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REGISTERED NUMBER: 00756770 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Saville Street Garage Limited

Saville Street Garage Limited (Registered number: 00756770)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saville Street Garage Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Ms C L Barker
Mr S A Paddock
Mr K B Paddock
Mr D J Paddock
Ms D L Rae





REGISTERED OFFICE: 2 Prestbury Road
Macclesfield
Cheshire
SK10 1AU





REGISTERED NUMBER: 00756770 (England and Wales)





ACCOUNTANTS: SMH BullockWoodburn
Norfolk House
Hardwick Square North
Buxton
SK17 6PU

Saville Street Garage Limited (Registered number: 00756770)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Investment property 4 965,000 870,000

CURRENT ASSETS
Stocks 5 94,359 94,359
Debtors 6 5,107 10,445
Cash at bank and in hand 68,088 74,403
167,554 179,207
CREDITORS
Amounts falling due within one year 7 (4,723 ) (3,604 )
NET CURRENT ASSETS 162,831 175,603
TOTAL ASSETS LESS CURRENT LIABILITIES 1,127,831 1,045,603

PROVISIONS FOR LIABILITIES (74,754 ) (43,537 )
NET ASSETS 1,053,077 1,002,066

CAPITAL AND RESERVES
Called up share capital 8 5,250 5,250
Capital redemption reserve 3,500 3,500
Retained earnings 1,044,327 993,316
SHAREHOLDERS' FUNDS 1,053,077 1,002,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Saville Street Garage Limited (Registered number: 00756770)

Balance Sheet - continued
31 March 2025


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 28 July 2025 and were signed on its behalf by:




Mr D J Paddock - Director



Mr K B Paddock - Director


Saville Street Garage Limited (Registered number: 00756770)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Saville Street Garage Limited 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.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
The turnover shown in the profit and loss account represents rental income receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Saville Street Garage Limited (Registered number: 00756770)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 870,000
Revaluations 95,000
At 31 March 2025 965,000
NET BOOK VALUE
At 31 March 2025 965,000
At 31 March 2024 870,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2010 64,446
Valuation in 2016 850,909
Valuation in 2017 213,000
Valuation in 2018 155,000
Valuation in 2019 (737,346 )
Valuation in 2020 40,000
Valuation in 2021 (180,808 )
Valuation in 2022 210,000
Valuation in 2023 (50,000 )
Valuation in 2025 95,000
Cost 304,799
965,000

Saville Street Garage Limited (Registered number: 00756770)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INVESTMENT PROPERTY - continued

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

2025 2024
£    £   
Cost 304,799 304,799

Investment property was valued on a tenanted basis on 31 March 2025 by the directors .

Following the sale of the shop trade in November 2017, the commercial premises was reclassified as investment property, with the corresponding transfer of the revaluation reserve to the P&L reserve.
Property at Longacre was transferred to trading stock during the same year before commencement of development for resale.

5. STOCKS
2025 2024
£    £   
Stocks 94,359 94,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 217 9,384
Prepayments 4,890 1,061
5,107 10,445

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 1,878 -
Social security and other taxes 832 473
Directors' current accounts 19 19
Accrued expenses 1,994 3,112
4,723 3,604

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
3,500 Ordinary £1 3,500 3,500
940 Ordinary B £1 940 940
20 Ordinary C £1 20 20
790 Ordinary J £1 790 790
5,250 5,250

Saville Street Garage Limited (Registered number: 00756770)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr K B Paddock and Mr S A Paddock
Balance outstanding at start of year (19 ) (259 )
Amounts advanced - 240
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19 ) (19 )