S & D Properties (Staffs) Limited 11316692 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is that of rental properties Digita Accounts Production Advanced 6.30.9574.0 true 11316692 2021-04-01 2022-03-31 11316692 2022-03-31 11316692 core:RetainedEarningsAccumulatedLosses 2022-03-31 11316692 core:ShareCapital 2022-03-31 11316692 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11316692 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 11316692 1 2022-03-31 11316692 2 2022-03-31 11316692 3 2022-03-31 11316692 bus:SmallEntities 2021-04-01 2022-03-31 11316692 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 11316692 bus:FullAccounts 2021-04-01 2022-03-31 11316692 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 11316692 bus:RegisteredOffice 2021-04-01 2022-03-31 11316692 bus:Director1 2021-04-01 2022-03-31 11316692 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 11316692 1 2021-04-01 2022-03-31 11316692 2 2021-04-01 2022-03-31 11316692 3 2021-04-01 2022-03-31 11316692 countries:AllCountries 2021-04-01 2022-03-31 11316692 2021-03-31 11316692 2020-04-01 2021-03-31 11316692 2021-03-31 11316692 core:RetainedEarningsAccumulatedLosses 2021-03-31 11316692 core:ShareCapital 2021-03-31 11316692 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 11316692 core:Non-currentFinancialInstruments core:AfterOneYear 2021-03-31 11316692 1 2021-03-31 11316692 2 2021-03-31 11316692 3 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 11316692

S & D Properties (Staffs) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2022

 

S & D Properties (Staffs) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

S & D Properties (Staffs) Limited

(Registration number: 11316692)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Investment property

4

575,408

254,703

Current assets

 

Debtors

4,006

858

Cash at bank and in hand

 

6,670

42,459

 

10,676

43,317

Creditors: Amounts falling due within one year

5

(305,110)

(290,540)

Net current liabilities

 

(294,434)

(247,223)

Total assets less current liabilities

 

280,974

7,480

Creditors: Amounts falling due after more than one year

5

(267,350)

-

Net assets

 

13,624

7,480

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

13,622

7,478

Shareholders' funds

 

13,624

7,480

 

S & D Properties (Staffs) Limited

(Registration number: 11316692)
Balance Sheet as at 31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 6 September 2022 and signed on its behalf by:
 

.........................................
Miss S J Hughes
Director

 

S & D Properties (Staffs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the rental of domestic properties. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

S & D Properties (Staffs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, which is determined annually by the knowledge of the directors. Any changes in fair value are recognised in other reserves and are not distributable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2021 - 2).

4

Investment properties

2022
£

At 1 April

254,703

Additions

320,705

At 31 March

575,408

At the year end the director’s consider the historical cost to be equivalent to fair value.

 

S & D Properties (Staffs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Other creditors

305,110

290,540

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Bank borrowings

6

267,350

-

6

Loans and borrowings

Bank borrowings

Nottingham Building Society - 63 Commercial is denominated in £ with a nominal interest rate of 3.8%, and the final instalment is due on 30 June 2041. The carrying amount at year end is £94,850 (2021 - £Nil).

On 14th June 2021 a fixed and floating charge, with a negative pledge, was registered by Nottingham Building Society over the property known as 63 Commercial Road, ST1 3QR.

Nottingham Building Society - 73 Brookside is denominated in £ with a nominal interest rate of 3.8%, and the final instalment is due on 30 June 2041. The carrying amount at year end is £90,000 (2021 - £Nil).

On 25th June 2021 a fixed and floating charge, with a negative pledge, was registered by Nottingham Building Society over the property known as 73 Brookside Drive, ST3 2BW.

Nottingham Building Society - 36 Swithin is denominated in £ with a nominal interest rate of 3.8%, and the final instalment is due on 31 August 2041. The carrying amount at year end is £82,500 (2021 - £Nil).

On 06th August 2021 a fixed and floating charge, with a negative pledge, was registered by Nottingham Building Society over the property known as 36 Swithin Drive, ST4 3RF.