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REGISTERED NUMBER: 10285179 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

S10 ESTATES LTD

S10 ESTATES LTD (REGISTERED NUMBER: 10285179)






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


S10 ESTATES LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: A S Nasser
N S Nasser





REGISTERED OFFICE: 35 Pickmere Road
Sheffield
S10 1GY





REGISTERED NUMBER: 10285179 (England and Wales)





ACCOUNTANTS: Hodgson & Oldfield
20 Paradise Square
Sheffield
S1 2DE

S10 ESTATES LTD (REGISTERED NUMBER: 10285179)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 18
Investment property 5 320,000 320,000
320,000 320,018

CURRENT ASSETS
Debtors 6 204 102
Cash at bank 20,511 20,934
20,715 21,036
CREDITORS
Amounts falling due within one year 7 262,920 269,203
NET CURRENT LIABILITIES (242,205 ) (248,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,795

71,851

PROVISIONS FOR LIABILITIES 15,618 11,874
NET ASSETS 62,177 59,977

CAPITAL AND RESERVES
Called up share capital 50 50
Fair value reserve 8 50,604 50,604
Retained earnings 11,523 9,323
62,177 59,977

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.

S10 ESTATES LTD (REGISTERED NUMBER: 10285179)

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 30 July 2024 and were signed on its behalf by:





A S Nasser - Director


S10 ESTATES LTD (REGISTERED NUMBER: 10285179)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

S10 Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration of rental income received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
In accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland " investment properties are revalued annually and the aggregate surplus or deficit after taxation is transferred to a fair value reserve. The Directors consider that this accounting policy results in the financial statements giving a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise been shown cannot be separately identified or quantified.

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.


S10 ESTATES LTD (REGISTERED NUMBER: 10285179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 1,936
DEPRECIATION
At 1 August 2022 1,918
Charge for year 18
At 31 July 2023 1,936
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 18

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 320,000
NET BOOK VALUE
At 31 July 2023 320,000
At 31 July 2022 320,000

S10 ESTATES LTD (REGISTERED NUMBER: 10285179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2017 2,814
Valuation in 2019 660
Valuation in 2021 24,000
Valuation in 2022 35,000
Cost 257,526
320,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 257,526 257,526

The investment properties were valued on an open market basis on 31 July 2023 by A Nasser, director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 204 102

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 3,567 1,699
Other creditors 259,353 267,504
262,920 269,203

8. RESERVES
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 50,604

S10 ESTATES LTD (REGISTERED NUMBER: 10285179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

9. RELATED PARTY DISCLOSURES

The amounts due by the company to the directors at the year end date were as follows:

Mr A S Nasser £129,078 (2022: £133,460)
Mr N S Nasser £129,027 (2022: £133,420)

The directors were not indebted to the company at any time during the year.

The loans are repayable on demand and do not bear interest.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.