Saxon Gate Development Limited - Accounts to registrar (filleted) - small 18.2
Saxon Gate Development Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2017 TO 31 MARCH 2019 |
| FOR |
| SAXON GATE DEVELOPMENT LIMITED |
| SAXON GATE DEVELOPMENT LIMITED (REGISTERED NUMBER: 10372950) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2017 TO 31 MARCH 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SAXON GATE DEVELOPMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 OCTOBER 2017 TO 31 MARCH 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Empress Heights |
| College Street |
| Southampton |
| Hampshire |
| SO14 3LA |
| SAXON GATE DEVELOPMENT LIMITED (REGISTERED NUMBER: 10372950) |
| BALANCE SHEET |
| 31 MARCH 2019 |
| 31.3.19 | 30.9.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their 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. |
| SAXON GATE DEVELOPMENT LIMITED (REGISTERED NUMBER: 10372950) |
| BALANCE SHEET - continued |
| 31 MARCH 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| SAXON GATE DEVELOPMENT LIMITED (REGISTERED NUMBER: 10372950) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 OCTOBER 2017 TO 31 MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Saxon Gate Development Limited is a |
| Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The director considers that, notwithstanding the company's negative net assets position, it is |
| appropriate to prepare the accounts on a going concern basis as the company will be able to continue |
| to meet its liabilities as they fall due, due to the continuing support of the directors. |
| Tangible fixed assets |
| Plant and machinery | - |
| 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. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling |
| costs in bringing stocks to their present location and condition. |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 October 2017 |
| and 31 March 2019 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for period |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 30 September 2017 |
| SAXON GATE DEVELOPMENT LIMITED (REGISTERED NUMBER: 10372950) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 OCTOBER 2017 TO 31 MARCH 2019 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2017 |
| Reclassification/transfer | (1,068,191 | ) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 30 September 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.19 | 30.9.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.19 | 30.9.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.19 | 30.9.17 |
| £ | £ |
| Other creditors | 5,008,553 | 1,733,336 |
| Paragon Bank PLC has a fixed and floating charge over the property Saxon Gate, Back of the Walls, |
| Southampton. |
| Westmede Properties Ltd has a fixed and floating charge over the property Saxon Gate, Back of the |
| Walls, Southampton |
| Full details of all charges can be found on Companies House website. |