1 December 2022 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP060031452022-12-012023-11-30060031452023-11-30060031452022-11-3006003145core:WithinOneYear2023-11-3006003145core:WithinOneYear2022-11-3006003145core:AfterOneYear2022-11-3006003145core:ShareCapital2023-11-3006003145core:ShareCapital2022-11-3006003145core:RevaluationReserve2023-11-3006003145core:RetainedEarningsAccumulatedLosses2023-11-3006003145core:RetainedEarningsAccumulatedLosses2022-11-3006003145bus:Director12022-12-012023-11-3006003145bus:RegisteredOffice2022-12-012023-11-3006003145core:LandBuildings2022-12-012023-11-3006003145core:LandBuildings2022-12-0106003145core:LandBuildings2023-11-3006003145core:LandBuildings2022-11-300600314512022-12-012023-11-30060031452021-12-012022-11-3006003145countries:EnglandWales2022-12-012023-11-3006003145bus:AuditExemptWithAccountantsReport2022-12-012023-11-3006003145bus:PrivateLimitedCompanyLtd2022-12-012023-11-3006003145bus:SmallEntities2022-12-012023-11-3006003145bus:FullAccounts2022-12-012023-11-30
Company registration number:
06003145
Sanibel Property Ltd
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Sanibel Property Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Sanibel Property Ltd
Year ended
30 November 2023
As described on the statement of financial position, the Board of Directors of
Sanibel Property Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 November 2023
, which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Ovenden Bookkeeping & Accounting Services Ltd
21 Burr Close
Ramsey
HARWICH
Essex
CO12 5EN
United Kingdom
Date:
15 August 2024
Sanibel Property Ltd
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
131,000
 
225,500
 
Current assets    
Debtors 6
(250
)
647
 
Cash at bank and in hand
2,799
 
1,687
 
2,549
 
2,334
 
Creditors: amounts falling due within one year 7
(42,528
)
(9,453
)
Net current liabilities
(39,979
)
(7,119
)
Total assets less current liabilities 91,021   218,381  
Creditors: amounts falling due after more than one year 8 -  
(170,586
)
Net assets
91,021
 
47,795
 
Capital and reserves    
Called up share capital
2
 
2
 
Revaluation reserve
25,500
  -  
Profit and loss account
65,519
 
47,793
 
Shareholders funds
91,021
 
47,795
 
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 August 2024
, and are signed on behalf of the board by:
Mr Stephen Wooldridge
Director
Company registration number:
06003145
Sanibel Property Ltd
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Sanibel
,
Wrabness Road
,
Ramsey
,
Essex
,
CO12 5NJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
No Depreciation Charge

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Tangible assets

Land and buildings
£
Cost or valuation  
At
1 December 2022
225,500
 
Disposals
(120,000
)
Revaluations
25,500
 
At
30 November 2023
131,000
 
Depreciation  
At
1 December 2022
and
30 November 2023
-  
Carrying amount  
At
30 November 2023
131,000
 
At 30 November 2022
225,500
 

6 Debtors

20232022
££
Other debtors
(250
)
647
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
50
 
1,100
 
Taxation and social security -  
853
 
Other creditors
42,478
 
7,500
 
42,528
 
9,453
 

8 Creditors: amounts falling due after more than one year

20232022
££
Other creditors -  
170,586