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REGISTERED NUMBER: 12886417 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 17 SEPTEMBER 2020 TO 30 SEPTEMBER 2021

FOR

S AND B PROPERTY VENTURES LIMITED

S AND B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 12886417)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 SEPTEMBER 2020 TO 30 SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S AND B PROPERTY VENTURES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 17 SEPTEMBER 2020 TO 30 SEPTEMBER 2021







DIRECTORS: Mrs B Kaur
N S Matharu
H S Sohal





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 12886417 (England and Wales)

S AND B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 12886417)

BALANCE SHEET
30 SEPTEMBER 2021

Notes £    £   
FIXED ASSETS
Investment property 4 244,867

CURRENT ASSETS
Debtors 5 8,750
Cash at bank and in hand 26,253
35,003
CREDITORS
Amounts falling due within one year 6 29,392
NET CURRENT ASSETS 5,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,478

CREDITORS
Amounts falling due after more than one
year

7

238,682
NET ASSETS 11,796

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 10 11,696
SHAREHOLDERS' FUNDS 11,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

S AND B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 12886417)

BALANCE SHEET - continued
30 SEPTEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





N S Matharu - Director


S AND B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 12886417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 SEPTEMBER 2020 TO 30 SEPTEMBER 2021

1. STATUTORY INFORMATION

S And B Property Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
COST
Additions 244,867
At 30 September 2021 244,867
NET BOOK VALUE
At 30 September 2021 244,867

S AND B PROPERTY VENTURES LIMITED (REGISTERED NUMBER: 12886417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 SEPTEMBER 2020 TO 30 SEPTEMBER 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 8,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 2,744
Other creditors 26,288
Accrued expenses 360
29,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 8) 238,682

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 238,682

8. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 238,682

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

10. RESERVES
Retained
earnings
£   

Profit for the period 11,696
At 30 September 2021 11,696