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REGISTERED NUMBER: 06163738 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sirgan Property Investments Limited

Sirgan Property Investments Limited (Registered number: 06163738)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sirgan Property Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D A Nairn





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle, Chelmsford
Essex
CM1 3WT





REGISTERED NUMBER: 06163738 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Sirgan Property Investments Limited (Registered number: 06163738)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 640,000 660,000
640,001 660,001

CURRENT ASSETS
Debtors 6 24,381 81,302
Cash at bank 29,687 2,992
54,068 84,294
CREDITORS
Amounts falling due within one year 7 50,641 47,202
NET CURRENT ASSETS 3,427 37,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,428

697,093

CREDITORS
Amounts falling due after more than one
year

8

(466,616

)

(508,509

)

PROVISIONS FOR LIABILITIES (17,500 ) (22,500 )
NET ASSETS 159,312 166,084

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 133,637 148,637
Retained earnings 25,575 17,347
SHAREHOLDERS' FUNDS 159,312 166,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sirgan Property Investments Limited (Registered number: 06163738)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 25 September 2024 and were signed by:





D A Nairn - Director


Sirgan Property Investments Limited (Registered number: 06163738)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sirgan Property Investments 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.

The company is part of a group.

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 as modified by the revaluation of certain assets.

Investment property
The investment properties are included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Sirgan Property Investments Limited (Registered number: 06163738)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities are also measured at transaction price since the difference between this and the amortised cost basis is not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 January 2023
and 31 December 2023 1

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023 660,000
Revaluations (20,000 )
At 31 December 2023 640,000
NET BOOK VALUE
At 31 December 2023 640,000
At 31 December 2022 660,000

Cost or valuation at 31 December 2023 is represented by:
£   
Valuation in 2020 27,125
Valuation in 2021 104,011
Valuation in 2022 40,000
Valuation in 2023 (20,000 )
Cost 488,864
640,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 488,864 488,864

The investment properties were valued on an open market basis on 31 December 2023 by the Director .

Sirgan Property Investments Limited (Registered number: 06163738)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 24,381 81,302

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 50,641 47,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts due to group undertakings 466,616 508,509

9. ULTIMATE CONTROLLING PARTY

The company is 100% owned by Sirgan Consultants Ltd (company number 05461327) , whose registered office address is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, CM1 3WT.