Sentry Properties Limited NI041967 false 2022-09-01 2024-02-29 2024-02-29 The principal activity of the company is sale of residential property Digita Accounts Production Advanced 6.30.9574.0 true NI041967 2022-09-01 2024-02-29 NI041967 2024-02-29 NI041967 bus:OrdinaryShareClass1 2024-02-29 NI041967 core:CurrentFinancialInstruments 2024-02-29 NI041967 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 NI041967 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 NI041967 core:OtherPropertyPlantEquipment 2024-02-29 NI041967 bus:SmallEntities 2022-09-01 2024-02-29 NI041967 bus:AuditExemptWithAccountantsReport 2022-09-01 2024-02-29 NI041967 bus:FilletedAccounts 2022-09-01 2024-02-29 NI041967 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2024-02-29 NI041967 bus:RegisteredOffice 2022-09-01 2024-02-29 NI041967 bus:Director1 2022-09-01 2024-02-29 NI041967 bus:OrdinaryShareClass1 2022-09-01 2024-02-29 NI041967 bus:PrivateLimitedCompanyLtd 2022-09-01 2024-02-29 NI041967 core:OtherPropertyPlantEquipment 2022-09-01 2024-02-29 NI041967 core:PlantMachinery 2022-09-01 2024-02-29 NI041967 countries:NorthernIreland 2022-09-01 2024-02-29 NI041967 2022-08-31 NI041967 core:OtherPropertyPlantEquipment 2022-08-31 NI041967 2021-09-01 2022-08-31 NI041967 2022-08-31 NI041967 bus:OrdinaryShareClass1 2022-08-31 NI041967 core:CurrentFinancialInstruments 2022-08-31 NI041967 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 NI041967 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 NI041967 core:OtherPropertyPlantEquipment 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI041967

Sentry Properties Limited

Unaudited Filleted Financial Statements

for the Period from 1 September 2022 to 29 February 2024

 

Sentry Properties Limited

(Registration number: NI041967)
Balance Sheet as at 29 February 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

36,048

46,511

Current assets

 

Stocks

5

9,808

2,882

Debtors

6

94,800

-

Cash at bank and in hand

 

411

129,070

 

105,019

131,952

Creditors: Amounts falling due within one year

7

(32,928)

(37,736)

Net current assets

 

72,091

94,216

Total assets less current liabilities

 

108,139

140,727

Creditors: Amounts falling due after more than one year

7

(22,068)

(30,588)

Net assets

 

86,071

110,139

Capital and reserves

 

Called up share capital

8

300

300

Retained earnings

85,771

109,839

Shareholders' funds

 

86,071

110,139

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Sentry Properties Limited

(Registration number: NI041967)
Balance Sheet as at 29 February 2024

Approved and authorised by the director on 27 August 2024
 

.........................................
Mr Francis Warwick
Director

 

Sentry Properties Limited

Notes to the Unaudited Financial Statements for the period from 1 September 2022 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 31A, Main Street, Ballyclare, BT39 9AA.

These financial statements were authorised for issue by the director on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance basis

 

Sentry Properties Limited

Notes to the Unaudited Financial Statements for the period from 1 September 2022 to 29 February 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stock and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

 

Sentry Properties Limited

Notes to the Unaudited Financial Statements for the period from 1 September 2022 to 29 February 2024

4

Tangible assets

Plant and Machinery
£

Total
£

Cost or valuation

At 1 September 2022

89,100

89,100

At 29 February 2024

89,100

89,100

Depreciation

At 1 September 2022

42,589

42,589

Charge for the period

10,463

10,463

At 29 February 2024

53,052

53,052

Carrying amount

At 29 February 2024

36,048

36,048

At 31 August 2022

46,511

46,511

5

Stock and work in progress

2024
£

2022
£

Stock and work in progress

9,808

2,882

6

Debtors

Current

2024
£

2022
£

Other debtors

94,800

-

 

94,800

-

 

Sentry Properties Limited

Notes to the Unaudited Financial Statements for the period from 1 September 2022 to 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Bank loan

10,000

10,250

Accruals

 

1,600

2,720

Other creditors

 

21,328

24,766

 

32,928

37,736

8

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

Included in other debtors is an amount of £26,017 (2022 : £22,971 creditor) due from WCC Developments Limited, a company controlled by Francis Warwick and his wife.