Saxon Gate Homes Ltd 11102840 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Building Construction Digita Accounts Production Advanced 6.30.9574.0 true true 11102840 2023-04-01 2024-03-31 11102840 2024-03-31 11102840 core:RetainedEarningsAccumulatedLosses 2024-03-31 11102840 core:ShareCapital 2024-03-31 11102840 core:CurrentFinancialInstruments 2024-03-31 11102840 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11102840 bus:SmallEntities 2023-04-01 2024-03-31 11102840 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11102840 bus:FilletedAccounts 2023-04-01 2024-03-31 11102840 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11102840 bus:RegisteredOffice 2023-04-01 2024-03-31 11102840 bus:Director1 2023-04-01 2024-03-31 11102840 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11102840 1 2023-04-01 2024-03-31 11102840 countries:AllCountries 2023-04-01 2024-03-31 11102840 2022-04-01 2023-03-31 11102840 2023-03-31 11102840 core:RetainedEarningsAccumulatedLosses 2023-03-31 11102840 core:ShareCapital 2023-03-31 11102840 core:CurrentFinancialInstruments 2023-03-31 11102840 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11102840

Saxon Gate Homes Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Saxon Gate Homes Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Saxon Gate Homes Ltd

(Registration number: 11102840)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

167,568

605,188

Debtors

5

1,678,760

364,347

Cash at bank and in hand

 

3,353

191,209

 

1,849,681

1,160,744

Creditors: Amounts falling due within one year

6

(1,820,725)

(1,086,821)

Net assets

 

28,956

73,923

Capital and reserves

 

Called up share capital

100

100

Retained earnings

28,856

73,823

Shareholders' funds

 

28,956

73,923

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

.........................................
A J Teal
Director

 

Saxon Gate Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 2 Healey House
Dene Road
Andover
Hampshire
SP10 2AA

These financial statements were authorised for issue by the Board on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Saxon Gate Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments


Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Saxon Gate Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Stocks

2024
£

2023
£

Other inventories

167,568

605,188

5

debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

1,526,018

307,467

Other debtors

 

152,742

56,880

   

1,678,760

364,347

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

118,452

122,422

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,560,507

845,513

Taxation and social security

 

141,766

118,886

 

1,820,725

1,086,821

7

Parent and ultimate parent undertaking

The company's immediate parent is Bourne Valley Holdings Limited, incorporated in England & Wales.

  These financial statements are available upon request from Suite 2, Healey House, Dene Road, Andover, SP10 2AA