2013-10-01
true
false
Private Limited Company
05056620
2014-09-30
05056620
2013-10-01
2014-09-30
05056620
2013-09-30
05056620
2012-10-01
2013-09-30
05056620
uk-bus:Director1
2013-10-01
2014-09-30
05056620
uk-gaap:OfficeEquipment
2013-10-01
2014-09-30
05056620
uk-gaap:FixturesFittings
2013-10-01
2014-09-30
05056620
uk-gaap:AfterOneYear
2014-09-30
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uk-gaap:AfterOneYear
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uk-bus:OrdinaryShareClass1
2014-09-30
iso4217:GBP
For the year ended 30 September 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05056620
2
SBI Properties Ltd
For the year ended 30 September 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
SBI Properties Ltd
2014
2013
2
1,855,492
1,543,010
1,855,492
1,543,010
205
9,558
9,558
205
| Creditors: amounts falling due within one year |
(114,873)
(110,767)
(114,668)
(101,209)
Net current liabilities
| Total assets less current liabilities |
1,754,283
1,428,342
| Creditors: amounts falling due after more than one year |
3
(1,068,120)
(1,059,735)
694,548
Net assets
360,222
2
4
2
249,149
535,140
159,406
111,071
694,548
360,222
Shareholders funds
| For the year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 27 April 2015 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
SBI Properties Ltd
For the year ended 30 September 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover represents rents receivable.
| Tangible fixed assets, other than leasehold property, 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 properties are included in the balance sheet at their open market value at the balance sheet date. |
| The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only |
| on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible |
| assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the |
| financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors |
| reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be |
| separately identified or quantified. |
2 of 3
5
| Notes to the Abbreviated Financial Statements |
SBI Properties Ltd
For the year ended 30 September 2014
1,546,768
27,864
285,991
1,860,623
3,758
1,373
Charge for year
5,131
1,855,492
1,543,010
| Cost or valuation at 30 September 2014 is represented by: Cost £1,314,860Revaluation in 2007 £ 89,018Revaluation in 2012 £ 41,135Revaluation in 2013 £ 118,996Revaluation in 2014 £ 285,991 ---------------- £1,850,000 =========If freehold land and buildings had not been re-valued they would have been included at the following historical cost: 30 September 2014 30 September 2013 -------------------------- ------------------------- Cost £1,314,860 £1,290,851 |
2013
2014
| 3 Creditors due after more than one year |
979,235
979,237
Bank loans and overdrafts (secured)
| Allotted called up and fully paid |
2014
2013
| 2 Ordinary shares of £1.00 each |
2
2
2
2
3 of 3
