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REGISTERED NUMBER: 09112952 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SAFFRON WEAVER LIMITED

SAFFRON WEAVER LIMITED (REGISTERED NUMBER: 09112952)






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


SAFFRON WEAVER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: E C Hunter Smart
C Olsen





REGISTERED OFFICE: 19 Newman Lane
Alton
Hampshire
GU34 2QW





REGISTERED NUMBER: 09112952 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

SAFFRON WEAVER LIMITED (REGISTERED NUMBER: 09112952)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 54,444 66,111
Investments 5 - 2,236,705
Investment property 6 4,465,407 6,739,012
4,519,851 9,041,828

CURRENT ASSETS
Debtors 7 3,466,301 4,618,297
Cash at bank 30,119 91,789
3,496,420 4,710,086
CREDITORS
Amounts falling due within one year 8 4,627,623 4,391,716
NET CURRENT (LIABILITIES)/ASSETS (1,131,203 ) 318,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,388,648

9,360,198

CREDITORS
Amounts falling due after more than one
year

9

-

(2,053,800

)

PROVISIONS FOR LIABILITIES (13,611 ) -
NET ASSETS 3,375,037 7,306,398

SAFFRON WEAVER LIMITED (REGISTERED NUMBER: 09112952)

BALANCE SHEET - continued
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,374,937 7,306,298
SHAREHOLDERS' FUNDS 3,375,037 7,306,398

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.

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 and authorised for issue by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:




C Olsen - Director



E C Hunter Smart - Director


SAFFRON WEAVER LIMITED (REGISTERED NUMBER: 09112952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Saffron Weaver Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address is 19 Newman Lane, Alton, Hampshire, GU34 2QW.

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.

Preparation of consolidated financial statements
The financial statements contain information about Saffron Weaver Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost

All fixed assets are initially recorded 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


SAFFRON WEAVER LIMITED (REGISTERED NUMBER: 09112952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 September 2023
and 31 August 2024 70,000
DEPRECIATION
At 1 September 2023 3,889
Charge for year 11,667
At 31 August 2024 15,556
NET BOOK VALUE
At 31 August 2024 54,444
At 31 August 2023 66,111

SAFFRON WEAVER LIMITED (REGISTERED NUMBER: 09112952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 2,236,705
Disposals (2,236,705 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 2,236,705

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 6,739,673
Revaluations (2,265,670 )
At 31 August 2024 4,474,003
DEPRECIATION
At 1 September 2023 661
Charge for year 7,935
At 31 August 2024 8,596
NET BOOK VALUE
At 31 August 2024 4,465,407
At 31 August 2023 6,739,012

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 4,474,003
Valuation in 2023 2,265,670
Valuation in 2024 (2,265,670 )
4,474,003

SAFFRON WEAVER LIMITED (REGISTERED NUMBER: 09112952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 184,159 -
Amounts owed by group undertakings 3,280,351 4,594,606
Other debtors 1,791 23,691
3,466,301 4,618,297

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 195,600
Amounts owed to group undertakings 4,447,963 4,130,520
Taxation and social security 131,203 -
Other creditors 48,457 65,596
4,627,623 4,391,716

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2,053,800