2023-09-01 2024-08-31 false Capium Accounts Production 1.1 02748447 2023-09-01 2024-08-31 02748447 bus:FullAccounts 2023-09-01 2024-08-31 02748447 bus:FRS102 2023-09-01 2024-08-31 02748447 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 02748447 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02748447 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02748447 2023-09-01 2024-08-31 02748447 2024-08-31 02748447 bus:RegisteredOffice 2023-09-01 2024-08-31 02748447 core:WithinOneYear 2024-08-31 02748447 core:AfterOneYear 2024-08-31 02748447 1 2023-09-01 2024-08-31 02748447 bus:Director1 2023-09-01 2024-08-31 02748447 bus:Director1 2024-08-31 02748447 bus:Director1 2022-09-01 2023-08-31 02748447 bus:Director2 2023-09-01 2024-08-31 02748447 bus:Director2 2024-08-31 02748447 bus:Director2 2022-09-01 2023-08-31 02748447 2022-09-01 02748447 bus:CompanySecretary1 2023-09-01 2024-08-31 02748447 2022-09-01 2023-08-31 02748447 2023-08-31 02748447 core:WithinOneYear 2023-08-31 02748447 core:AfterOneYear 2023-08-31 02748447 bus:EntityAccountantsOrAuditors 2022-09-01 2023-08-31 02748447 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 02748447 bus:OrdinaryShareClass1 2024-08-31 02748447 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 02748447 bus:OrdinaryShareClass1 2023-08-31 02748447 core:LandBuildings 2023-09-01 2024-08-31 02748447 core:LandBuildings 2024-08-31 02748447 core:LandBuildings 2023-08-31 02748447 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-08-31 02748447 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 02748447 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 02748447 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 02748447 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 02748447 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 02748447 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 02748447 core:Non-currentFinancialInstruments 2024-08-31 02748447 core:Non-currentFinancialInstruments 2023-08-31 02748447 core:ShareCapital 2024-08-31 02748447 core:ShareCapital 2023-08-31 02748447 core:RetainedEarningsAccumulatedLosses 2024-08-31 02748447 core:RetainedEarningsAccumulatedLosses 2023-08-31 02748447 dpl:Item1 2023-09-01 02748447 dpl:Item1 2024-08-31 02748447 dpl:Item1 2022-09-01 02748447 dpl:Item1 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 02748447
England and Wales

 

 

 

SELWORTHY GREEN PROPERTY COMPANY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Directors Carl Swinnerton
Paul Swinnerton
Registered Number 02748447
Registered Office Windy Ash Stud
Cutts Lane
Out Rawcliffe
Lancashire
PR3 6SY
Accountants Kazbor Services Limited
102 Fairhope Avenue
Bare
Morecambe
Lancashire
LA4 6LA
Secretary Carl Swinnerton
Bankers NatWest Bank
Fishergate
Preston
Lancashire
PR1 2BY

1
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2024 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Kazbor Services Limited
102 Fairhope Avenue
Bare
Morecambe
Lancashire
LA4 6LA
12 April 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,380,000    1,380,000 
Investments 4 688,205    762,303 
2,068,205    2,142,303 
Current assets      
Debtors: amounts falling due within one year 5 33,411    17,887 
Cash at bank and in hand 355,642    169,909 
389,053    187,796 
Creditors: amount falling due within one year 6 (183,095)   (135,894)
Net current assets 205,958    51,902 
 
Total assets less current liabilities 2,274,163    2,194,205 
Provisions for liabilities 7 (70,717)   (46,196)
Net assets 2,203,446    2,148,009 
 

Capital and reserves
     
Called up share capital 8 951    951 
Special reserves - Fair value reserve 9 726,973    709,005 
Profit and loss account 1,475,522    1,438,053 
Shareholders' funds 2,203,446    2,148,009 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 April 2025 and were signed on its behalf by:


-------------------------------
Carl Swinnerton
Director
3
General Information
Selworthy Green Property Company Limited is a private company, limited by shares, registered in England and Wales, registration number 02748447, registration address Windy Ash Stud, Cutts Lane, Out Rawcliffe, Lancashire, PR3 6SY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors have the opinion that COVID-19 no longer impacts on the company's financial position. The company operated in an industry where the pandemic did have an impact on its tenants, but the directors considered that the company was in a strong financial position to manage its business risks during the pandemic. Therefore, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is made up of the invoiced value of services provided by the company, net of Value Added Tax and trade discounts. Invoices are issued at regular intervals during the year and turnover is recognised in the financial statements following the issue of a sales invoice. Sales invoices are issued in advance of the service being provided and therefore a provision is made for any turnover that is attributable to a future financial period. The turnover attributable to future financial periods are calculated on a time basis. 
Taxation
The tax payable for the period is based on the taxable profit or loss. The taxable profit or loss may differ from the profit or loss reported in the financial statements because adjustments are made for items that are treated differently for tax purposes compared to their treatment for accounting purposes. The tax liability is based on current tax laws and rates.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation compared to their treatment for accounting purposes. Deferred tax also includes the impact of any tax implications from the movements in fair value changes of investments. The deferred tax balance has not been discounted.
Dividends
Dividends that are deemed to have been voted and paid during the financial period are included in these financial statements. Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives. All present tangible fixed assets are fully depreciated.
Investment properties
Investment properties are valued in the financial statements at their fair market value only if that can be reliably measured without undue cost or effort and any changes in those values are recognised in the the profit or loss account. The accumulated fair value gain or loss is taken to the fair value reserve together with any associated deferred tax implications and is only transferred to retained earnings on the sale of an investment property. The methods and assumptions used to ascertain the fair market value and subsequent gain or loss are shown below:
  • Properties are valued using open market valuations on a freehold basis, conducted annually by the directors with assistance from property agents.
Fixed asset investments
Fixed asset investments are valued in the financial statements at their fair market value and any changes in those values are recognised in the profit and loss account. The accumulated fair value gain or loss together with any associated deferred tax implications are taken to the fair value reserve and is only transferred to retained earnings on the disposal of the fixed asset investment. The methods and assumptions used to ascertain their fair market value and subsequent gain, or loss are shown below:
  • Listed investments are valued at the market price ruling at the reporting date.
  • Other investments are valued at current expected value at the reporting date.
Market values are provided by the company's current financial advisor who is qualified for these purposes. 
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments included within these financial statements are valued at the transaction price ruling at the time of the transaction.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average No. of Employees

The average number of persons provided below includes directors:

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 September 2023 1,380,000    1,380,000 
Additions  
Disposals  
At 31 August 2024 1,380,000    1,380,000 
Depreciation
At 01 September 2023  
Charge for year  
On disposals  
At 31 August 2024  
Net book values
Closing balance as at 31 August 2024 1,380,000    1,380,000 
Opening balance as at 01 September 2023 1,380,000    1,380,000 


Land and Buildings comprise of the company's investment property.

4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 September 2023 762,303    762,303 
Additions 6,242    6,242 
Transfer to/from tangible fixed assets  
Disposals (109,247)   (109,247)
Revaluations 28,907    28,907 
At 31 August 2024 688,205    688,205 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 37,011    22,597 
Other Debtors (3,600)   (4,710)
33,411    17,887 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 8,164    16,534 
Taxation and Social Security 9,060    3,611 
Other Creditors 165,871    115,749 
183,095    135,894 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax - brought forward 46,196    77,706 
Deferred Tax - movement in period 24,521    (31,510)
70,717    46,196 
Deferred Tax
The movement in deferred tax is attributable to movements in the fair values of investments and property.

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
951 Letter Class shares of £1.00 each 951    951 
951    951 

9.

Special reserves - Fair value reserve

2024
£
  2023
£
Fair value reserves b/fwd 709,005    795,384 
Transfers between reserves 17,968    (86,379)
726,973    709,005 
Changes in fair value reserves
The following transfers have been made in the fair value reserves:

Details of transfers 2024
£
 2023
£
Transfer in / (out): Gains attributable to fair value changes of fixed asset investments36,496 3,985 
Transfer in / out: Deferred tax movements on property fair values(18,528)16,866 
Transfer out: Net realised gains on investment property disposals(107,230)
17,968 (86,379)



10.

Transactions with director


SRS Feature Handcarts Ltd provided management services to the company. Fees of £20,000 (2023: £20,000) were charged in the period with £25,000 (2023: £5,000) outstanding at the period end which is included in current liabilities. C Swinnerton is the director and sole shareholder of that company.  
4