank lending is secured against the investment property.

8. RELATED PARTY DISCLOSURES

A directors loan account exists to which there are no terms attached. At the year end the directors were owed £64,826 by the company which is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SAYER PROPERTY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sayer Property Ltd for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sayer Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sayer Property Ltd and state those matters that we have agreed to state to the Board of Directors of Sayer Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sayer Property Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sayer Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sayer Property Ltd. You consider that Sayer Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sayer Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


19 February 2025