Saville Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05922102 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Saville Homes Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A G Saville

REGISTERED OFFICE:

8 Dorchester Mansions

Cross Road

Ascot

Sunningdale

Berkshire

SL5 9SG

REGISTERED NUMBER:

05922102 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

13,656

20,726

Investments

6

100

13,756

20,826

CURRENT ASSETS

Inventories

967,380

Debtors

7

628,835

396,826

Cash at bank

6,628

153,793

1,602,843

1,517,999

CREDITORS

Amounts falling due within one year

8

(532,525

)

(498,551

)

NET CURRENT ASSETS

1,070,318

1,019,448

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,074

1,040,274

CREDITORS

Amounts falling due after more than one
year

9

(1,035,486

)

(1,016,859

)

NET ASSETS

48,588

23,415

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

48,488

23,315

SHAREHOLDERS' FUNDS

48,588

23,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2025 and were signed by:

A G Saville - Director

1.	STATUTORY INFORMATION

Saville Homes 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

The financial statements have been prepared under the historical cost convention.

The directors have reviewed the company's cash flow and and working capital requirements and consider that the company has sufficient resources to continue trading for a period of at least twelve months from the date of the signing of these financial statements. On this basis, the directors are satisfied that the company may prepare its financial statements on the going concern basis

Preparation of consolidated financial statements

The financial statements contain information about Saville Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income represents rents receivable by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

Inventories

Inventories comprise properties constructed for the purpose of development and subsequent sale in the ordinary course of business and is measured at the lower of cost and net realisable value. Cost includes the cost of acquiring the land and direct development expenditure including materials, labour, professional fees and borrowing costs directly attributable to the acquisition and development of the property.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

The company is part of a tax group for certain aspects of tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. Where payment for group relief is made, this is at amounts equal to the tax benefit and included within the current tax disclosures.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Motor

Office

vehicles

equipment

Totals

£

Cost

At 1 April 2024

44,322

6,702

51,024

Disposals

(21,322

)

-

(21,322

)

At 31 March 2025

23,000

6,702

29,702

Depreciation

At 1 April 2024

25,830

4,468

30,298

Charge for year

4,623

2,234

6,857

Eliminated on disposal

(21,109

)

-

(21,109

)

At 31 March 2025

9,344

6,702

16,046

Net book value

At 31 March 2025

13,656

-

13,656

At 31 March 2024

18,492

2,234

20,726

6.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost

At 1 April 2024

and 31 March 2025

100

Net book value

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Amounts owed by group undertakings

146,550

248,608

Other debtors

482,285

148,218

628,835

396,826

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

10,000

Hire purchase contracts

2,216

2,009

Taxation and social security

2,210

-

Other creditors

518,099

486,542

532,525

498,551

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Bank loans

1,667

11,667

Hire purchase contracts

13,486

15,702

Other creditors

1,020,333

989,490

1,035,486

1,016,859

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

1,020,333

989,490

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

Other loans

1,020,333

989,490

Secured debts include amounts secured over assets held in group companies under the terms of the commercial loan.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

A G Saville

Balance outstanding at start of year

-

Amounts advanced

18,500

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

18,500

-

During the period, the company has loaned its director, Mr A G Saville, £18,500. The loan has been repaid to the company since the year end . The loan was unsecured with a commercial rate of interest being charged.

12.	RELATED PARTY DISCLOSURES

During the period the company provided interest free loans to companies under the common control of the company's director. The balance due at the year end on these loans was £463,785 (2024: £nil).

During the period the company provided interest free loans to its subsidiary company. The balance due at the year end on these loans was £146,550 (2024: £248,608).