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REGISTERED NUMBER: 05907715 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Sector Developments and Homes Limited

Sector Developments and Homes Limited (Registered number: 05907715)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sector Developments and Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs R J Schultze
L A Proctor





SECRETARY: Mrs C A Proctor





REGISTERED OFFICE: Coles Farm
Coles Lane
Axminster
Devon
EX13 5SB





REGISTERED NUMBER: 05907715 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Sector Developments and Homes Limited (Registered number: 05907715)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 834,103 834,103

CURRENT ASSETS
Cash at bank 8,850 5,082

CREDITORS
Amounts falling due within one year 5 144,997 157,341
NET CURRENT LIABILITIES (136,147 ) (152,259 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,956

681,844

CREDITORS
Amounts falling due after more than one
year

6

406,450

353,916
NET ASSETS 291,506 327,928

CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 8 282,763 282,763
Retained earnings 8,443 44,865
SHAREHOLDERS' FUNDS 291,506 327,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Sector Developments and Homes Limited (Registered number: 05907715)

Balance Sheet - continued
31 August 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:




Mrs R J Schultze - Director



L A Proctor - Director


Sector Developments and Homes Limited (Registered number: 05907715)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sector Developments and Homes 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
No depreciation has been provided in the year as the Directors are of the opinion that the company's freehold property has not suffered any diminution in value during the year.

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 834,103
NET BOOK VALUE
At 31 August 2024 834,103
At 31 August 2023 834,103

Sector Developments and Homes Limited (Registered number: 05907715)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Land and
buildings
£   
Valuation in 2021 328,660
Valuation in 2022 (45,897 )
Valuation in 2024 551,340
834,103

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors - 56
Other creditors 144,997 157,285
144,997 157,341

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 406,450 353,916

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 yrs 406,450 353,916

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 406,450 353,916

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 282,763