Company Registration No. SC592731 (Scotland)
Sisandbro Property Investments Limited
Unaudited accounts
for the year ended 31 March 2023
Sisandbro Property Investments Limited
Unaudited accounts
Contents
Sisandbro Property Investments Limited
Company Information
for the year ended 31 March 2023
Directors
Victoria Mei Yi Lau
Company Number
SC592731 (Scotland)
Registered Office
5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Sisandbro Property Investments Limited
Accountants' report
Accountants' report to the board of directors of Sisandbro Property Investments Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sisandbro Property Investments Limited for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sisandbro Property Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sisandbro Property Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sisandbro Property Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sisandbro Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sisandbro Property Investments Limited. You consider that Sisandbro Property Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sisandbro Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
1 November 2023
Sisandbro Property Investments Limited
Statement of financial position
as at 31 March 2023
Tangible assets
2,687
5,100
Investment property
538,388
535,701
Cash at bank and in hand
22,387
138,523
Creditors: amounts falling due within one year
(88,485)
(94,182)
Net current (liabilities)/assets
(66,098)
44,341
Total assets less current liabilities
474,977
585,142
Creditors: amounts falling due after more than one year
(389,017)
(518,141)
Called up share capital
10
10
Profit and loss account
85,950
66,991
Shareholders' funds
85,960
67,001
For the year ending 31 March 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 16 November 2023 and were signed on its behalf by
Victoria Mei Yi Lau
Director
Company Registration No. SC592731
Sisandbro Property Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
Sisandbro Property Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC592731. The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
Between 20% and 33% on cost
Computer equipment
33% on cost
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.
Sisandbro Property Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
12,085
1,103
13,188
At 31 March 2023
12,085
1,992
14,077
At 1 April 2022
7,785
303
8,088
Charge for the year
2,687
615
3,302
At 31 March 2023
10,472
918
11,390
At 31 March 2023
1,613
1,074
2,687
At 31 March 2022
4,300
800
5,100
Fair value at 1 April 2022
535,701
Net gain from fair value adjustments
2,687
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
87,720
93,022
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
365,441
365,441
Other creditors
23,576
152,700
Aggregate of amounts that fall due for payment after five years
365,441
365,441
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).