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Registered number: 06048737
Savvy Finance Group Limited
Financial Statements
For the Period 1 July 2023 to 31 August 2024
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06048737
31 August 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 10,001 2
10,001 2
CURRENT ASSETS
Debtors 5 39,059 193,365
Cash at bank and in hand 32 37
39,091 193,402
Creditors: Amounts Falling Due Within One Year 6 (46,885 ) (68,894 )
NET CURRENT ASSETS (LIABILITIES) (7,794 ) 124,508
TOTAL ASSETS LESS CURRENT LIABILITIES 2,207 124,510
NET ASSETS 2,207 124,510
CAPITAL AND RESERVES
Called up share capital 7 51,001 51,001
Capital redemption reserve 108 108
Profit and Loss Account (48,902 ) 73,401
SHAREHOLDERS' FUNDS 2,207 124,510
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Bowker
Director
24 March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Savvy Finance Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06048737 . The registered office is 1st Floor High Bank House, Exchange Street, Stockport, SK3 0ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 July 2023 2
Additions 9,999
As at 31 August 2024 10,001
Provision
As at 1 July 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 10,001
As at 1 July 2023 2
5. Debtors
31 August 2024 30 June 2023
£ £
Due within one year
Amounts owed by group undertakings - 28,404
Amounts owed by participating interests - 126,752
Other debtors 39,059 38,209
39,059 193,365
6. Creditors: Amounts Falling Due Within One Year
31 August 2024 30 June 2023
£ £
Trade creditors 1,325 569
Amounts owed to group undertakings 19,100 -
Other creditors 26,460 68,325
46,885 68,894
Page 2
Page 3
7. Share Capital
31 August 2024 30 June 2023
£ £
Allotted, Called up and fully paid 51,001 51,001
8. Related Party Transactions
At the year end Valour Finance Limited is considered a related party due to common ownership and was owed £19,100 (2023 (£18,830).
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of Savvy Finance Group Limited for the period ended 31 August 2024 was unqualified.
The auditor's report was signed by Ian Buckley (Senior Statutory Auditor) for and on behalf of Bennett Verby Limited , Statutory Auditor.
Bennett Verby Limited
Chartered Certified Accountants
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Page 3