SBI Properties Ltd,Ltd - AccountsLtd - Accounts

SBI Properties Ltd,Ltd - AccountsLtd - Accounts

SBI PROPERTIES LIMITED - Company Information

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2022-10-01 05056620 2023-09-30 05056620 2022-10-01 2023-09-30 05056620 2022-09-30 05056620 2021-10-01 2022-09-30 05056620 uk-core:WithinOneYear 2022-09-30 05056620 uk-core:WithinOneYear 2023-09-30 05056620 uk-core:AfterOneYear 2022-09-30 05056620 uk-core:AfterOneYear 2023-09-30 05056620 uk-core:ShareCapital 2023-09-30 05056620 uk-core:ShareCapital 2022-09-30 05056620 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 05056620 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 05056620 uk-bus:Director1 2022-10-01 2023-09-30 05056620 uk-core:OfficeEquipment 2022-10-01 2023-09-30 05056620 uk-core:FurnitureFittings 2022-10-01 2023-09-30 05056620 uk-core:WithinOneYear 2023-09-30 05056620 uk-core:WithinOneYear 2022-09-30 05056620 uk-core:AfterOneYear uk-core:Secured 2023-09-30 05056620 uk-core:AfterOneYear uk-core:Secured 2022-09-30 iso4217:GBP xbrli:pure 05056620 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 05056620 uk-bus:FRS102 2022-10-01 2023-09-30 05056620 uk-bus:FullAccounts 2022-10-01 2023-09-30 05056620 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
SBI Properties Ltd
Registered Number:05056620
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
SBI Properties Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05056620
As at 30 September 2023
SBI Properties Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,512
3,140
2
3,010,000
3,010,000
Investment property
3,012,512
3,013,140
Current assets
Trade and other receivables
1,034,975
1,025,871
3
847
Cash and cash equivalents
1,519
1,027,390
1,035,822
Trade and other payables: amounts falling due within one
year
(54,577)
(57,604)
4
981,245
969,786
Net current assets
Total assets less current liabilities
3,982,298
3,994,385
Trade and other payables: amounts falling due after more
than one year
(2,341,470)
(2,335,045)
5
(307,704)
(307,704)
Provisions for liabilities
1,339,549
Net assets
1,345,211
Capital and reserves
Called up share capital
2
2
Retained earnings
1,339,547
1,345,209
1,339,549
1,345,211
Shareholders' funds
For the year ended 30 September 2023 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 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 15 December 2023 and were signed by:
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4
Registered Number :
05056620
For the year ended 30 September 2023
SBI Properties Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 30 September 2023
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.
2. Investment property
Total
£
Fair value
At 01 October 2022
3,010,000
At 30 September 2023
3,010,000
Net book value
At 30 September 2023
3,010,000
At 30 September 2022
3,010,000
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6
For the year ended 30 September 2023
SBI Properties Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Amounts owed by group undertakings and participating interests
1,020,250
1,028,083
Other debtors
5,621
6,892
1,034,975
1,025,871
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
1,020,250
1,028,083
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
31,173
24,796
Taxation and social security
12,697
7,059
Other creditors
13,734
22,722
57,604
54,577
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
35,711
40,588
Bank loans and overdraft (secured)
2,291,834
2,293,382
Other creditors
7,500
7,500
2,335,045
2,341,470
6. Average number of persons employed
During the year the average number of employees was 0
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