Salop Sand & Gravel Holdings Limited - Period Ending 2022-12-31

Salop Sand & Gravel Holdings Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Salop Sand & Gravel Holdings Limited

Company Information

Director

Mr R M Parton

Registered office

The Oaklands Station Road Admaston Telford Shropshire TF5 0AN

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Salop Sand & Gravel Holdings Limited

(Registration number: 12877705)
Balance Sheet as at 31 December 2022

	Note	31 December 2022 £	30 September 2021 £
Fixed assets
Investment property	4	259,720	-
Investments	5	773	673
		260,493	673
Current assets
Debtors	6	4,326	1
Creditors: Amounts falling due within one year	7	(259,820)	-
Net current (liabilities)/assets		(255,494)	1
Net assets		4,999	674
Capital and reserves
Called up share capital	8	674	674
Retained earnings		4,325	-
Shareholders' funds		4,999	674

For the financial period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2023
 

Mr R M Parton Director

Salop Sand & Gravel Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Oaklands
Station Road
Admaston
Telford
Shropshire
TF5 0AN

These financial statements were authorised for issue by the director on 29 September 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company and its subsidiary undertaking comprise a small group. The company has taken advantage of the exemption provided by section 399 2A of the Companies Act 2006 to not prepare consolidated financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Salop Sand & Gravel Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 December 2022

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2021 - 1).

4	Investment properties

	31 December 2022 £
Additions	259,720
At 31 December	259,720

There has been no valuation of investment property by an independent valuer.

Salop Sand & Gravel Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 December 2022

5	Investments

	31 December 2022 £	30 September 2021 £
Investments in subsidiaries	773	673

Subsidiaries	£
Cost or valuation
At 1 October 2021	673
Additions	100
At 31 December 2022	773
Carrying amount
At 31 December 2022	773
At 30 September 2021	673

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2022	2021
Subsidiary undertakings
Salop Sand & Gravel Supply Company Limited	The Oaklands Admaston Wellington Telford TF5 0AN England & Wales	Ordinary A	100%	100%
Salop Sand and Gravel Limited	The Oaklands Admaston Wellington Telford TF5 0AN England & Wales	Ordinary	100%	0%

Salop Sand & Gravel Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 December 2022

6

Debtors

	Note	31 December 2022 £	30 September 2021 £
Amounts owed by related parties		4,325	-
Other debtors		1	1
		4,326	1

7

Creditors

Creditors: amounts falling due within one year

	Note	31 December 2022 £	30 September 2021 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		100	-
Other creditors		259,720	-
		259,820	-

8	Share capital

Allotted, called up and fully paid shares

	31 December 2022		30 September 2021
	No.	£	No.	£
A Ordinary of £1 each	540	540	540	540
C Ordinary of £1 each	134	134	134	134
	674	674	674	674