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Registered Number:05056620 |
For the year ended 30 September 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2019
SBI Properties Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
SBI Properties Ltd
Statement of Financial Position
2018
2019
Property, plant and equipment |
5,669
6,626
2
3
2,860,000
2,815,000
2,865,669
2,821,626
Trade and other receivables |
310,887
782,646
4
100
Cash and cash equivalents |
4,359
787,005
310,987
Trade and other payables: amounts falling due within one |
year |
(81,114)
(61,616)
5
229,873
725,389
Net current assets
Total assets less current liabilities |
3,591,058
3,051,499
Trade and other payables: amounts falling due after more |
than one year |
(1,624,406)
(2,121,334)
6
(279,204)
(242,164)
Provisions for liabilities |
1,190,520
Net assets
1,184,929
2
2
1,190,518
1,184,927
1,190,520
1,184,929
Shareholders' funds
For the year ended 30 September 2019 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 2019 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. |
1 of 5
4
For the year ended 30 September 2019
SBI Properties Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 23 June 2020 and were signed by: |
The notes form part of these financial statements |
2 of 5
5
For the year ended 30 September 2019
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. |
Bridgewater House, Top Floor
866-868 Uxbridge Road, Hayes
Middlesex
UB4 0RR
The presentation currency is £ sterling. |
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: |
Computer equipment
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. |
3 of 5
6
For the year ended 30 September 2019
SBI Properties Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
19,113
1,029
18,084
460
-
460
18,544
1,029
19,573
Provision for depreciation and impairment |
12,487
947
11,540
Charge for year
1,417
16
1,401
13,904
963
12,941
5,603
66
5,669
6,544
82
6,626
2,815,000
45,000
2,860,000
2,860,000
2,815,000
4. Trade and other receivables |
2018
2019
Amounts owed by group undertakings and participating interests |
778,415
309,200
4,231
1,687
310,887
782,646
The debtors above include the following amounts falling due after more than one year: |
Amounts owed by group undertakings and participating interests |
778,415
309,200
4 of 5
7
For the year ended 30 September 2019
SBI Properties Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2018
2019
42,691
58,790
Taxation and social security |
8,285
13,780
10,640
8,544
61,616
81,114
6. Trade and other payables: amounts falling due after more than one year |
2018
2019
Bank loans and overdraft (secured) |
2,113,834
1,616,906
7,500
7,500
2,121,334
1,624,406
7. Average number of persons employed |
During the year the average number of employees was 0
5 of 5