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REGISTERED NUMBER: 09663587 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

SA STOREY NORTH WEST LIMITED

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SA STOREY NORTH WEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: S A Storey
Mrs K J Storey





REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 09663587 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

ABRIDGED BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 441,633 494,558
Investments 5 100 100
Investment property 6 1,210,483 1,210,483
1,652,216 1,705,141

CURRENT ASSETS
Debtors 316,459 358,514
Cash at bank 162,969 219,969
479,428 578,483
CREDITORS
Amounts falling due within one year 644,768 543,303
NET CURRENT (LIABILITIES)/ASSETS (165,340 ) 35,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,876

1,740,321

CREDITORS
Amounts falling due after more than one year 7 (679,148 ) (762,178 )

PROVISIONS FOR LIABILITIES (77,347 ) (79,897 )
NET ASSETS 730,381 898,246

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 730,281 898,146
SHAREHOLDERS' FUNDS 730,381 898,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

ABRIDGED BALANCE SHEET - continued
30TH JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd April 2025 and were signed on its behalf by:





S A Storey - Director


SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

SA Storey North West 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation
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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2023 882,135
Additions 31,179
At 30th June 2024 913,314
DEPRECIATION
At 1st July 2023 387,577
Charge for year 84,104
At 30th June 2024 471,681
NET BOOK VALUE
At 30th June 2024 441,633
At 30th June 2023 494,558

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

Totals
£   
COST
Reclassification/transfer 215,372
At 30th June 2024 215,372
DEPRECIATION
Reclassification/transfer 72,262
At 30th June 2024 72,262
NET BOOK VALUE
At 30th June 2024 143,110

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st July 2023
and 30th June 2024 100
NET BOOK VALUE
At 30th June 2024 100
At 30th June 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 1,210,483
NET BOOK VALUE
At 30th June 2024 1,210,483
At 30th June 2023 1,210,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 482,605 483,099

SA STOREY NORTH WEST LIMITED (REGISTERED NUMBER: 09663587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 698,269 780,705
Hire purchase contracts 98,431 109,364
796,700 890,069

Monies deposited to the company deposit account have been secured by a fixed charge, dated 5 April 2016, in favour of The Royal Bank of Scotland Plc.

The company assets are secured by fixed and floating charges, dated 5 April 2016, in favour of The Royal Bank of Scotland Plc.

Land and Buildings at Charnock Richard Golf Club, are secured by way of 2 fixed and floating charges, dated 3 March 2017, in favour of The Royal Bank of Scotland Plc.

Hire Purchase liabilities and other loans are secured against the specific assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year the company generated recharges with SA Storey Limited, a company of which Mr and Mrs Storey are directors, of £20,323 (2023: £12,850) There was also a balance due to SA Storey Ltd of £416,220 (2023: £185,296).