SBI Properties Ltd,Ltd - AccountsLtd - Accounts

SBI Properties Ltd,Ltd - AccountsLtd - Accounts

SBI PROPERTIES LIMITED - Company Information

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2017-10-01 05056620 2018-09-30 05056620 2017-10-01 2018-09-30 05056620 2017-09-30 05056620 2016-10-01 2017-09-30 05056620 uk-core:WithinOneYear 2017-09-30 05056620 uk-core:WithinOneYear 2018-09-30 05056620 uk-core:AfterOneYear 2017-09-30 05056620 uk-core:AfterOneYear 2018-09-30 05056620 uk-core:ShareCapital 2018-09-30 05056620 uk-core:ShareCapital 2017-09-30 05056620 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 05056620 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 05056620 uk-bus:Director1 2017-10-01 2018-09-30 05056620 uk-core:OfficeEquipment 2017-10-01 2018-09-30 05056620 uk-core:FurnitureFittings 2017-10-01 2018-09-30 05056620 uk-core:OfficeEquipment 2017-09-30 05056620 uk-core:FurnitureFittings 2017-09-30 05056620 uk-core:FurnitureFittings 2018-09-30 05056620 uk-core:OfficeEquipment 2018-09-30 05056620 uk-core:WithinOneYear 2018-09-30 05056620 uk-core:WithinOneYear 2017-09-30 iso4217:GBP 05056620 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 05056620 uk-bus:FRS102 2017-10-01 2018-09-30 05056620 uk-bus:FullAccounts 2017-10-01 2018-09-30 05056620 uk-bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30
SBI Properties Ltd
Registered Number:05056620
For the year ended 30 September 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2018
SBI Properties Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 September 2018
SBI Properties Ltd
Statement of Financial Position
Registered Number :
05056620
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
6,626
8,284
2
3
2,815,000
2,665,000
Investment property
2,821,626
2,673,284
Current assets
Trade and other receivables
315,871
310,887
4
3,622
Cash and cash equivalents
100
310,987
319,493
Trade and other payables: amounts falling due within one
year
(82,367)
(81,114)
5
237,126
229,873
Net current assets
Total assets less current liabilities
3,051,499
2,910,410
Trade and other payables: amounts falling due after more
than one year
(1,624,370)
(1,624,406)
6
(242,164)
(254,959)
Provisions for liabilities
1,184,929
Net assets
1,031,081
Capital and reserves
Called up share capital
2
2
Retained earnings
1,184,927
1,031,079
1,184,929
1,031,081
Shareholders' funds
For the year ended 30 September 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs I K Makkar Director
These financial statements were approved and authorised for issue by the Board on 17 June 2019 and were signed by:
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4
For the year ended 30 September 2018
SBI Properties Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 30 September 2018
SBI Properties Ltd
Notes to the Financial Statements
Statutory Information
SBI Properties Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05056620.
Registered address:
Bridgewater House, Top Floor
866-868 Uxbridge Road, Hayes
Middlesex
UB4 0RR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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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6
For the year ended 30 September 2018
SBI Properties Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 October 2017
19,113
1,029
18,084
At 30 September 2018
18,084
1,029
19,113
Provision for depreciation and impairment
At 01 October 2017
10,829
926
9,903
Charge for year
1,658
21
1,637
At 30 September 2018
12,487
947
11,540
At 30 September 2018
Net book value
6,544
82
6,626
At 30 September 2017
8,181
103
8,284
3. Investment property
Total
£
Fair value
At 01 October 2017
2,665,000
Fair value adjustments
150,000
At 30 September 2018
2,815,000
Net book value
At 30 September 2018
2,815,000
At 30 September 2017
2,665,000
4. Trade and other receivables
2017
2018
£
£
Amounts owed by group undertakings and participating interests
309,200
299,800
Other debtors
1,687
16,071
315,871
310,887
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
309,200
299,800
4 of 5
7
For the year ended 30 September 2018
SBI Properties Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
58,790
57,001
Taxation and social security
13,780
8,217
Other creditors
8,544
17,149
81,114
82,367
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Bank loans and overdraft (secured)
1,616,906
1,616,870
Other creditors
7,500
7,500
1,624,406
1,624,370
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