SVM Estates Limited - Filleted accounts

Registered number

10631068

SVM Estates Limited

Filleted Accounts

31 March 2025

SVM Estates Limited
Registered number:		10631068
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Investments	3		1,250,000			1,250,000

Current assets
Debtors	4	7,137			7,000
Cash at bank and in hand		4,557			8,548
		11,694			15,548

Creditors: amounts falling due within one year	5	(702,128)			(698,503)

Net current liabilities			(690,434)			(682,955)

Total assets less current liabilities			559,566			567,045

Creditors: amounts falling due after more than one year	6		(125,595)			(187,163)



Net assets			433,971			379,882

Capital and reserves
Called up share capital			100			100
Profit and loss account			433,871			379,782

Shareholders' funds			433,971			379,882

The director is 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 director acknowledges his 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.




Mr S Musa
Director
Approved by the board on 23 April 2025

SVM Estates Limited
Notes to the Accounts
for the year ended 31 March 2025


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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Investments

investment
property
£
	Fair value
	At 1 April 2024				1,250,000

	At 31 March 2025				1,250,000

	Historical cost
	At 1 April 2024				1,217,454
	At 31 March 2025				1,217,454

	Investments include freehold property which have been stated at fair value, the director has undertaken his own fair value appraisal and a fair value adjustment has been made in the accounts accordingly.


4	Debtors		2025		2024
£				£

	Prepayments		137		-
	Other debtors		7,000		7,000
			7,137		7,000


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		22,070		23,863
	Taxation and social security costs		19,498		14,140
	Accruals		660		600
	Directors loan account		325,950		325,950
	Other creditors		333,950		333,950
			702,128		698,503


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		125,595		187,163


7	Loans		2025		2024
£				£
	Creditors include:
	Instalments falling due for payment after more than five years		43,994		93,376


	Secured bank loans		141,844		200,193

	Lloyds Bank Plc hold a fixed and floating charge over the companys assets dated 14 March 2017. Lloyds Bank Plc hold a fixed and floating charge over freehold property owned by the company dated 24 March 2017.


8	Related party transactions

	The company previously received a loan from Nineteenth Limited, a company that owns 50% of the share capital of SVM Estates Limited. The loan is interest free and although is repayable upon demand, the director currently has no intention of recalling it, the amount owing as at the balance sheet date was £326,950 (2024: £326,950)


9	Controlling party

	The director considers there to be no overall controlling party.


10	Other information

	SVM Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	252 Garstang Road
	Preston
	PR2 9QB