Saddlers Land and Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08525013 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2021

for

Saddlers Land and Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Williams

SECRETARY:

REGISTERED OFFICE:

4a Front Street

Sedgefield

Stockton on Tees

Cleveland

TS21 3AT

REGISTERED NUMBER:

08525013 (England and Wales)

FIXED ASSETS

Tangible assets

4

16,939,117

16,612,242

CURRENT ASSETS

Debtors

5

2,027,684

313,106

Investments

6

125,000

125,000

Cash at bank and in hand

39,365

137,844

2,192,049

575,950

CREDITORS

Amounts falling due within one year

7

5,174,186

2,972,143

NET CURRENT LIABILITIES

(2,982,137

)

(2,396,193

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,956,980

14,216,049

CREDITORS

Amounts falling due after more than one year

8

8,777,580

9,716,923

NET ASSETS

5,179,400

4,499,126

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

5,179,200

4,498,926

SHAREHOLDERS' FUNDS

5,179,400

4,499,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 23 February 2022 and were signed by:

S J Williams - Director

1.	STATUTORY INFORMATION

Saddlers Land and Property 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

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 2 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 June 2020

15,637,021

1,087,228

16,724,249

Additions

-

375,817

375,817

At 31 May 2021

15,637,021

1,463,045

17,100,066

DEPRECIATION

At 1 June 2020

-

112,007

112,007

Charge for year

-

48,942

48,942

At 31 May 2021

-

160,949

160,949

NET BOOK VALUE

At 31 May 2021

15,637,021

1,302,096

16,939,117

At 31 May 2020

15,637,021

975,221

16,612,242

Cost or valuation at 31 May 2021 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2020

15,697,021

1,027,228

16,724,249

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

15,637,021

15,637,021

CLIENT SCREEN TOTAL

=

-

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL

Cost/valuation b/f

1,087,228

Additions

375,817

1,463,045

CLIENT SCREEN TOTAL

=

-

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.5.21

31.5.20

£

£

Cost

12,644,910

12,644,910

Value of land in freehold land and buildings

12,644,910

12,644,910

Freehold land and buildings were valued on an open market basis on by Simon Williams .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

302,523

117,952

Amounts owed by group undertakings

1,725,161

195,154

2,027,684

313,106

6.	CURRENT ASSET INVESTMENTS

The company owns 50% of the issued share capital of Three Tuns Developments Limited.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans and overdrafts

550,256

-

Trade creditors

758,813

496,870

Taxation and social security

190,292

105,261

Other creditors

3,674,825

2,370,012

5,174,186

2,972,143

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans

8,777,580

9,716,923