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Company Registration No. 07841210 (England and Wales)
SIPP Property Investments 2 TG Ltd Unaudited accounts for the year ended 30 November 2023
SIPP Property Investments 2 TG Ltd Unaudited accounts Contents
Page
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SIPP Property Investments 2 TG Ltd Company Information for the year ended 30 November 2023
Directors
David Sloan Luke Sloan
Company Number
07841210 (England and Wales)
Registered Office
25 Barons Close Llantwit Major CF61 1TD
Accountants
Nathan Evans Limited 16 Cambrian Way Marshfield Cardiff CF3 2WB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SIPP Property Investments 2 TG Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SIPP Property Investments 2 TG Ltd for the year ended 30 November 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited Chartered Accountants 16 Cambrian Way Marshfield Cardiff CF3 2WB 14 August 2024
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SIPP Property Investments 2 TG Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,200,000 
1,200,000 
Current assets
Debtors
106,967 
7,610 
Cash at bank and in hand
15,073 
22,525 
122,040 
30,135 
Creditors: amounts falling due within one year
(375,496)
(302,500)
Net current liabilities
(253,456)
(272,365)
Total assets less current liabilities
946,544 
927,635 
Creditors: amounts falling due after more than one year
(14,500)
(21,750)
Net assets
932,044 
905,885 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
875,000 
875,000 
Profit and loss account
56,944 
30,785 
Shareholders' funds
932,044 
905,885 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Luke Sloan Director Company Registration No. 07841210
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SIPP Property Investments 2 TG Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
SIPP Property Investments 2 TG Ltd is a private company, limited by shares, registered in England and Wales, registration number 07841210. The registered office is 25 Barons Close, Llantwit Major, CF61 1TD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Fixtures & fittings
3 years straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
1,200,000 
58,650 
36,246 
1,294,896 
At 30 November 2023
1,200,000 
58,650 
36,246 
1,294,896 
Depreciation
At 1 December 2022
- 
58,650 
36,246 
94,896 
At 30 November 2023
- 
58,650 
36,246 
94,896 
Net book value
At 30 November 2023
1,200,000 
- 
- 
1,200,000 
At 30 November 2022
1,200,000 
- 
- 
1,200,000 
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SIPP Property Investments 2 TG Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
106,967 
7,610 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,250 
7,250 
Trade creditors
1,584 
1,771 
Taxes and social security
9,291 
3,843 
Other creditors
- 
837 
Loans from directors
265,787 
287,359 
Accruals
1,584 
1,440 
Deferred income
90,000 
- 
375,496 
302,500 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,500 
21,750 
8
Transactions with related parties
The company was under the control of Mr David Sloan throughout the year. Mr Sloan owns 100% of the issued share capital of the company.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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