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REGISTERED NUMBER: 12805661 (England and Wales)















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: C Pennycook
Mrs L T Pennycook





REGISTERED OFFICE: 61 Queen Square
Bristol
BS1 4JZ





REGISTERED NUMBER: 12805661 (England and Wales)





ACCOUNTANTS: Burnside
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 71,692 53,790
Investments 5 100 100
71,792 53,890

CURRENT ASSETS
Stocks 6 491,744 417,222
Debtors 7 63,149 4,726
Cash at bank 156,034 214,153
710,927 636,101
CREDITORS
Amounts falling due within one year 8 653,421 584,102
NET CURRENT ASSETS 57,506 51,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,298

105,889

CREDITORS
Amounts falling due after more than
one year

9

(56,460

)

(41,364

)

PROVISIONS FOR LIABILITIES 11 (6,089 ) -
NET ASSETS 66,749 64,525

SERVII HOMES LTD (REGISTERED NUMBER: 12805661)

BALANCE SHEET - continued
31 AUGUST 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 66,748 64,524
SHAREHOLDERS' FUNDS 66,749 64,525

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 by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





C Pennycook - Director


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 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.

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
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 - 25% on cost
Motor vehicles - 25% on cost

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 2 (2023 - 2 ) .

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 17,939 74,230 92,169
Additions 3,657 45,924 49,581
Disposals - (25,400 ) (25,400 )
At 31 August 2024 21,596 94,754 116,350
DEPRECIATION
At 1 September 2023 8,344 30,035 38,379
Charge for year 4,959 19,841 24,800
Eliminated on disposal - (18,521 ) (18,521 )
At 31 August 2024 13,303 31,355 44,658
NET BOOK VALUE
At 31 August 2024 8,293 63,399 71,692
At 31 August 2023 9,595 44,195 53,790

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 74,230
Additions 45,924
Disposals (25,400 )
At 31 August 2024 94,754
DEPRECIATION
At 1 September 2023 30,035
Charge for year 19,841
Eliminated on disposal (18,521 )
At 31 August 2024 31,355
NET BOOK VALUE
At 31 August 2024 63,399
At 31 August 2023 44,195

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 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

South Littleton Homes Limited
Registered office: 61 Queen Square, Bristol, BS1 4JZ
Nature of business: Construction of domestic buildings
%
Class of shares: holding
Ordinary £1 shares 100.00

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 491,744 417,222

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 186
Other debtors 372 375
Deferred tax asset
Accelerated capital allowances - 250
Prepayments and accrued income 62,777 3,915
63,149 4,726

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 8,394 6,659
Amounts owed to group undertakings 100 100
Corporation tax 10,569 21,433
Social security and other taxes 3,540 -
VAT 8,320 2,710
Other creditors 520,000 520,000
Accruals and deferred income 102,498 33,200
653,421 584,102

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 56,460 41,364

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 6,089

Deferred
tax
£   
Balance at 1 September 2023 (250 )
Provided during year 6,339
Balance at 31 August 2024 6,089

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.