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REGISTERED NUMBER: NI011459 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 10 August 2024

for

Savage and Patton Financial Services Ltd

Savage and Patton Financial Services Ltd (Registered number: NI011459)






Contents of the Financial Statements
for the Year Ended 10 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Savage and Patton Financial Services Ltd

Company Information
for the Year Ended 10 August 2024







DIRECTORS: S N Gibson
Mrs T Kearney





SECRETARY: S N Gibson





REGISTERED OFFICE: Old Bank House
2 Crossgar Road
Saintfield
Ballynahinch
Co. Down
BT24 7AS





REGISTERED NUMBER: NI011459 (Northern Ireland)





ACCOUNTANT: R Savage & Company
Accountants & Taxation Consultants
Old Bank House
2 Crossgar Road
Saintfield
Ballynahinch
Co. Down
BT24 7BD

Savage and Patton Financial Services Ltd (Registered number: NI011459)

Balance Sheet
10 August 2024

10.8.24 10.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 399,329 399,329

CURRENT ASSETS
Cash at bank 2,214 2,286

CREDITORS
Amounts falling due within one year 5 12,796 6,893
NET CURRENT LIABILITIES (10,582 ) (4,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,747

394,722

CREDITORS
Amounts falling due after more than one
year

6

8,705

64,338
NET ASSETS 380,042 330,384

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 250,000 250,000
Retained earnings 129,942 80,284
SHAREHOLDERS' FUNDS 380,042 330,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 10 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 10 August 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.

Savage and Patton Financial Services Ltd (Registered number: NI011459)

Balance Sheet - continued
10 August 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 5 March 2025 and were signed on its behalf by:





S N Gibson - Director


Savage and Patton Financial Services Ltd (Registered number: NI011459)

Notes to the Financial Statements
for the Year Ended 10 August 2024

1. STATUTORY INFORMATION

Savage and Patton Financial Services Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 11 August 2023
and 10 August 2024 399,329
NET BOOK VALUE
At 10 August 2024 399,329
At 10 August 2023 399,329

Savage and Patton Financial Services Ltd (Registered number: NI011459)

Notes to the Financial Statements - continued
for the Year Ended 10 August 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10.8.24 10.8.23
£    £   
Taxation and social security 12,796 6,893

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
10.8.24 10.8.23
£    £   
Other creditors 8,705 64,338

7. RESERVES
Revaluation
reserve
£   
At 11 August 2023
and 10 August 2024 250,000