Southdowns Village Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 02566997 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Southdowns Village Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P D Hensher

A W Hensher

SECRETARY:

R. G. C. Corporate Services Ltd

REGISTERED OFFICE:

23 Porters Wood

St. Albans

Hertfordshire

AL3 6PQ

REGISTERED NUMBER:

02566997 (England and Wales)

ACCOUNTANTS:

B J Whale

23 Porters Wood

St. Albans

Hertfordshire

AL3 6PQ

FIXED ASSETS

Tangible assets

4

5,253,247

3,498,850

CURRENT ASSETS

Debtors

5

88,479

6,026

Cash at bank

2,217,091

1,445,270

2,305,570

1,451,296

CREDITORS

Amounts falling due within one year

6

5,152,553

4,527,016

NET CURRENT LIABILITIES

(2,846,983

)

(3,075,720

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,406,264

423,130

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

2,152,174

-

Retained earnings

253,990

423,030

2,406,264

423,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 by the Board of Directors and authorised for issue on 4 April 2023 and were signed on its behalf by:

P D Hensher - Director

1.	STATUTORY INFORMATION

Southdowns Village 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.

Turnover

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

Tangible fixed assets

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

Freehold property

-

not provided

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2021

3,498,850

Additions-freehold property

496,310

Disposals

(894,087

)

Revaluations

2,152,174

At 31 March 2022

5,253,247

NET BOOK VALUE

At 31 March 2022

5,253,247

At 31 March 2021

3,498,850

Cost or valuation at 31 March 2022 is represented by:

Land and

buildings

£

Valuation in 2022

2,152,174

Cost

3,101,073

5,253,247

If had not been revalued would have been included at the following historical cost:

2022

2021

£

£

Cost

2,654,394

-

Value of land in freehold land and buildings

5,243,247

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

88,479

6,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Licensee deposits

5,044,884

4,412,384

Trade creditors

22,128

66,633

Other creditors

85,541

47,999

5,152,553

4,527,016

7.

RESERVES

Revaluation

reserve

£

Property revaluation reserve

2,152,174

At 31 March 2022

2,152,174