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REGISTERED NUMBER: 04000123 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 May 2024

for

S A Estates Limited

S A Estates Limited (Registered number: 04000123)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S A Estates Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr M Aujla
Mr J H Sutton





REGISTERED OFFICE: Wham House Farm
Moss Lane
Little Hoole
Preston
Lancashire
PR4 4TA





REGISTERED NUMBER: 04000123 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

S A Estates Limited (Registered number: 04000123)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 495,115 403,493
Investment property 5 3,000,000 3,000,000
3,495,115 3,403,493

CURRENT ASSETS
Stocks 1,462,524 367,823
Debtors 6 110,465 99,351
Cash at bank and in hand 5,422 594,255
1,578,411 1,061,429
CREDITORS
Amounts falling due within one year 7 734,656 318,772
NET CURRENT ASSETS 843,755 742,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,338,870

4,146,150

CREDITORS
Amounts falling due after more than one
year

8

(46,689

)

-

PROVISIONS FOR LIABILITIES (537,139 ) (390,818 )
NET ASSETS 3,755,042 3,755,332

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 3,754,939 3,755,229
SHAREHOLDERS' FUNDS 3,755,042 3,755,332

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.

S A Estates Limited (Registered number: 04000123)

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.

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 4 February 2025 and were signed on its behalf by:





Mr J H Sutton - Director


S A Estates Limited (Registered number: 04000123)

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


1. STATUTORY INFORMATION

S A Estates 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of work done and invoiced during the year (excluding value added tax). Adjustments are made to turnover for the movement in amounts recoverable under contracts, which is shown at selling price.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

S A Estates Limited (Registered number: 04000123)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 375,058 110,041 485,099
Additions - 119,670 119,670
Disposals - (9,490 ) (9,490 )
At 31 May 2024 375,058 220,221 595,279
DEPRECIATION
At 1 June 2023 - 81,606 81,606
Charge for year - 21,191 21,191
Eliminated on disposal - (2,633 ) (2,633 )
At 31 May 2024 - 100,164 100,164
NET BOOK VALUE
At 31 May 2024 375,058 120,057 495,115
At 31 May 2023 375,058 28,435 403,493

S A Estates Limited (Registered number: 04000123)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 105,000
At 31 May 2024 105,000
DEPRECIATION
Charge for year 15,750
At 31 May 2024 15,750
NET BOOK VALUE
At 31 May 2024 89,250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 3,000,000
NET BOOK VALUE
At 31 May 2024 3,000,000
At 31 May 2023 3,000,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2018 3,000,000

As per the directors responsible for reviewing, there has been no revaluation of investment property during the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 110,465 99,351

S A Estates Limited (Registered number: 04000123)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 223,036 -
Hire purchase contracts 79,371 -
Trade creditors 279,445 118,656
Taxation and social security 24,837 35,860
Other creditors 127,967 164,256
734,656 318,772

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 46,689 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 126,060 -