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Registered number: 13771070
Sigtech Investments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
VIBAS Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 13771070
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 235,000 90,794
235,000 90,794
CURRENT ASSETS
Cash at bank and in hand 3,935 27,952
3,935 27,952
Creditors: Amounts Falling Due Within One Year (214,652 ) (155,500 )
NET CURRENT ASSETS (LIABILITIES) (210,717 ) (127,548 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,283 (36,754 )
Creditors: Amounts Falling Due After More Than One Year (176,250 ) -
NET LIABILITIES (151,967 ) (36,754 )
CAPITAL AND RESERVES
Called up share capital 5 10 -
Profit and Loss Account (151,977 ) (36,754 )
SHAREHOLDERS' FUNDS (151,967) (36,754)
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Pradeep Kumar Nandigama
Director
27/08/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sigtech Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13771070 . The registered office is 15 Norway Maple Avenue, Manchester, Lancashire, M9 7GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: )
2 -
4. Investment Property
2023
£
Fair Value
As at 1 December 2022 90,794
Additions 144,206
As at 30 November 2023 235,000
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 -
Page 3