Company Registration No. 14304218 (England and Wales)
SI And Sons Properties Limited
Accounts
for the period from 18 August 2022 to 31 January 2024
SI And Sons Properties Limited
Accounts
Contents
SI And Sons Properties Limited
Company Information
for the period from 18 August 2022 to 31 January 2024
Directors
Mr Sajawal Khan
Mrs Israr Khan
Company Number
14304218 (England and Wales)
Registered Office
2 Westfield Terrace
Wakefield
West Yorkshire
WF1 3RD
Accountants
CGI Accountants Ltd
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
SI And Sons Properties Limited
Statement of financial position
as at 31 January 2024
Investment property
7,890,877
Cash at bank and in hand
106,273
Creditors: amounts falling due within one year
(53,242)
Total assets less current liabilities
7,943,908
Creditors: amounts falling due after more than one year
(92,579)
Called up share capital
100
Profit and loss account
164,229
Shareholders' funds
7,851,329
For the period ending 31 January 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 13 September 2024 and were signed on its behalf by
Mr Sajawal Khan
Director
Company Registration No. 14304218
SI And Sons Properties Limited
Notes to the Accounts
for the period from 18 August 2022 to 31 January 2024
SI And Sons Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 14304218. The registered office is 2 Westfield Terrace, Wakefield, West Yorkshire, WF1 3RD.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
At 31 January 2024
7,890,877
5
Creditors: amounts falling due within one year
2024
Taxes and social security
46,442
6
Creditors: amounts falling due after more than one year
2024
Loans from directors
92,579
SI And Sons Properties Limited
Notes to the Accounts
for the period from 18 August 2022 to 31 January 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
-
119,898
27,319
92,579
During the year the Company entered into the above advances and credits with the Director.
The outstanding balance owed is unsecured, interest free and can be repayable on demand.
8
Average number of employees
During the period the average number of employees was 6.