2022-02-012023-01-312023-01-31false09975135SFC PROPERTY SERVICES 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SFC PROPERTY SERVICES LIMITED

Registered Number
09975135
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

SFC PROPERTY SERVICES LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

HALL, Alison Louise
HALL, Ian Stuart

Registered Address

2 Stephens Road
Overstone
NN6 0NE

Registered Number

09975135 (England and Wales)
SFC PROPERTY SERVICES LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments6210,000210,000
210,000210,000
Current assets
Cash at bank and on hand703780
703780
Creditors amounts falling due within one year8(45,929)(48,302)
Net current assets (liabilities)(45,226)(47,522)
Total assets less current liabilities164,774162,478
Creditors amounts falling due after one year9(146,377)(146,378)
Net assets18,39716,100
Capital and reserves
Called up share capital100100
Profit and loss account18,29716,000
Shareholders' funds18,39716,100
The financial statements were approved and authorised for issue by the Board of Directors on 13 October 2023, and are signed on its behalf by:
HALL, Ian Stuart
Director
Registered Company No. 09975135
SFC PROPERTY SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
Property Services
4.Accounting policies
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
5.Employee information

20232022
Average number of employees during the year00
6.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 February 22210,000210,000
At 31 January 23210,000210,000
Net book value
At 31 January 23210,000210,000
At 31 January 22210,000210,000

Notes

1Other investments other than loans
7.Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Bank borrowings and overdrafts5,1365,136
Other creditors39,99842,371
Accrued liabilities and deferred income795795
Total45,92948,302
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts146,377146,378
Total146,377146,378
10.Provisions for liabilities