Satchwake Limited

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

Registered number: 04633568

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		755,000		742,000

			755,000		742,000
CURRENT ASSETS
Cash at bank and in hand		2,292		4,184

		2,292		4,184
Creditors: Amounts Falling Due Within One Year	5	(57,736 )		(78,524 )

NET CURRENT ASSETS (LIABILITIES)			(55,444 )		(74,340 )

TOTAL ASSETS LESS CURRENT LIABILITIES			699,556		667,660

PROVISIONS FOR LIABILITIES
Deferred Taxation			(78,292 )		(75,822 )

NET ASSETS			621,264		591,838

CAPITAL AND RESERVES
Called up share capital	6		100		100
Fair value reserve	7		370,070		359,540
Profit and Loss Account			251,094		232,198

SHAREHOLDERS' FUNDS			621,264		591,838

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Satchwake Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 John Dakin

Director

05/12/2025

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

1. General Information

Satchwake Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04633568 . The registered office is 3 Springhead Road, Rothwell, Leeds, West Yorkshire, LS26 0EX.

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. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Investment Properties

All investment properties are initially measured at cost and subsequently carried at fair value. The fair value is determined annually and derived from the current market prices from online property listing websites and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Depreciation is not charged on investment properties. Changes in fair value are recognised in the profit and loss account.

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS102 to all of its financial instruments and financial liabilities.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including other creditors and accruals, are initially measured at transaction price unless the arrangment constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Satchwake Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	742,000
Fair value adjustments	13,000

As at 31 March 2025	755,000

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	53,304	72,303
Taxation and social security	4,432	6,221

	57,736	78,524

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 April 2024	359,540	232,198
Profit for the year and total comprehensive income	-	29,426

Transfer to/from Fair value reserve	-	(10,530)
Transfer to/from Profit & Loss Account	10,530	-

As at 31 March 2025	370,070	251,094

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