G Saviano Properties (Leeds) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13018201 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

G SAVIANO PROPERTIES (LEEDS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Saviano

REGISTERED OFFICE:

3 Park Square East

Leeds

West Yorkshire

LS1 2NE

REGISTERED NUMBER:

13018201 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Investment property

4

636,675

CURRENT ASSETS

Debtors

5

152,428

149,074

Cash at bank

14,579

12,934

167,007

162,008

CREDITORS

Amounts falling due within one year

6

117,013

105,016

NET CURRENT ASSETS

49,994

56,992

TOTAL ASSETS LESS CURRENT LIABILITIES

686,669

693,667

CREDITORS

Amounts falling due after more than
one year

7

654,445

670,124

NET ASSETS

32,224

23,543

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

32,223

23,542

SHAREHOLDERS' FUNDS

32,224

23,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 22 April 2026 and were signed by:

G Saviano - Director

1.	STATUTORY INFORMATION

G Saviano Properties (Leeds) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

and 30 November 2024

636,675

NET BOOK VALUE

At 30 November 2024

636,675

At 30 November 2023

636,675

The director considers that the fair value of the property is equivalent to cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Directors' current accounts

113,965

111,457

Tax recoverable

38,463

37,617

152,428

149,074

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

32,946

31,638

Corporation tax

48,409

42,777

VAT

6,356

1,301

Accrued expenses

29,302

29,300

117,013

105,016

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

32,946

31,638

Bank loans - 2-5 years

90,770

94,913

More than 5 years by instalments

216,528

229,372

Amounts owed to related undertakings

314,201

654,445

670,124

Amounts falling due in more than five years:

Repayable by instalments

More than 5 years by instalments

216,528

229,372

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

373,190

387,561

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024

2023

£

G Saviano

Balance outstanding at start of year

111,457

Amounts advanced

2,508

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

113,965

111,457

10.	RELATED PARTY DISCLOSURES

During the period, the company charged net rents of £65,000 (2023: £65,000) to Saviano Food Import Limited, a company of which Mr G Saviano is a director and majority shareholder.

Included in Debtors : Amounts falling due within one year as at 30 November 2024 is £113,965 (2023: £111,457) due from the directors of the company. Interest has been charged at HMRC's approved interest rate.

At 30 November 2024, the company owed an amount of £314,201 (2023: £314,201) to Saviano Food Import Limited.