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REGISTERED NUMBER: 05465549 (England and Wales)















Saunders Property Services Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Saunders Property Services Limited (Registered number: 05465549)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Saunders Property Services Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs L M Saunders
S J Saunders



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 05465549 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
16 High Street
Bridgwater
Somerset
TA6 3DX

Saunders Property Services Limited (Registered number: 05465549)

Abridged Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,599 2,205

CURRENT ASSETS
Debtors 21,739 25,072
Cash at bank and in hand 18,921 12,984
40,660 38,056
CREDITORS
Amounts falling due within one year 26,363 26,880
NET CURRENT ASSETS 14,297 11,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,896

13,381

PROVISIONS FOR LIABILITIES 314 444
NET ASSETS 15,582 12,937

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 15,402 12,757
SHAREHOLDERS' FUNDS 15,582 12,937

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.

Saunders Property Services Limited (Registered number: 05465549)

Abridged Statement of Financial Position - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





S J Saunders - Director


Saunders Property Services Limited (Registered number: 05465549)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Saunders 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Saunders Property Services Limited (Registered number: 05465549)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 21,080
DEPRECIATION
At 1 June 2023 18,875
Charge for year 606
At 31 May 2024 19,481
NET BOOK VALUE
At 31 May 2024 1,599
At 31 May 2023 2,205

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs L M Saunders and S J Saunders
Balance outstanding at start of year 21,455 13,394
Amounts advanced - 8,061
Amounts repaid (2,979 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,476 21,455

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L M Saunders and S J Saunders.

The company was controlled throughout the current and previous period by its directors, Mrs L M Saunders and S J Saunders, by virtue of the fact that, between them, they own all of the company's issued share capital.