Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01No description of principal activity22falsetruefalse 11575326 2023-04-01 2024-03-31 11575326 2022-04-01 2023-03-31 11575326 2024-03-31 11575326 2023-03-31 11575326 c:Director1 2023-04-01 2024-03-31 11575326 d:CurrentFinancialInstruments 2024-03-31 11575326 d:CurrentFinancialInstruments 2023-03-31 11575326 d:Non-currentFinancialInstruments 2024-03-31 11575326 d:Non-currentFinancialInstruments 2023-03-31 11575326 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11575326 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11575326 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11575326 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11575326 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11575326 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11575326 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11575326 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11575326 d:ShareCapital 2024-03-31 11575326 d:ShareCapital 2023-03-31 11575326 d:RetainedEarningsAccumulatedLosses 2024-03-31 11575326 d:RetainedEarningsAccumulatedLosses 2023-03-31 11575326 c:FRS102 2023-04-01 2024-03-31 11575326 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11575326 c:FullAccounts 2023-04-01 2024-03-31 11575326 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11575326 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11575326









SFL PROPERTIES & INVESTMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SFL PROPERTIES & INVESTMENTS LTD
REGISTERED NUMBER: 11575326

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,948,205
7,053,423

Cash at bank and in hand
 5 
64,730
194,106

  
7,012,935
7,247,529

Creditors: amounts falling due within one year
 6 
(6,662,023)
(7,021,841)

Net current assets
  
 
 
350,912
 
 
225,688

Total assets less current liabilities
  
350,912
225,688

Creditors: amounts falling due after more than one year
 7 
(8,765)
(17,284)

  

Net assets
  
342,147
208,404


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
342,047
208,304

  
342,147
208,404


Page 1

 
SFL PROPERTIES & INVESTMENTS LTD
REGISTERED NUMBER: 11575326
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E Houri
Director

Date: 10 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SFL PROPERTIES & INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

SFL Properties & Investments Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Suite 110, Carrington House 6 Hertford Street, London, W1J 7RE.
The company's principal activity is that of provision of finance.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
SFL PROPERTIES & INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Trade debtors
58,205
378,423

Amounts owed by connected companies
6,890,000
6,425,000

Other debtors
-
250,000

6,948,205
7,053,423



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
64,730
194,106

64,730
194,106



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,519
8,519

Other loans
6,445,000
6,605,000

Corporation tax
44,572
13,089

Other creditors
100,000
345,000

Accruals and deferred income
63,932
50,233

6,662,023
7,021,841


Page 4

 
SFL PROPERTIES & INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,765
17,284

8,765
17,284



8.


Bank Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,519
8,519


8,519
8,519

Amounts falling due 1-2 years

Bank loans
8,519
8,519


8,519
8,519

Amounts falling due 2-5 years

Bank loans
246
8,765


246
8,765


17,284
25,803



9.


Related party transactions

At 31 March 2024, the company was owed £5,915,000 (2023: £5,665,000) from companies with common directorships. 

 
Page 5