Saxon Touring Limited 14097998 true 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is PHYSICAL WELL-BEING ACTIVITIES Digita Accounts Production Advanced 6.30.9574.0 true 14097998 2023-06-01 2024-05-31 14097998 2024-05-31 14097998 bus:OrdinaryShareClass1 2024-05-31 14097998 core:RetainedEarningsAccumulatedLosses 2024-05-31 14097998 core:ShareCapital 2024-05-31 14097998 core:CurrentFinancialInstruments 2024-05-31 14097998 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14097998 1 2024-05-31 14097998 bus:SmallEntities 2023-06-01 2024-05-31 14097998 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14097998 bus:FilletedAccounts 2023-06-01 2024-05-31 14097998 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14097998 bus:RegisteredOffice 2023-06-01 2024-05-31 14097998 bus:Director1 2023-06-01 2024-05-31 14097998 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 14097998 bus:EntityHasNeverTraded 2023-06-01 2024-05-31 14097998 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14097998 countries:EnglandWales 2023-06-01 2024-05-31 14097998 1 2023-06-01 2024-05-31 14097998 1 2023-05-31 14097998 2022-05-10 2023-05-31 14097998 2023-05-31 14097998 bus:OrdinaryShareClass1 2023-05-31 14097998 core:RetainedEarningsAccumulatedLosses 2023-05-31 14097998 core:ShareCapital 2023-05-31 14097998 core:CurrentFinancialInstruments 2023-05-31 14097998 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14097998

Saxon Touring Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Saxon Touring Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Saxon Touring Limited

(Registration number: 14097998)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

           

Current assets

   

 

Debtors

4

 

60,987

 

-

Cash at bank and in hand

   

41,311

 

100

   

102,298

 

100

Creditors: Amounts falling due within one year

5

 

(103,706)

 

-

Net (liabilities)/assets

   

(1,408)

 

100

Capital and reserves

   

 

Called up share capital

6

100

 

100

 

Retained earnings

(1,508)

 

-

 

Shareholders' (deficit)/funds

   

(1,408)

 

100

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 March 2025
 

.........................................
P R Byford
Director

 

Saxon Touring Limited

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

1

General information

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

The address of its registered office is:
Manor Farm
Kirkham Abbey
York
YO60 7JS

These financial statements were authorised for issue by the director on 21 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A 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.

The company's functional and presentation currency is pound sterling.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Saxon Touring Limited

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

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

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

4

Debtors

Current

2024
£

2023
£

Prepayments

10,802

-

Other debtors

50,185

-

 

60,987

-

 

Saxon Touring Limited

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

510

-

Accruals and deferred income

52,196

-

Other creditors

51,000

-

103,706

-

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Advances to director
£

At 31 May 2024
£

Interest free loan

100

50,000

50,100