Registered number
10309502
Saxon House Freehold Limited
(A company limited by guarantee, without a share capital)
Report and Accounts
31 December 2024
Saxon House Freehold Limited
Company Information
Directors
Petar Momcilovic
Osbert Morain
Jamie Notley
David Redmond
Elena Turcu
Secretary
Roger Harris
Accountants
N J Ruse and Associates
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
Managing Agents
Harris Property Management
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Registered Office
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Registered Number
10309502
Saxon House Freehold Limited
Registered number: 10309502
Directors' Report
The directors present their report and accounts for the year ended 31 December 2024.
Principal Activity
The company's principal activity during the year continued to be the management of the property at Saxon House, Lewis Road, Sutton on a non-profit basis.
Directors
The following persons served as directors during the year:
Petar Momcilovic
Osbert Morain
Jamie Notley
David Redmond
Elena Turcu
Small Company Provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 16 May 2025 and signed by its order.
____________________
Roger Harris
Secretary
Saxon House Freehold Limited
Report to the directors on the preparation of the unaudited statutory accounts of Saxon House Freehold Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Saxon House Freehold Limited for the year ended 31 December 2024 which comprise of the Income and Expenditure Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
N J Ruse and Associates
Chartered Certified Accountants
Eagle House, Cranleigh Close
Sanderstead
South Croydon
CR2 9LH
19 May 2025
Saxon House Freehold Limited
(A company limited by guarantee, without a share capital)
Income and Expenditure Account
for the year ended 31 December 2024
2024 2023
£ £
Income 9,900 11,100
Administrative Expenses (10,608) (9,950)
Operating (Deficit)/surplus (708) 1,150
Interest Received 25 12
(Deficit)/surplus Before Tax (683) 1,162
Tax on (Deficit)/surplus - -
(Deficit)/surplus for the Financial Year (683) 1,162
Saxon House Freehold Limited
(A company limited by guarantee, without a share capital)
Registered number: 10309502
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current Assets
Debtors 3 1,686 1,643
Bank and Cash 188 893
1,874 2,536
Creditors: Due Within One Year 4 (454) (433)
Net Current Assets 1,420 2,103
Net Assets 1,420 2,103
Capital and Reserves
General Reserve 5 1,420 2,103
Members' Funds 1,420 2,103
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
_____________________
Osbert Morain
Director
Approved by the board on 16 May 2025
Saxon House Freehold Limited
Statement of Changes in Equity
for the year ended 31 December 2024
General Income & Total
Reserve Expend
Account
£ £ £
At 1 January 2023 941 - 941
Profit for the Financial Year 1,162 1,162
Transfer from General Reserve 1,162 (1,162) -
At 31 December 2023 2,103 - 2,103
At 1 January 2024 2,103 - 2,103
Loss for the Financial Year (683) (683)
Transfer to the General Reserve (683) 683 -
At 31 December 2024 1,420 - 1,420
Saxon House Freehold Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting Policies
Basis of Preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
Income includes service charges and other amounts raised from the residents of Saxon House, 17 Lewis Road, Sutton.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other Debtors 1,686 1,643
4 Creditors: Due Within One Year 2024 2023
£ £
Other Creditors 454 433
5 General Reserve 2024 2023
£ £
At 1 January 2024 2,103 941
Surplus/(Deficit) (to)/from Income & Expenditure Account (683) 1,162
At 31 December 2024 1,420 2,103
6 Other Information
Saxon House Freehold Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Clyde Road
Wallington
Surrey
SM6 8PZ
Saxon House Freehold Limited
Income and Expenditure Account
for the year ended 31 December 2024
This schedule does not form part of the statutory accounts
2024 2023
Income £ £
Service Charges 9,900 8,700
Supplementary Demand - 2,400
9,900 11,100
Expenditure
Repairs and Maintenance
General Repairs 1,964 1,017
Cleaning & Rubbish Removal 1,092 854
Emergency Lights Testing 360 502
3,416 2,373
Utilities and Insurance
Electricity 326 172
Buildings Insurance 2,390 2,120
Other Insurance 161 -
2,877 2,292
Legal and Professional Fees
Management Fees 1,500 1,500
Service Charges 2,340 3,233
Accountancy fees 420 420
Other Legal & Professional 55 132
4,315 5,285
Total Admin Expenditure 10,608 9,950
Add: Interest Received 25 12
(Deficit)/Surplus Before Tax (683) 1,162
Less: Tax Provision - -
Net Surplus/(Deficit) for the Year (683) 1,162
Saxon House Freehold Limited 10309502 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 10309502 2023-01-01 2023-12-31 10309502 core:OtherReservesSubtotal core:LandBuildings 2023-01-01 2023-12-31 10309502 core:LandBuildings 2023-01-01 2023-12-31 10309502 core:RevaluationReserve core:LandBuildings 2023-01-01 2023-12-31 10309502 core:WithinOneYear 2023-12-31 10309502 core:OtherReservesSubtotal 2023-12-31 10309502 2022-12-31 10309502 core:OtherReservesSubtotal 2022-12-31 10309502 core:RetainedEarningsAccumulatedLosses 2022-12-31 10309502 core:RevaluationReserve 2022-12-31 10309502 2024-01-01 2024-12-31 10309502 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10309502 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10309502 bus:Director1 2024-01-01 2024-12-31 10309502 bus:Director2 2024-01-01 2024-12-31 10309502 bus:Director3 2024-01-01 2024-12-31 10309502 bus:Director4 2024-01-01 2024-12-31 10309502 bus:Director5 2024-01-01 2024-12-31 10309502 bus:CompanySecretary1 2024-01-01 2024-12-31 10309502 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10309502 core:OtherReservesSubtotal core:LandBuildings 2024-01-01 2024-12-31 10309502 core:LandBuildings 2024-01-01 2024-12-31 10309502 1 2024-01-01 2024-12-31 10309502 2 2024-01-01 2024-12-31 10309502 core:RevaluationReserve core:LandBuildings 2024-01-01 2024-12-31 10309502 countries:England 2024-01-01 2024-12-31 10309502 bus:FRS102 2024-01-01 2024-12-31 10309502 bus:FullAccounts 2024-01-01 2024-12-31 10309502 2024-12-31 10309502 core:WithinOneYear 2024-12-31 10309502 core:OtherReservesSubtotal 2024-12-31 10309502 core:RetainedEarningsAccumulatedLosses 2024-12-31 10309502 core:RevaluationReserve 2024-12-31 10309502 2023-12-31 10309502 core:RetainedEarningsAccumulatedLosses 2023-12-31 10309502 core:RevaluationReserve 2023-12-31 iso4217:GBP xbrli:pure