REGISTERED NUMBER: 14496378 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SADDINGTON BAYNES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G J Taylor

REGISTERED OFFICE:

Unit 1, 123 Curtain Road

London

EC2A 3BX

REGISTERED NUMBER:

14496378 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Intangible assets

4

19,484

25,979

Tangible assets

5

5,630

53,656

25,114

79,635

CURRENT ASSETS

Debtors

6

389,445

330,834

Cash at bank

10,348

19,764

399,793

350,598

CREDITORS

Amounts falling due within one year

7

15,017

565,240

NET CURRENT ASSETS/(LIABILITIES)

384,776

(214,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

409,890

(135,007

)

CREDITORS

Amounts falling due after more than one year

8

598,131

-

NET LIABILITIES

(188,241

)

(135,007

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(188,341

)

(135,107

)

(188,241

)

(135,007

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 September 2025 and were signed by:

G J Taylor - Director

1.	STATUTORY INFORMATION

Saddington Baynes 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the

company will continue in operational existence for the foreseeable future. At the balance sheet date, the

company had net liabilities of £188,241 and is reliant on the continuing support of the shareholder and director.

The director has reviewed the company's cash flow forecasts for a period of at least 12 months from the

date of approval of these financial statements, which demonstrate that the company is able to meet its

liabilities as they fall due.

Based on this assessment, the director has a reasonable expectation that the company has adequate

resources to continue in operational existence for the foreseeable future. Therefore, the director

continues to adopt the going concern basis of accounting in preparing the annual financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

15,474

17,000

32,474

AMORTISATION

At 1 January 2024

3,095

3,400

6,495

Amortisation for year

3,095

3,400

6,495

At 31 December 2024

6,190

6,800

12,990

NET BOOK VALUE

At 31 December 2024

9,284

10,200

19,484

At 31 December 2023

12,379

13,600

25,979

5.	TANGIBLE FIXED ASSETS

Office

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

807

50,005

8,883

59,695

Disposals

-

(50,005

)

-

(50,005

)

At 31 December 2024

807

-

8,883

9,690

DEPRECIATION

At 1 January 2024

90

5,209

740

6,039

Charge for year

269

8,399

2,961

11,629

Eliminated on disposal

-

(13,608

)

-

(13,608

)

At 31 December 2024

359

-

3,701

4,060

NET BOOK VALUE

At 31 December 2024

448

-

5,182

5,630

At 31 December 2023

717

44,796

8,143

53,656

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

-

28,314

VAT

47,843

41,988

Prepayments

942

2,304

48,785

72,606

Amounts falling due after more than one year:

Amounts owed by related

parties

340,660

258,228

340,660

258,228

Aggregate amounts

389,445

330,834

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,759

45,120

Other creditors

-

516,370

Accrued expenses

7,258

3,750

15,017

565,240

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to related

parties

282,448

-

Amounts owed to director

315,683

-

598,131

-

9.	RELATED PARTY DISCLOSURES

Included within expenses is an amount of £9,915 which relates to costs paid to a company connected by way of common control.

Included within amounts owed by related parties are amounts totalling £340,660 which relates to loans due from companies connected by way of common control. The loans are unsecured and are repayable on demand.

Included within amounts owed to related parties are amounts totalling £282,448 which relates to loans due to companies connected by way of common control. The loans are unsecured and are repayable on demand.

Loans with related parties are netted off during the year, with interest being charged at commercial rates between entities. During the year, interest of £3,181 was charged to the profit and loss account in relation to loans between companies connected by way of common control.

Included within other creditors is an amount totalling £315,683 which relates to a loan due to the director.

The loan is unsecured, interest bearing at commercial rates and repayable on demand. During the year,

interest of £3,258 was charged to the profit and loss account.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G J Taylor.