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REGISTERED NUMBER: 01076890 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Sedona Design and Development Ltd

Sedona Design and Development Ltd (Registered number: 01076890)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Sedona Design and Development Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A G Walker
J Walker





SECRETARY: J Walker





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 01076890 (England and Wales)





ACCOUNTANTS: Ward Goodman
Chartered Accountants
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Sedona Design and Development Ltd (Registered number: 01076890)

Abridged Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 120,011 30,500
Investment property 5 535,000 341,434
655,011 371,934

CURRENT ASSETS
Debtors 900 7,696
Prepayments and accrued income 346 856
Cash at bank 150,495 362,345
151,741 370,897
CREDITORS
Amounts falling due within one year 127,640 11,622
NET CURRENT ASSETS 24,101 359,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

679,112

731,209

PROVISIONS FOR LIABILITIES (14,018 ) (3,320 )

ACCRUALS AND DEFERRED INCOME (16,341 ) (10,779 )
NET ASSETS 648,753 717,110

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 36,532 53,653
Retained earnings 612,121 663,357
SHAREHOLDERS' FUNDS 648,753 717,110

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

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

Sedona Design and Development Ltd (Registered number: 01076890)

Abridged Statement of Financial Position - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 June 2025 and were signed on its behalf by:





A G Walker - Director


Sedona Design and Development Ltd (Registered number: 01076890)

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

1. STATUTORY INFORMATION

Sedona Design and Development 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation
Improvements to property - Straight line over 6 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Freehold property in the accounts comprises of land only and therefore is not depreciated.

Improvements to property were depreciated over six year period on a straight line basis from the commencement of the tenant lease. Some improvements were not expected to be material so as to affect the fair value of the properties, rather enabling them to be suitable for rental purposes. The director therefore considered it appropriate that the useful life of the improvements be restricted to the six year initial lease on the properties.

Upon formal valuation of the properties at the financial year end, amounts included within improvements to property where properties had not increased in value were written off to the profit and loss account as impairments. Where formal valuations showed an increase, the improvements to property amounts were considered as part of the valuation increase and consolidated with amounts held in investment property.

Investment property
Investment property is held at fair value. Changes in fair value are recognised through the profit and loss account and credited to non-distributable reserves. Unrealised gains are not subject to corporation tax but deferred tax is recognised through non-distributable reserves.

Reductions in property valuations are first rewound against revaluations already recognised within non-distributable reserves before recognising any losses to the profit and loss account.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Sedona Design and Development Ltd (Registered number: 01076890)

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

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 November 2023 52,834
Additions 112,910
Revaluations (10,056 )
Impairments (5,526 )
At 31 October 2024 150,162
DEPRECIATION
At 1 November 2023 22,334
Charge for year 7,817
At 31 October 2024 30,151
NET BOOK VALUE
At 31 October 2024 120,011
At 31 October 2023 30,500

Included in cost or valuation of land and buildings is freehold land of £ 112,160 (2023 - £ 0 ) which is not depreciated.

Sedona Design and Development Ltd (Registered number: 01076890)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2024 is represented by:

Totals
£   
Valuation in 2024 (15,582 )
Cost 165,744
150,162

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 341,434
Additions 189,801
Revaluations 3,765
At 31 October 2024 535,000
NET BOOK VALUE
At 31 October 2024 535,000
At 31 October 2023 341,434

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 55,000
Valuation in 2024 3,765
Cost 476,235
535,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 531,235 286,434

Investment property was valued on an open market basis on 8 October 2024 by WattsHolt Commercial Agents and Surveyors .

The director assessed the valuation of the investment property on 8th October 2024 with the assistance of qualified professionals in the local commercial property market and an official report from WattsHolt Commercial Agents and Surveyors concluded that the open market valuation be revised up to £535,000. Values previously held within improvements to property have been considered within this revaluation.

Sedona Design and Development Ltd (Registered number: 01076890)

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

6. OTHER FINANCIAL COMMITMENTS

There were no financial commitments, contingencies or guarantees made on behalf of the directors at the financial year end.

7. OFF-BALANCE SHEET ARRANGEMENTS

There were no off-balance sheet arrangements at the financial year end.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
A G Walker
Balance outstanding at start of year - -
Amounts advanced 11,723 -
Amounts repaid (11,723 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

There were no overdrawn balances with directors at the financial year end (2023 - £Nil).

Interest was charged to the company on the credit balance of the loan at a rate of 4% per annum above the Bank of England base rate to 31 October 2024. This totalled £22 (2023 - £930) in the financial year. The interest is shown in the profit and loss account and held in accruals on the balance sheet. The loan is unsecured and repayable on demand.

9. POST BALANCE SHEET EVENTS

There were no post balance sheet events.

10. ULTIMATE CONTROLLING PARTY

On 22nd October 2024, the directors and shareholders, Mr A G Walker and Mrs J Walker each agreed to transfer all of their beneficial interest of the company's share capital to themselves to hold as trustees of "The Anthony and June Discretionary Settlement 2024". As such, they remain as Persons of Significant Control of the company, as reported at Companies House.