SISCO CAPITAL ASSETS LTD

Company Registration Number:
10434956 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SISCO CAPITAL ASSETS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SISCO CAPITAL ASSETS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,070,172 1,084,915
Total fixed assets: 1,070,172 1,084,915
Current assets
Debtors:   0 36,591
Cash at bank and in hand: 333 18,294
Total current assets: 333 54,885
Creditors: amounts falling due within one year:   (405,342) (432,774)
Net current assets (liabilities): (405,009) (377,889)
Total assets less current liabilities: 665,163 707,026
Creditors: amounts falling due after more than one year:   (39,490) (46,128)
Total net assets (liabilities): 625,673 660,898
Capital and reserves
Called up share capital: 437,428 437,428
Other reserves: 128,000 128,000
Profit and loss account: 60,245 95,470
Shareholders funds: 625,673 660,898

The notes form part of these financial statements

SISCO CAPITAL ASSETS LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: Simon Scotchbrook
Status: Director

The notes form part of these financial statements

SISCO CAPITAL ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 4 years Fixtures, fittings, tools and equipment over 3 years

SISCO CAPITAL ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

SISCO CAPITAL ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,209,299
Additions 7,393
At 31 December 2023 1,216,692
Depreciation
At 01 January 2023 124,384
Charge for year 179
Other adjustments 21,957
At 31 December 2023 146,520
Net book value
At 31 December 2023 1,070,172
At 31 December 2022 1,084,915