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Company Registration No. 4208262 (England and Wales)
Sedbury Property Limited Unaudited accounts for the year ended 30 April 2023
Sedbury Property Limited Unaudited accounts Contents
Page
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Sedbury Property Limited Company Information for the year ended 30 April 2023
Directors
N Hughes J Hughes
Company Number
4208262 (England and Wales)
Registered Office
The Cottage, Sedbury East Farm Gilling West Richmond North Yorkshire DL10 5ER
Accountants
JLA Accounting Limited 9 Flora Avenue Darlington DL3 8PF
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Sedbury Property Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,978 
1,937 
Investment property
640,000 
695,000 
641,978 
696,937 
Current assets
Debtors
- 
8,693 
Cash at bank and in hand
6,545 
3,910 
6,545 
12,603 
Creditors: amounts falling due within one year
(32,356)
(97,756)
Net current liabilities
(25,811)
(85,153)
Net assets
616,167 
611,784 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
447,831 
466,891 
Profit and loss account
168,236 
144,793 
Shareholders' funds
616,167 
611,784 
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by
J Hughes Director Company Registration No. 4208262
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Sedbury Property Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Sedbury Property Limited is a private company, limited by shares, registered in England and Wales, registration number 4208262. The registered office is The Cottage, Sedbury East Farm, Gilling West, Richmond, North Yorkshire, DL10 5ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Fixtures & fittings
15% straight line
Computer equipment
15% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them
Pension costs
The company operates a defined contribution scheme for the benefit of its directors. Contributions payable are recognised in the profit and loss account when due.
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Sedbury Property Limited Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
- 
17,333 
17,333 
Additions
930 
- 
930 
At 30 April 2023
930 
17,333 
18,263 
Depreciation
At 1 May 2022
- 
15,396 
15,396 
Charge for the year
93 
796 
889 
At 30 April 2023
93 
16,192 
16,285 
Net book value
At 30 April 2023
837 
1,141 
1,978 
At 30 April 2022
- 
1,937 
1,937 
5
Investment property
2023 
£ 
Fair value at 1 May 2022
695,000 
Disposals
(55,000)
At 30 April 2023
640,000 
Investment property was valued on an open market basis on 30 April 2023 by the directors of the company.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
8,693 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
3,600 
Taxes and social security
44 
- 
Other creditors
1,240 
1,240 
Loans from directors
29,845 
91,748 
Accruals
1,227 
1,168 
32,356 
97,756 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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