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Sebastian's Property Empire Limited
Registered Number:11046525
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Sebastian's Property Empire Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11046525
As at 30 November 2023
Sebastian's Property Empire Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,876,787
1,169,701
2
2,876,787
1,169,701
Current assets
Trade and other receivables
739,340
45,444
3
60,183
Cash and cash equivalents
39,055
84,499
799,523
Trade and other payables: amounts falling due within one year
(1,223,079)
(1,293,534)
4
(423,556)
(1,209,035)
Net current liabilities
Total assets less current liabilities
1,667,752
746,145
Trade and other payables: amounts falling due after more than
one year
(842,926)
(1,779,924)
5
(112,172)
Net liabilities
(96,781)
Capital and reserves
Called up share capital
100
100
Retained earnings
(112,272)
(96,881)
(112,172)
(96,781)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Bujar Veliu Director
Mrs Malgorzata Veliu Director
These financial statements were approved and authorised for issue by the Board on 15 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2023
Sebastian's Property Empire Limited
Notes to the Financial Statements
Statutory Information
Sebastian's Property Empire Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
11046525.
Registered address:
Unit 3
2 Goswell Hill
Windsor
Berkshire
SL4 1RH
The presentation currency is £ sterling.
These accounts have been prepared on a Going Concern basis. This basis is continued appropriate as the Company has the ongoing support
of its directors.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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
25% Reducing balance
Computer Equipment
Going Concern
The financial statements have been prepared on a going concern basis. This basis is considered appropriate as the company has the
ongoing support of its directors.
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or valuation
At 01 December 2022
1,173,125
2,197
5,628
1,165,300
1,708,885
2,798
-
1,706,087
Additions
At 30 November 2023
2,871,387
5,628
4,995
2,882,010
Provision for depreciation and impairment
At 01 December 2022
3,424
962
2,462
-
Charge for year
1,799
1,007
792
-
At 30 November 2023
5,223
1,969
3,254
-
At 30 November 2023
Net book value
2,871,387
2,374
3,026
2,876,787
At 30 November 2022
1,165,300
3,166
1,235
1,169,701
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5
For the year ended 30 November 2023
Sebastian's Property Empire Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Other debtors
45,444
739,340
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
82,945
-
Trade creditors
36
36
Other creditors
1,210,553
1,223,043
1,293,534
1,223,079
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
1,779,924
842,926
At 30th November 2023, Sebastian's Property Empire had outstanding mortgages amounting to £1,862,869 due to Charter Court Financial Services Limited (TA Precise Mortgages). These mortgages are covered by fixed charges and negative pledges over the assets of the company.
6. Average number of persons employed
During the year the average number of employees was 0
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