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Company Registration No. SC702026 (Scotland)
SBF Residential Ltd Unaudited accounts for the year ended 30 June 2024
SBF Residential Ltd Unaudited accounts Contents
Page
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SBF Residential Ltd Company Information for the year ended 30 June 2024
Directors
Stella Sichi Colin Beck
Company Number
SC702026 (Scotland)
Registered Office
250 Blairtummock Road Glasgow G33 4ED
Accountants
Lynsey Murray 22 Bluebell Drive Glasgow G77 6FN
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SBF Residential Ltd for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SBF Residential Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Lynsey Murray Member in Practice 22 Bluebell Drive Glasgow G77 6FN 13 September 2024
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SBF Residential Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
123,037 
Current assets
Cash at bank and in hand
61,698 
5,652 
Creditors: amounts falling due within one year
(5,286)
(444)
Net current assets
56,412 
5,208 
Total assets less current liabilities
56,412 
128,245 
Creditors: amounts falling due after more than one year
- 
(129,502)
Net assets/(liabilities)
56,412 
(1,257)
Capital and reserves
Called up share capital
(2)
(2)
Profit and loss account
56,414 
(1,255)
Shareholders' funds
56,412 
(1,257)
For the year ending 30 June 2024 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 16 September 2024 and were signed on its behalf by
Stella Sichi Director Company Registration No. SC702026
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SBF Residential Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
SBF Residential Ltd is a private company, limited by shares, registered in Scotland, registration number SC702026. The registered office is 250 Blairtummock Road, Glasgow, G33 4ED.
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:
Land & buildings
2%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 July 2023
127,500 
Disposals
(123,037)
At 30 June 2024
4,463 
Depreciation
At 1 July 2023
4,463 
At 30 June 2024
4,463 
Net book value
At 30 June 2024
- 
At 30 June 2023
123,037 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,286 
444 
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SBF Residential Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
127,502 
Loans from directors
- 
2,000 
- 
129,502 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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