Severn Valley Sand & Gravel Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00384198 (England and Wales)

SEVERN VALLEY SAND & GRAVEL CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K R Walton

F R Everall

R J Smith-Keary

SECRETARY:

R J Smith-Keary

REGISTERED OFFICE:

7 Market Street

Ludlow

Shropshire

SY8 1BP

REGISTERED NUMBER:

00384198 (England and Wales)

FIXED ASSETS

Investments

4

32,663

32,663

Investment property

5

1,500,000

1,500,000

1,532,663

1,532,663

CURRENT ASSETS

Debtors

6

85,042

88,915

Investments

7

30,400

30,400

Cash at bank

350,242

381,871

465,684

501,186

CREDITORS

Amounts falling due within one year

8

15,730

18,309

NET CURRENT ASSETS

449,954

482,877

TOTAL ASSETS LESS CURRENT LIABILITIES

1,982,617

2,015,540

PROVISIONS FOR LIABILITIES

9

181,896

181,896

NET ASSETS

1,800,721

1,833,644

CAPITAL AND RESERVES

Called up share capital

10

18,593

18,593

Capital redemption reserve

11

1,407

1,407

Retained earnings

11

1,780,721

1,813,644

SHAREHOLDERS' FUNDS

1,800,721

1,833,644

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 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 27th October 2021 and were signed on its behalf by:

R J Smith-Keary - Director

1.	STATUTORY INFORMATION

Severn Valley Sand & Gravel Co. 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have been consistently applied within the same accounts.

Preparation of consolidated financial statements

The financial statements contain information about Severn Valley Sand & Gravel Co. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents invoiced rental income.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any impairment provision required.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the income statement. Deferred tax is provided on gains at the rate expected to apply when the property is sold.

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.

Other investments

Other investments are shown at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1st September 2020

and 31st August 2021

32,486

177

32,663

NET BOOK VALUE

At 31st August 2021

32,486

177

32,663

At 31st August 2020

32,486

177

32,663

Cost or valuation at 31st August 2021 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2021

-

177

177

Cost

32,486

-

32,486

32,486

177

32,663

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2021

2020

£

£

Cost

99,714

99,714

Aggregate provisions

(66,856

)

(66,856

)

Fixed asset investments were valued on a fair value basis on 31st August 2021 by the directors .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st September 2020

and 31st August 2021

1,500,000

NET BOOK VALUE

At 31st August 2021

1,500,000

At 31st August 2020

1,500,000

Fair value at 31st August 2021 is represented by:

£

Valuation in 2021

1,500,000

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

2021

2020

£

£

Cost

95,415

95,415

Investment property was valued on a fair value basis on 31st August 2021 by the directors .

6.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

13,491

13,491

Other debtors

4,788

2,566

Loans

6,471

5,869

Prepayments and accrued income

269

270

25,019

22,196

Amounts falling due after more than one year:

Loans

60,023

66,719

Aggregate amounts

85,042

88,915

7.	CURRENT ASSET INVESTMENTS

2021

2020

£

£

Larford Estates Ltd £32000

unsecured loan stock

30,400

30,400

30,400

30,400

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation

4,006

4,227

Accruals and deferred income

11,724

14,082

15,730

18,309

9.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

Other timing differences

181,896

181,896

Deferred

tax

£

Balance at 1st September 2020

181,896

Balance at 31st August 2021

181,896

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

20,000

Ordinary

£1

18,593

18,593

11.

RESERVES

In accordance with Financial Reporting Standard 102 Section 1A, revaluation reserves relating to investment properties are shown within retained earnings. In retained earnings, an amount of £1,222,689 (2020 - £1,222,689) is unavailable for distribution as these profits are unrealised.