| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| SERVII HOMES LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| SERVII HOMES LTD |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| 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 |
| SERVII HOMES LTD |
| COMPANY INFORMATION |
| for the Year Ended 31 AUGUST 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 61 Queen Square |
| Bristol |
| BS1 4JZ |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| BALANCE SHEET |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) |
| NET ASSETS |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| BALANCE SHEET - continued |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2024 |
| 1. | STATUTORY INFORMATION |
| Servii Homes Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Servii Homes Ltd 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. |
| Turnover |
| Turnover represents the sale of residential development properties. Profit is recognised on legal completion. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Work in progress and development land are reviewed on a site by site basis and stated at the lower of cost and net realisable value. |
| 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. |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| 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. |
| 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. |
| Going concern |
| The directors have considered the company's ability to continue as a going concern for at least 12 months from the date of signing the financial statements and have concluded that they consider the company a going concern. The directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| Fixed assets, included in the above, which are held under finance leases are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 September 2023 |
| Additions |
| Disposals | ( |
) |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: 61 Queen Square, Bristol, BS1 4JZ |
| Nature of business: |
| % |
| Class of shares: | holding |
| South Littleton Homes Limited was incorporated on 26 May 2022, and has remained dormant until the balance sheet date. |
| 6. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Work-in-progress |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Deferred tax asset |
| Accelerated capital allowances |
| Prepayments and accrued income |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Finance leases |
| Amounts owed to group undertakings |
| Corporation tax |
| Social security and other taxes |
| VAT | 8,320 | 2,710 |
| Other creditors |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Finance leases |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Finance leases | 64,854 | 48,023 |
| The HP and finance lease creditors are secured on the respective fixed assets of the company to which the agreements relate. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2024 |
| £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 September 2023 | ( |
) |
| Provided during year |
| Balance at 31 August 2024 |
| SERVII HOMES LTD (REGISTERED NUMBER: 12805661) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2024 |
| 12. | CALLED UP SHARE CAPITAL |
| The company's issued share capital consists of 34 A ordinary shares of 1p each, 15 B ordinary shares of 1p each, and 51 C ordinary shares of 1p each, being £1.00 in aggregate. |
| All these shares are fully paid up. |
| All classes of shares are identical and rank pari passu except for the payment of dividends. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company considers Mr C Pennycook to be the ultimate controlling party. |