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Company No: 10638248 (England and Wales)

# SAR MANAGEMENT CONSULTANCY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

SAR MANAGEMENT CONSULTANCY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

SAR MANAGEMENT CONSULTANCY LIMITED

## BALANCE SHEET

As at 31 August 2025
SAR MANAGEMENT CONSULTANCY LIMITED

## BALANCE SHEET (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 14,195 |  | 16,712
|  | 14,195 |  | 16,712
Current assets |  |  |  |
Stocks | 4 | 123,650 |  | 632,075
Debtors | 5, 8 | 24,884 |  | 70,839
Cash at bank and in hand |  | 7,280 |  | 5,777
|  | 155,814 |  | 708,691
Creditors: amounts falling due within one year | 6 | ( 334,102) |  | ( 545,008)
Net current (liabilities)/assets |  | (178,288) |  | 163,683
Total assets less current liabilities |  | (164,093) |  | 180,395
Creditors: amounts falling due after more than one year | 7 | ( 20,757) |  | ( 26,997)
Net (liabilities)/assets |  | ( 184,850) |  | 153,398
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | ( 184,851 ) |  | 153,397
Total shareholder's (deficit)/funds |  | ( 184,850) |  | 153,398

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of SAR Management Consultancy Limited (registered number: 10638248) were approved and authorised for issue by the Director on 04 April 2026. They were signed on its behalf by:

S A Reynolds Director |

SAR MANAGEMENT CONSULTANCY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
SAR MANAGEMENT CONSULTANCY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

SAR Management Consultancy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom. The principal place of business is Brockham House, Mill Road, Barton St David, Somerset, TA11 6DF.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £184,850. The Company is supported through loans from the Parent Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Deposits and revenue received in advance of the period to which they relate are held within other creditors on the balance sheet.

##### Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.
Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.
When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 20 % reducing balance
Vehicles | 25 % reducing balance
Office equipment | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Stocks

Work in progress is valued at lower of cost and net realisable value, after due regard for obsolete and slow moving work in progress. Net realisable value is based on selling price less anticipated costs to completion selling costs. Cost includes all direct costs.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 September 2024 | 19,267 |  | 15,274 |  | 7,659 |  | 42,200
Additions | 0 |  | 0 |  | 1,892 |  | 1,892
Disposals | 0 |  | 0 |  | ( 1,487) |  | ( 1,487)
At 31 August 2025 | 19,267 |  | 15,274 |  | 8,064 |  | 42,605
Accumulated depreciation |  |  |  |  |  |  |
At 01 September 2024 | 8,179 |  | 13,151 |  | 4,158 |  | 25,488
Charge for the financial year | 2,218 |  | 531 |  | 766 |  | 3,515
Disposals | 0 |  | 0 |  | ( 593) |  | ( 593)
At 31 August 2025 | 10,397 |  | 13,682 |  | 4,331 |  | 28,410
Net book value |  |  |  |  |  |  |
At 31 August 2025 | 8,870 |  | 1,592 |  | 3,733 |  | 14,195
At 31 August 2024 | 11,088 |  | 2,123 |  | 3,501 |  | 16,712

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 123,650 |  | 632,075

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 13,318 |  | 56,550
Amounts owed by Group undertakings | 5,692 |  | 12,864
VAT recoverable | 5,874 |  | 1,425
| 24,884 |  | 70,839

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 5,632 |  | 4,947
Trade creditors | 43,211 |  | 72,262
Amounts owed to Group undertakings | 189,944 |  | 427,745
Amounts owed to director | 81,302 |  | 22,376
Accruals | 12,918 |  | 17,678
Other creditors | 1,095 |  | 0
| 334,102 |  | 545,008

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 20,757 |  | 26,997

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 6,488

#### 8. Material event - Bad debt provision

During the financial year, the company has provided for a potential bad debt against an amount owed by Brockham Property Limited, a company within the same trading group. The provision has been reserved as it is believed that Brockham Property Limited will be unable to meet its financial obligations and is unlikely to repay in full the outstanding balance owed to the company.
The debt arose following property development work undertaken by the company on behalf of Brockham Property Limited. Unfortunately, due to unforeseen increase in material and labour costs against the original budget, the project costs overran and Brockham Property Limited was unable to recoup the full costs incurred when the property was sold. Given the insolvent status of Brockham Property Limited and the absence of recoverable assets, the Group has concluded that a substantial amount of the outstanding balance is no longer recoverable and therefore has provided £261,010.
The impact on the company’s financial position and performance is considered material and has been disclosed to ensure transparency for users of the financial statements.

#### 9. Ultimate controlling party

The company's immediate parent is SAR Property Consultancy Limited, incorporated in England and Wales. Its registered office address is Albert Goodman, Lupin Way, Yeovil, United Kingdom, BA22 8WW.
These financial statements are available upon request from Companies House, Cardiff.