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REGISTERED NUMBER: SC522147 (Scotland)




















Sb One Holdings Limited

Unaudited Financial Statements

for the Period 1 June 2022 to 27 October 2023






Sb One Holdings Limited (Registered number: SC522147)






Contents of the Financial Statements
for the Period 1 June 2022 to 27 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sb One Holdings Limited

Company Information
for the Period 1 June 2022 to 27 October 2023







DIRECTOR: Mr T S Ho



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC522147 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland plc
2 Bernard Street
Edinburgh
EH6 6PU

Sb One Holdings Limited (Registered number: SC522147)

Balance Sheet
27 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 155,000

CURRENT ASSETS
Debtors 5 205,180 -
Cash at bank 145 15,086
205,325 15,086
CREDITORS
Amounts falling due within one year 6 105,129 56,328
NET CURRENT ASSETS/(LIABILITIES) 100,196 (41,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,196

113,758

CAPITAL AND RESERVES
Called up share capital 100,100 100,100
Fair value reserve 7 - 5,000
Retained earnings 7 96 8,658
100,196 113,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sb One Holdings Limited (Registered number: SC522147)

Balance Sheet - continued
27 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2024 and were signed by:





Mr T S Ho - Director


Sb One Holdings Limited (Registered number: SC522147)

Notes to the Financial Statements
for the Period 1 June 2022 to 27 October 2023

1. STATUTORY INFORMATION

Sb One Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has ceased trading and therefore the accounts have been prepared on a break-up basis.

Turnover
Turnover is represented by rental income excluding value added tax and is recognised based on rent due in accordance with the respective rent agreement.

Investment property
Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value is recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

This is in accordance with FRS 102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Sb One Holdings Limited (Registered number: SC522147)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 27 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 155,000
Disposals (155,000 )
At 27 October 2023 -
NET BOOK VALUE
At 27 October 2023 -
At 31 May 2022 155,000

The investment property was sold on an open market on 27 October 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 205,180 -

Sb One Holdings Limited (Registered number: SC522147)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 27 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,133 2,027
Other creditors 97,996 54,301
105,129 56,328

The director's current account is unsecured, interest free and has no fixed repayment period.

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2022 8,658 5,000 13,658
Profit for the period 25,960 25,960
Dividends (39,522 ) (39,522 )
Disposal 5,000 (5,000 ) -
At 27 October 2023 96 - 96