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REGISTERED NUMBER: 11911123 (England and Wales)








SIGMA STRATEGIC LAND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SIGMA STRATEGIC LAND LIMITED (REGISTERED NUMBER: 11911123)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

SIGMA STRATEGIC LAND LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: T R Porter
G F Potton
T R Roydon
R G Smith
O M H Bonavero





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 11911123 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

SIGMA STRATEGIC LAND LIMITED (REGISTERED NUMBER: 11911123)

BALANCE SHEET
31 March 2024

2024 2023
Notes £ £
CURRENT ASSETS
Stocks 4 2,171,249 1,514,624
Debtors 5 32,208 40,944
Cash at bank 93,534 125,128
2,296,991 1,680,696
CREDITORS
Amounts falling due within one year 6 (55,567 ) (108,670 )
NET CURRENT ASSETS 2,241,424 1,572,026
TOTAL ASSETS LESS CURRENT LIABILITIES 2,241,424 1,572,026

CREDITORS
Amounts falling due after more than one year 7 (2,519,949 ) (1,819,949 )
NET LIABILITIES (278,525 ) (247,923 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (278,625 ) (248,023 )
SHAREHOLDERS' FUNDS (278,525 ) (247,923 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:



G F Potton - Director


SIGMA STRATEGIC LAND LIMITED (REGISTERED NUMBER: 11911123)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Sigma Strategic Land Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going concern basis
The financial statements have been prepared on a going concern basis as the directors' are confident that cash flow injections can be obtained in order to ensure third party liabilities can be settled as they fall due.

Turnover
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the purchaser. Revenue comprises the fair value of consideration receivable net of discounts and value added tax. Revenue from residential property sales is recognised at contract exchange date.

Stocks
Stock and work-in-progress is valued at the lower of cost (including direct costs, directly attributable overheads and finance costs) and net realisable value. Where a project is in progress, net realisable value is assessed by considering the expected future revenues and the total costs to complete the project.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. All financial assets and liabilities are initially measured at transaction price (including transaction cost). The company has no financial assets measured at fair value through profit or loss. All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost using the effective interest rate method.

The company has no non-basic financial instruments.

SIGMA STRATEGIC LAND LIMITED (REGISTERED NUMBER: 11911123)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
2024 2023
£ £
Work-in-progress 2,171,249 1,514,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,756 -
Other debtors 25,452 40,944
32,208 40,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 46,767 82,897
Other creditors 8,800 25,773
55,567 108,670

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 2,519,949 1,819,949

Amounts owed to group undertakings comprise amounts due to SCOP 2003 Investments Limited, the immediate parent company. The loan is interest free and is repayable in full on 31 May 2026.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The SCOP 2003 Trust, registered in Switzerland, has been the ultimate controlling party for the duration of the
accounting period.

10. IMMEDIATE PARENT COMPANY

The immediate parent company is SCOP 2003 Investments Limited, a company registered in The Isle of Man.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SIGMA STRATEGIC LAND LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sigma Strategic Land Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sigma Strategic Land Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sigma Strategic Land Limited and state those matters that we have agreed to state to the Board of Directors of Sigma Strategic Land Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sigma Strategic Land Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sigma Strategic Land Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sigma Strategic Land Limited. You consider that Sigma Strategic Land Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sigma Strategic Land Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors which obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


15 August 2024