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Registered Number: 11978133


 

 

 

SINGPATH PROPERTIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 583,753    308,449 
Investments 4 185,011    175,011 
768,764    483,460 
Current assets      
Debtors 3,718    3,227 
Cash at bank and in hand 1,827    1,307 
5,545    4,534 
Creditors: amount falling due within one year (574)   (694)
Net current assets 4,971    3,840 
 
Total assets less current liabilities 773,735    487,300 
Net assets 773,735    487,300 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 773,635    487,200 
Shareholders' funds 773,735    487,300 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 13 August 2024 and were signed on its behalf by:


-------------------------------
James Sington
Director
1
General Information
Singpath Properties Ltd is a private company, limited by shares, registered in , registration number 11978133, registration address Foxgrove Rectory Road, East Carleton, Norwich, Norfolk, NR14 8HT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Investment properties   Total
  £   £   £   £
At 01 April 2023 949    1,135    307,513    309,597 
Additions     275,487    275,487 
Disposals      
At 31 March 2024 949    1,135    583,000    585,084 
Depreciation
At 01 April 2023 451    696      1,147 
Charge for year 75    109      184 
On disposals      
At 31 March 2024 526    805      1,331 
Net book values
Closing balance as at 31 March 2024 423    330    583,000    583,753 
Opening balance as at 01 April 2023 498    438    307,513    308,449 


4.

Investments

Cost Other investments other than loans   Investments in group undertakings   Total
  £   £   £
At 01 April 2023 175,000    11    175,011 
Additions 10,000      10,000 
Transfer to/from tangible fixed assets    
Disposals    
At 31 March 2024 185,000    11    185,011 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2