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REGISTERED NUMBER: 12075301 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

S B & SONS PROPERTY DEVELOPMENT LIMITED

S B & SONS PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 12075301)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024










Page

Statement of financial position 1 to 2

Notes to the financial statements 3 to 5


S B & SONS PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 12075301)

STATEMENT OF FINANCIAL POSITION
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Investment property 4 105,723 105,723

CURRENT ASSETS
Debtors 5 4,361 2,207
Cash at bank 76,620 76,012
80,981 78,219
CREDITORS
Amounts falling due within one year 6 (79,882 ) (80,096 )
NET CURRENT ASSETS/(LIABILITIES) 1,099 (1,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,822

103,846

CREDITORS
Amounts falling due after more than one
year

7

(79,000

)

(79,000

)
NET ASSETS 27,822 24,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,722 24,746
27,822 24,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

S B & SONS PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 12075301)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


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 director and authorised for issue on 13 September 2024 and were signed by:





S Bickerton - Director


S B & SONS PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 12075301)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

S B & Sons Property Development 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: 12075301

Registered office: C/O D P C
Stone House
55 Stone Road Business Park
Stoke-On-Trent
ST4 6SR

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances. The judgements that
management has made in the process of applying the entity's accounting policies and that have
the most significant effect on the amounts recognised in the financial statements are as follows:

(i) Valuation of investment property

Investment property is stated in the balance sheet at fair value based on the valuation performed by the directors.

Revenue recognition
Turnover is measured at the fair value of the rent received or receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

S B & SONS PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 12075301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 105,723
Net book value
At 30 June 2024 105,723
At 30 June 2023 105,723

S B & SONS PROPERTY DEVELOPMENT LIMITED (REGISTERED NUMBER: 12075301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 4,361 2,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 698 1,336
Other creditors 79,184 78,760
79,882 80,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 79,000 79,000