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REGISTERED NUMBER: 13612257 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SISU CENTRAL SERVICES LIMITED

SISU CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 13612257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


SISU CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 13612257)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,090 1,990

CURRENT ASSETS
Debtors 5 167,343 10
Cash at bank 182,174 198,983
349,517 198,993
CREDITORS
Amounts falling due within one year 6 293,069 -
NET CURRENT ASSETS 56,448 198,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,538

200,983

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 56,538 198,983
58,538 200,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





R Dobson - Director


SISU CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 13612257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

SISU Central Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13612257

Registered office: Royal House Office 2.08
110 Station Parade
Harrogate
North Yorkshire
HG1 1EP

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

Going concern
The financial statements have been prepared on the basis that the company can continue to operate as a going concern.

The directors are of the opinion, based on forecasts prepared and sufficient cash reserves, that the company has adequate working capital to execute its operations over the next 12 months.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


SISU CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 13612257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share-based payments
Where share options are awarded to employees, the fair value of the options at the date of grant is charged
to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting
the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the
cumulative amount recognised over the vesting period is based on the number of options that eventually vest.

Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is
not adjusted for failure to achieve a market vesting condition.

The fair value of the award also takes into account non-vesting conditions. These are either factors beyond
the control of either party (such as a target based on an index) or factors which are within the control of one
or other of the parties (such as the company keeping the scheme open or the employee maintaining any
contributions required by the scheme).

Where the terms and conditions of options are modified before they vest, the increase in the fair value of the
options, measured immediately before and after the modification, is also charged to profit or loss over the
remaining vesting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SISU CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 13612257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 1,990
Additions 100
At 31 December 2023 2,090
NET BOOK VALUE
At 31 December 2023 2,090
At 31 December 2022 1,990

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Brownlee Cale Limited
Registered office: Royal House Office 2.08, 110 Station Parade, Harrogate, HG1 1EP
Nature of business: Temporary employment agency
%
Class of shares: holding
Ordinary 100.00

Mining Competence & Advisory Ltd
Registered office: Royal House Office 2.08, 110 Station Parade, Harrogate, HG1 1EP
Nature of business: Support activities for mining and quarrying
%
Class of shares: holding
Ordinary 100.00

Magnus Civil Engineering Ltd
Registered office: Royal House Office 2.08, 110 Station Parade, Harrogate, HG1 1EP
Nature of business: Civil engineering people solutions
%
Class of shares: holding
Ordinary 100.00

During the year the company made an investment in Magnus Civil Engineering Ltd acquiring 60 Ordinary A, 20 Ordinary B and 20 Ordinary C shares of £1 each.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 139 -
Amounts owed by group undertakings 18,736 -
Other debtors 10 10
Directors' loan accounts 45,912 -
Tax 1,081 -
Loans 101,465 -
167,343 10

SISU CENTRAL SERVICES LIMITED (REGISTERED NUMBER: 13612257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 291,569 -
Accruals and deferred income 1,500 -
293,069 -

7. CALLED UP SHARE CAPITAL

At the reporting date issued, allocated and paid up share capital:
Ordinary A shares - 8,000 £0.10
Ordinary B shares - 2,000 £0.10
Ordinary C shares - 8,000 £0.10
Ordinary D shares - 2,000 £0.10

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a director was advanced a sum of £45,912 (2022: £nil). The balance owed by the directors at the year end is £45,912 (2022: £nil). Interest of £912 (2022: £nil) has been charged on this loan at the HMRC official rate.

9. EQUITY SETTLED SHARE BASED PAYMENT

On 30 May 2023, the company granted EMI options over 3,256 of its E Ordinary shares in total to three employees. One employee who had options over 465 E ordinary shares left during the year, leaving options over 2,791 E Ordinary share to two employees available to be exercised as at 31 December 2023.

The options can be exercised by the employees until 30 May 2033, unless the company is sold. If the options are not exercised before their 10th anniversary they will lapse. They will also lapse if the employee leaves.

The total expense recognised through the profit and loss account in the year to 31 December 2023 was £nil and the carrying amount at that date is £nil.