Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31truefalsetrue2No description of principal activityfalse2024-02-012 14586585 2024-02-01 2025-01-31 14586585 2023-01-11 2024-01-31 14586585 2025-01-31 14586585 2024-01-31 14586585 c:Director1 2024-02-01 2025-01-31 14586585 d:CurrentFinancialInstruments 2025-01-31 14586585 d:CurrentFinancialInstruments 2024-01-31 14586585 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 14586585 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14586585 d:ShareCapital 2025-01-31 14586585 d:ShareCapital 2024-01-31 14586585 d:RetainedEarningsAccumulatedLosses 2025-01-31 14586585 d:RetainedEarningsAccumulatedLosses 2024-01-31 14586585 c:OrdinaryShareClass1 2024-02-01 2025-01-31 14586585 c:OrdinaryShareClass1 2025-01-31 14586585 c:OrdinaryShareClass2 2024-02-01 2025-01-31 14586585 c:OrdinaryShareClass2 2025-01-31 14586585 c:FRS102 2024-02-01 2025-01-31 14586585 c:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 14586585 c:FullAccounts 2024-02-01 2025-01-31 14586585 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 14586585 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-02-01 2025-01-31 14586585 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14586585










SAXLINGHAM ROAD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2025

 
SAXLINGHAM ROAD LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 7


 
SAXLINGHAM ROAD LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SAXLINGHAM ROAD LIMITED
FOR THE YEAR ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saxlingham Road Limited for the year ended 31 January 2025 which comprise  the Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Saxlingham Road Limited in accordance with the terms of our engagement letter dated 20 January 2023Our work has been undertaken solely to prepare for your approval the financial statements of Saxlingham Road Limited and state those matters that we have agreed to state to the director of Saxlingham Road Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saxlingham Road Limited and its director for our work or for this report. 

It is your duty to ensure that Saxlingham Road Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Saxlingham Road Limited. You consider that Saxlingham Road Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Saxlingham Road Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
Norwich
Norfolk
NR1 4DJ
12 August 2025
Page 1

 
SAXLINGHAM ROAD LIMITED
REGISTERED NUMBER: 14586585

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

  

Current assets
  

Stocks
  
1,507,946
777,386

Debtors: amounts falling due within one year
 3 
-
8,288

Cash at bank and in hand
  
10
33,768

  
1,507,956
819,442

Creditors: amounts falling due within one year
 4 
(1,522,151)
(825,271)

Net current liabilities
  
 
 
(14,195)
 
 
(5,829)

Total assets less current liabilities
  
(14,195)
(5,829)

  

Net liabilities
  
(14,195)
(5,829)


Capital and reserves
  

Called up share capital 
 5 
100
100

Profit and loss account
  
(14,295)
(5,929)

  
(14,195)
(5,829)


Page 2

 
SAXLINGHAM ROAD LIMITED
REGISTERED NUMBER: 14586585
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

For the year ended 31 January 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2025.




N P Garioch
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
SAXLINGHAM ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Saxlingham Road Limited is a private limited company incorporated in England and Wales. Its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The Company's principal activity is property development. Its activites are undertaken in Norwich.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, as the director considers that the Company, with his ongoing support, has sufficient working capital to continue trading for a period of at least twelve months from the date of the approval of the financial statements.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Stocks

Stocks comprise property in development and is stated at the lower of cost and net realisable value. Cost includes all direct costs, including borrowing costs. Net realisable value represents the estimated selling price less any further costs expected to be incurred to completion and disposal.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments


The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 4

 
SAXLINGHAM ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate
Page 5

 
SAXLINGHAM ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.7
Financial instruments (continued)

method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.



Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Debtors

2025
2024
£
£


Other debtors
-
8,288

-
8,288


Page 6

 
SAXLINGHAM ROAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
1,274,394
608,429

Trade creditors
-
1,598

Other creditors
245,387
213,344

Accruals and deferred income
2,370
1,900

1,522,151
825,271


The bank loan is secured against the freehold property owned by the Company via fixed and floating charges.


5.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



50 'A' ordinary shares of £1.00 each
50
50
50 'B' ordinary shares of £1.00 each
50
50

100

100



6.


Related party transactions

As at 31 January 2025, the Company owed the director £35,763 (2024 - £213,344), and this is shown within other creditors in note 5 to the financial statements. The loan is interest free, and repayable on demand when Company funds permit.
At 31 January 2025 the Company also owed a former director 
£209,624, and this is also shown within other creditors in note 5 to the financial statements. The loan is interest free, and repayable on demand when Company funds permit.

 
Page 7