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REGISTERED NUMBER: 06086588 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Sylvan Property Limited

Sylvan Property Limited (Registered number: 06086588)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sylvan Property Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs J Dolman
Mr A Shields





SECRETARY: Mrs J Dolman





REGISTERED OFFICE: 253 Upper Chobham Road
Camberley
Surrey
GU15 1HB





REGISTERED NUMBER: 06086588 (England and Wales)





ACCOUNTANTS: Turner Hampton
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Sylvan Property Limited (Registered number: 06086588)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 496,321 496,321
496,321 496,321

CURRENT ASSETS
Cash at bank 1,556 1,449

CREDITORS
Amounts falling due within one year 6 (224,885 ) (205,116 )
NET CURRENT LIABILITIES (223,329 ) (203,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES 272,992 292,654

CREDITORS
Amounts falling due after more than one
year

7

(405,108

)

(405,108

)
NET LIABILITIES (132,116 ) (112,454 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (132,118 ) (112,456 )
SHAREHOLDERS' FUNDS (132,116 ) (112,454 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sylvan Property Limited (Registered number: 06086588)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:




Mrs J Dolman - Director



Mr A Shields - Director


Sylvan Property Limited (Registered number: 06086588)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Sylvan Property Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

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 year 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.

Going concern
The accounts have been prepared on a going concern basis as it is the intention of the directors to continue to financially support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

Sylvan Property Limited (Registered number: 06086588)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 1,489
DEPRECIATION
At 1 August 2022
and 31 July 2023 1,489
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 496,321
NET BOOK VALUE
At 31 July 2023 496,321
At 31 July 2022 496,321

The directors believe that the value in the accounts is a true reflection of the market value of the property as at 31 July 2023.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 224,885 205,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 405,108 405,108

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 405,108 405,108