SIG Properties Ltd 11165197 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true true 11165197 2022-02-01 2023-01-31 11165197 2023-01-31 11165197 core:CurrentFinancialInstruments 2023-01-31 11165197 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11165197 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11165197 core:FurnitureFittingsToolsEquipment 2023-01-31 11165197 core:LandBuildings 2023-01-31 11165197 bus:SmallEntities 2022-02-01 2023-01-31 11165197 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11165197 bus:AbridgedAccounts 2022-02-01 2023-01-31 11165197 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11165197 bus:RegisteredOffice 2022-02-01 2023-01-31 11165197 bus:Director1 2022-02-01 2023-01-31 11165197 bus:Director2 2022-02-01 2023-01-31 11165197 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11165197 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 11165197 core:LandBuildings 2022-02-01 2023-01-31 11165197 countries:EnglandWales 2022-02-01 2023-01-31 11165197 2022-01-31 11165197 core:FurnitureFittingsToolsEquipment 2022-01-31 11165197 core:LandBuildings 2022-01-31 11165197 2021-02-01 2022-01-31 11165197 2022-01-31 11165197 core:CurrentFinancialInstruments 2022-01-31 11165197 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 11165197 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 11165197 core:FurnitureFittingsToolsEquipment 2022-01-31 11165197 core:LandBuildings 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 11165197

SIG Properties Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2023

 

SIG Properties Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

SIG Properties Ltd

Company Information

Directors

Mr Albert Ian Goulden

Mr Scott Goulden

Registered office

Hunt Hill Cottage
Chester Lane
Winsford
Cheshire
CW7 2QW

 

SIG Properties Ltd

(Registration number: 11165197)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

140,775

140,897

Current assets

 

Debtors

5

1,673

1,673

Cash at bank and in hand

 

366

1,689

 

2,039

3,362

Prepayments and accrued income

 

300

309

Creditors: Amounts falling due within one year

(18,610)

(17,881)

Net current liabilities

 

(16,271)

(14,210)

Total assets less current liabilities

 

124,504

126,687

Creditors: Amounts falling due after more than one year

(111,254)

(122,816)

Net assets

 

13,250

3,871

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

13,248

3,869

Shareholders' funds

 

13,250

3,871

For the financial year ending 31 January 2023 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 October 2023 and signed on its behalf by:
 

 

SIG Properties Ltd

(Registration number: 11165197)
Abridged Balance Sheet as at 31 January 2023

.........................................
Mr Albert Ian Goulden
Director

 

SIG Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

1

General information

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

The address of its registered office is:
Hunt Hill Cottage
Chester Lane
Winsford
Cheshire
CW7 2QW
England

These financial statements were authorised for issue by the Board on 18 October 2023.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. 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.

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.

 

SIG Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

At valuation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

SIG Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

140,407

654

141,061

At 31 January 2023

140,407

654

141,061

Depreciation

At 1 February 2022

-

164

164

Charge for the year

-

122

122

At 31 January 2023

-

286

286

Carrying amount

At 31 January 2023

140,407

368

140,775

At 31 January 2022

140,407

490

140,897

Included within the net book value of land and buildings above is £140,407 (2022 - £140,407) in respect of freehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2