2022-02-182023-06-302023-06-30false13924955SYSTON SUB LTD2023-11-1856103iso4217:GBPxbrli:pure139249552022-02-18139249552023-06-30139249552022-02-182023-06-30139249552022-02-17139249552022-02-17139249552022-02-172022-02-1713924955bus:SmallEntities2022-02-182023-06-3013924955bus:AuditExempt-NoAccountantsReport2022-02-182023-06-3013924955bus:FullAccounts2022-02-182023-06-3013924955bus:PrivateLimitedCompanyLtd2022-02-182023-06-3013924955core:WithinOneYear2023-06-3013924955core:AfterOneYear2023-06-3013924955core:WithinOneYear2022-02-1713924955core:AfterOneYear2022-02-1713924955core:ShareCapital2023-06-3013924955core:SharePremium2023-06-3013924955core:RevaluationReserve2023-06-3013924955core:OtherReservesSubtotal2023-06-3013924955core:RetainedEarningsAccumulatedLosses2023-06-3013924955core:ShareCapital2022-02-1713924955core:SharePremium2022-02-1713924955core:RevaluationReserve2022-02-1713924955core:OtherReservesSubtotal2022-02-1713924955core:RetainedEarningsAccumulatedLosses2022-02-1713924955core:LandBuildings2023-06-3013924955core:PlantMachinery2023-06-3013924955core:Vehicles2023-06-3013924955core:FurnitureFittings2023-06-3013924955core:OfficeEquipment2023-06-3013924955core:NetGoodwill2023-06-3013924955core:IntangibleAssetsOtherThanGoodwill2023-06-3013924955core:ListedExchangeTraded2023-06-3013924955core:UnlistedNon-exchangeTraded2023-06-3013924955core:LandBuildings2022-02-1713924955core:PlantMachinery2022-02-1713924955core:Vehicles2022-02-1713924955core:FurnitureFittings2022-02-1713924955core:OfficeEquipment2022-02-1713924955core:NetGoodwill2022-02-1713924955core:IntangibleAssetsOtherThanGoodwill2022-02-1713924955core:ListedExchangeTraded2022-02-1713924955core:UnlistedNon-exchangeTraded2022-02-1713924955core:LandBuildings2022-02-182023-06-3013924955core:PlantMachinery2022-02-182023-06-3013924955core:Vehicles2022-02-182023-06-3013924955core:FurnitureFittings2022-02-182023-06-3013924955core:OfficeEquipment2022-02-182023-06-3013924955core:NetGoodwill2022-02-182023-06-3013924955core:IntangibleAssetsOtherThanGoodwill2022-02-182023-06-3013924955core:ListedExchangeTraded2022-02-182023-06-3013924955core:UnlistedNon-exchangeTraded2022-02-182023-06-3013924955core:MoreThanFiveYears2022-02-182023-06-3013924955core:Non-currentFinancialInstruments2023-06-3013924955core:Non-currentFinancialInstruments2022-02-1713924955dpl:CostSales2022-02-182023-06-3013924955dpl:DistributionCosts2022-02-182023-06-3013924955core:LandBuildings2022-02-182023-06-3013924955core:PlantMachinery2022-02-182023-06-3013924955core:Vehicles2022-02-182023-06-3013924955core:FurnitureFittings2022-02-182023-06-3013924955core:OfficeEquipment2022-02-182023-06-3013924955dpl:AdministrativeExpenses2022-02-182023-06-3013924955core:NetGoodwill2022-02-182023-06-3013924955core:IntangibleAssetsOtherThanGoodwill2022-02-182023-06-3013924955dpl:GroupUndertakings2022-02-182023-06-3013924955dpl:ParticipatingInterests2022-02-182023-06-3013924955dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-182023-06-3013924955core:ListedExchangeTraded2022-02-182023-06-3013924955dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-182023-06-3013924955core:UnlistedNon-exchangeTraded2022-02-182023-06-3013924955dpl:CostSales2022-02-172022-02-1713924955dpl:DistributionCosts2022-02-172022-02-1713924955core:LandBuildings2022-02-172022-02-1713924955core:PlantMachinery2022-02-172022-02-1713924955core:Vehicles2022-02-172022-02-1713924955core:FurnitureFittings2022-02-172022-02-1713924955core:OfficeEquipment2022-02-172022-02-1713924955dpl:AdministrativeExpenses2022-02-172022-02-1713924955core:NetGoodwill2022-02-172022-02-1713924955core:IntangibleAssetsOtherThanGoodwill2022-02-172022-02-1713924955dpl:GroupUndertakings2022-02-172022-02-1713924955dpl:ParticipatingInterests2022-02-172022-02-1713924955dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-172022-02-1713924955core:ListedExchangeTraded2022-02-172022-02-1713924955dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-172022-02-1713924955core:UnlistedNon-exchangeTraded2022-02-172022-02-1713924955core:NetGoodwill2023-06-3013924955core:IntangibleAssetsOtherThanGoodwill2023-06-3013924955core:LandBuildings2023-06-3013924955core:PlantMachinery2023-06-3013924955core:Vehicles2023-06-3013924955core:FurnitureFittings2023-06-3013924955core:OfficeEquipment2023-06-3013924955core:AfterOneYear2023-06-3013924955core:WithinOneYear2023-06-3013924955core:ListedExchangeTraded2023-06-3013924955core:UnlistedNon-exchangeTraded2023-06-3013924955core:ShareCapital2023-06-3013924955core:SharePremium2023-06-3013924955core:RevaluationReserve2023-06-3013924955core:OtherReservesSubtotal2023-06-3013924955core:RetainedEarningsAccumulatedLosses2023-06-3013924955core:NetGoodwill2022-02-1713924955core:IntangibleAssetsOtherThanGoodwill2022-02-1713924955core:LandBuildings2022-02-1713924955core:PlantMachinery2022-02-1713924955core:Vehicles2022-02-1713924955core:FurnitureFittings2022-02-1713924955core:OfficeEquipment2022-02-1713924955core:AfterOneYear2022-02-1713924955core:WithinOneYear2022-02-1713924955core:ListedExchangeTraded2022-02-1713924955core:UnlistedNon-exchangeTraded2022-02-1713924955core:ShareCapital2022-02-1713924955core:SharePremium2022-02-1713924955core:RevaluationReserve2022-02-1713924955core:OtherReservesSubtotal2022-02-1713924955core:RetainedEarningsAccumulatedLosses2022-02-1713924955core:NetGoodwill2022-02-1713924955core:IntangibleAssetsOtherThanGoodwill2022-02-1713924955core:LandBuildings2022-02-1713924955core:PlantMachinery2022-02-1713924955core:Vehicles2022-02-1713924955core:FurnitureFittings2022-02-1713924955core:OfficeEquipment2022-02-1713924955core:AfterOneYear2022-02-1713924955core:WithinOneYear2022-02-1713924955core:ListedExchangeTraded2022-02-1713924955core:UnlistedNon-exchangeTraded2022-02-1713924955core:ShareCapital2022-02-1713924955core:SharePremium2022-02-1713924955core:RevaluationReserve2022-02-1713924955core:OtherReservesSubtotal2022-02-1713924955core:RetainedEarningsAccumulatedLosses2022-02-1713924955core:AfterOneYear2022-02-182023-06-3013924955core:WithinOneYear2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:CostValuation2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-02-182023-06-3013924955core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3013924955core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3013924955core:Non-currentFinancialInstrumentscore:CostValuation2022-02-1713924955core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-02-1713924955core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-02-1713924955core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-02-1713924955core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-02-1713924955core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-02-1713924955core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-02-1713924955core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-02-1713924955core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-02-1713924955bus:Director12022-02-182023-06-3013924955bus:Director22022-02-182023-06-30

SYSTON SUB LTD

Registered Number
13924955
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2023

SYSTON SUB LTD
Company Information
for the period from 18 February 2022 to 30 June 2023

Directors

KANJI, Rahim
VAIYA, Alnasir Fatehali

Registered Address

1284a Melton Road
Syston
Leicester
LE7 2HD

Registered Number

13924955 (England and Wales)
SYSTON SUB LTD
Balance Sheet as at
30 June 2023

Notes

2023

£

£

Current assets
Stocks82,455
Debtors936,164
Cash at bank and on hand2,034
40,653
Creditors amounts falling due within one year10(37,172)
Net current assets (liabilities)3,481
Total assets less current liabilities3,481
Net assets3,481
Capital and reserves
Called up share capital100
Profit and loss account3,381
Shareholders' funds3,481
The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2023, and are signed on its behalf by:
KANJI, Rahim
Director
VAIYA, Alnasir Fatehali
Director

Registered Company No. 13924955
SYSTON SUB LTD
Notes to the Financial Statements
for the period ended 30 June 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.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

2023
Average number of employees during the year9
6.Description of nature of transactions and balances with related parties
At the year-end, Amounts owed by/to group undertakings balance include £600 due to Ravka369 Ltd and £800 due to Cheapside LE1 Ltd and £3,754 due from ST Nicholas Sub Ltd and £100 due from Vaikan Ltd and £1,806 due from Worksop Sub2 Ltd and £1,500 due from Loughborough Rushes Limited and £1,600 due from Loughborough Market Ltd and £16,675 due from Ravka Ltd, where Mr. R Kanji is also director of those companies.
7.Directors advances, credits and guarantees
Included in other creditors is an amount of £393 relates to the directors' loan account Mr R Kanji.
8.Stocks

2023

£
Raw materials and consumables2,455
Total2,455
9.Debtors

2023

£
Amounts owed by group undertakings25,435
Other debtors10,261
Prepayments and accrued income468
Total36,164
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.
10.Creditors within one year

2023

£
Trade creditors / trade payables11,703
Amounts owed to related parties1,400
Taxation and social security16,934
Other creditors3,007
Accrued liabilities and deferred income4,128
Total37,172
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.