SAXON URBAN (FIVE) LIMITED

SAXON URBAN (FIVE) LIMITED

SAXON URBAN (FIVE) LIMITED - Company Information

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SAXON URBAN (FIVE) LIMITED

Company Registration Number:
04265214 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2020

Period of accounts

Start date: 01 December 2019

End date: 30 November 2020

SAXON URBAN (FIVE) LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2020

Balance sheet
Notes

SAXON URBAN (FIVE) LIMITED

Balance sheet

As at 30 November 2020


Notes
2020
2019


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,352,152 1,352,152
Total fixed assets: 1,352,152 1,352,152
Current assets
Debtors:   2,565 153,765
Cash at bank and in hand: 24,979 53,341
Total current assets: 27,544 207,106
Creditors: amounts falling due within one year:   (96,857) (75,445)
Net current assets (liabilities): (69,313) 131,661
Total assets less current liabilities: 1,282,839 1,483,813
Creditors: amounts falling due after more than one year: 4 (394,452) (639,391)
Provision for liabilities: (19,780) (19,780)
Total net assets (liabilities): 868,607 824,642
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:585,49285,492
Profit and loss account: 783,113 739,148
Shareholders funds: 868,607 824,642

The notes form part of these financial statements

SAXON URBAN (FIVE) LIMITED

Balance sheet statements

For the year ending 30 November 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2021
and signed on behalf of the board by:

Name: N Brunskill
Status: Director

The notes form part of these financial statements

SAXON URBAN (FIVE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SAXON URBAN (FIVE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

SAXON URBAN (FIVE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

3. Tangible Assets

Total
Cost £
At 01 December 2019 1,352,152
At 30 November 2020 1,352,152
Depreciation
At 01 December 2019 0
At 30 November 2020 0
Net book value
At 30 November 2020 1,352,152
At 30 November 2019 1,352,152

SAXON URBAN (FIVE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

4. Creditors: amounts falling due after more than one year note

Secured Bank Loan £65,270Unsecured Bank Loan 45,000Unsecured Loan from shareholders 284,182Total loans after more than one year 394,452

SAXON URBAN (FIVE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

5. Revaluation reserve

2020
£
Balance at 01 December 2019 85,492
Surplus or deficit after revaluation 0
Balance at 30 November 2020 85,492

SAXON URBAN (FIVE) LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2020

6. Post balance sheet events

The company has repaid the existing secured bank loan by arranging a secured loan from an alternative lender, at a lower rate of interest, in order to repay the existing secured loan and to provide working capital