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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
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S V HARVEY DEVELOPMENTS LTD |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
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FOR |
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S V HARVEY DEVELOPMENTS LTD |
S V HARVEY DEVELOPMENTS LTD (REGISTERED NUMBER: 06296163) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Certified Accountants' Report | 7 |
S V HARVEY DEVELOPMENTS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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21 Market Place |
Dereham |
Norfolk |
NR19 2AX |
S V HARVEY DEVELOPMENTS LTD (REGISTERED NUMBER: 06296163) |
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STATEMENT OF FINANCIAL POSITION |
30 JUNE 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
S V HARVEY DEVELOPMENTS LTD (REGISTERED NUMBER: 06296163) |
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STATEMENT OF FINANCIAL POSITION - continued |
30 JUNE 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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S V HARVEY DEVELOPMENTS LTD (REGISTERED NUMBER: 06296163) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
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1. | STATUTORY INFORMATION |
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S V Harvey Developments Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents property sales and net invoiced work done, excluding value added tax and adjusted for opening and closing work in progress. Property sales are recognised on exchange of legally binding contracts provided that, if the exchange is conditional, all material conditions of the contractual obligations of the contract with the purchaser have been satisfied shortly thereafter. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
S V HARVEY DEVELOPMENTS LTD (REGISTERED NUMBER: 06296163) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2022 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
Additions |
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At 30 June 2022 |
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NET BOOK VALUE |
At 30 June 2022 |
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The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
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Registered office: 24 Howard Close, Norwich, NR7 0LE |
Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves |
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Profit for the year |
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Registered office: Badwell Ash Hall Badwell Green, Badwell Ash, Bury St. Edmunds, England, IP31 3JG |
Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves |
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Profit for the year |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed to group undertakings |
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Corporation tax |
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VAT | 26 | 26 |
Other creditors |
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Directors' current accounts | 85,622 | 87,622 |
Accrued expenses |
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S V HARVEY DEVELOPMENTS LTD (REGISTERED NUMBER: 06296163) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2022 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans - 1-2 years |
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8. | CALLED UP SHARE CAPITAL |
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Alloted and issued: |
Number: | Class: | Nominal value: | 2022£ | 2021£ |
2,002 | Ordinary | £1 | 2,002 | 2 |
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The following shares have been issued as a share for share exchange. This has been fully paid. The current share capital is held 50/50 between Mr M Harvey and Mr N Harvey. |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 June 2022 and 30 June 2021: |
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2022 | 2021 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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10. | RELATED PARTY DISCLOSURES |
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At the balance sheet date, a loan existed between the holding company and its subsidiary, S V Harvey & Son Ltd. The amount owed to the subsidiary was £3,039. The loan was interest free and not repayable on demand. |
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At the balance sheet date, a loan existed between the holding company and its subsidiary, Churchview Building Contractors Ltd. The amount owed to the subsidiary was £1000. The loan was interest free and not repayable on demand. |
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11. | ULTIMATE CONTROLLING PARTY |
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CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
S V HARVEY DEVELOPMENTS LTD |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S V Harvey Developments Ltd for the year ended 30 June 2022 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of S V Harvey Developments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S V Harvey Developments Ltd and state those matters that we have agreed to state to the Board of Directors of S V Harvey Developments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that S V Harvey Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S V Harvey Developments Ltd. You consider that S V Harvey Developments Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of S V Harvey Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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21 Market Place |
Dereham |
Norfolk |
NR19 2AX |
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