Saffron Weaver Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09112952 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

SAFFRON WEAVER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E C Hunter Smart

C Olsen

REGISTERED OFFICE:

19 Newman Lane

Alton

Hampshire

GU34 2QW

REGISTERED NUMBER:

09112952 (England and Wales)

ACCOUNTANTS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Investments

4

2,236,705

2,236,705

CURRENT ASSETS

Debtors

5

100

100

Cash at bank

2,309,785

1,379,051

2,309,885

1,379,151

CREDITORS

Amounts falling due within one year

6

161,467

160,617

NET CURRENT ASSETS

2,148,418

1,218,534

TOTAL ASSETS LESS CURRENT LIABILITIES

4,385,123

3,455,239

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,385,023

3,455,139

SHAREHOLDERS' FUNDS

4,385,123

3,455,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 and authorised for issue by the Board of Directors and authorised for issue on 30 April 2020 and were signed on its behalf by:

C Olsen - Director

E C Hunter Smart - Director

1.	STATUTORY INFORMATION

Saffron Weaver Limited is a private company, limited by shares, registered in England and Wales. The

company's registered office address is 19 Newman Lane, Alton, Hampshire, GU34 2QW.

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.

Preparation of consolidated financial statements

The financial statements contain information about Saffron Weaver 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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 NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2018

and 31 August 2019

2,236,705

NET BOOK VALUE

At 31 August 2019

2,236,705

At 31 August 2018

2,236,705

1900 shares are held at a value of £1 each.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other debtors

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Amounts owed to group undertakings

161,467

160,617

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no advances or credits to directors during the year. The balance owing from director 1 to the

company at 31 August 2018 was £50 (31 August 2017 - £50) and the balance owing from director 2 to the

company at 31 August 2018 was £50 (31 August 2017 - £50).

The loans from the company to the directors are interest free and repayable upon demand.