Sevant Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13537819

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		94		209
Investment Properties	5		175,605		175,605

			175,699		175,814
CURRENT ASSETS
Debtors	6	795		-
Cash at bank and in hand		331		51

		1,126		51
Creditors: Amounts Falling Due Within One Year	7	(74,578 )		(64,104 )

NET CURRENT ASSETS (LIABILITIES)			(73,452 )		(64,053 )

TOTAL ASSETS LESS CURRENT LIABILITIES			102,247		111,761

Creditors: Amounts Falling Due After More Than One Year	8		(111,261 )		(111,261 )

NET (LIABILITIES)/ASSETS			(9,014 )		500

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	11		22,950		22,950
Profit and Loss Account			(32,064 )		(22,550 )

SHAREHOLDERS' FUNDS			(9,014)		500

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Sevant Properties Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip Walsh

Director

29/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Sevant Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13537819 . The registered office is My Trusted Accountant Limited Unit 6 Balfour Court, Leyland, Preston, PR25 2TF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the balance sheet date, the company's net liabilities exceeded its net assets.

The company has received assurance from the director that they will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.

Should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

On the above basis, the director considers it appropriate to prepare the accounts on a going concern basis.

The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% Straight Line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	458

As at 31 December 2024	458

Depreciation
As at 1 January 2024	249
Provided during the period	115

As at 31 December 2024	364

Net Book Value
As at 31 December 2024	94

As at 1 January 2024	209

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Sevant Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	175,605

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	795	-

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	74,578	64,104

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	111,261	111,261

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

The freehold property is secured by a registered charge.

	2024		2023
	£		£
Bank loans and overdrafts	111,261		111,261

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	22,950

As at 31 December 2024	22,950

12. Ultimate Controlling Party

The company's ultimate controlling party is Mr P Walsh by virtue of his ownership of 100% of the issued share capital in the company.

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