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Company Registration No. 03265728 (England and Wales)
Sylvan Developments (South West) Limited Unaudited accounts for the year ended 31 May 2025
Sylvan Developments (South West) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sylvan Developments (South West) Limited Company Information for the year ended 31 May 2025
Directors
R F Coates D M Coates M F Coates
Secretary
M F Coates
Company Number
03265728 (England and Wales)
Registered Office
Sylvan Court The Old Barn Venny Tedburn Crediton Devon EX17 3QB England
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Sylvan Developments (South West) Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,759
2,157
Investments
5
177,653
149,171
179,412
151,328
Current assets
Debtors
6
5,607
10,891
Cash at bank and in hand
70,055
143,239
75,662
154,130
Creditors: amounts falling due within one year
7
(132,387)
(146,746)
Net current (liabilities)/assets
(56,725)
7,384
Total assets less current liabilities
122,687
158,712
Provisions for liabilities
Other provisions
(338)
(338)
Net assets
122,349
158,374
Capital and reserves
Called up share capital
1,000
1,000
Share premium
4,000
4,000
Profit and loss account
117,349
153,374
Shareholders' funds
122,349
158,374
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2026 and were signed on its behalf by
R F Coates Director Company Registration No. 03265728
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Sylvan Developments (South West) Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Sylvan Developments (South West) Limited is a private company, limited by shares, registered in England and Wales, registration number 03265728. The registered office is Sylvan Court, The Old Barn, Venny Tedburn, Crediton, Devon, EX17 3QB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% - Reducing balance basis
Plant & machinery
20% - Reducing balance basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
16,642
11,792
28,434
At 31 May 2025
16,642
11,792
28,434
Depreciation
At 1 June 2024
15,987
10,290
26,277
Charge for the year
98
300
398
At 31 May 2025
16,085
10,590
26,675
Net book value
At 31 May 2025
557
1,202
1,759
At 31 May 2024
655
1,502
2,157
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Sylvan Developments (South West) Limited Notes to the Accounts for the year ended 31 May 2025
5
Investments
Other investments
£
Valuation at 1 June 2024
149,171
Additions
5,151
Fair value adjustments
23,331
Valuation at 31 May 2025
177,653
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
520
-
Other debtors
5,087
10,891
5,607
10,891
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,136
4,290
Amounts owed to group undertakings and other participating interests
3,806
3,806
Taxes and social security
194
27,221
Loans from directors
123,851
111,429
Accruals
2,400
-
132,387
146,746
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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