Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07297855 Mehmet Sisman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07297855 2023-06-30 07297855 2024-06-30 07297855 2023-07-01 2024-06-30 07297855 frs-core:CurrentFinancialInstruments 2024-06-30 07297855 frs-core:Non-currentFinancialInstruments 2024-06-30 07297855 frs-core:ComputerEquipment 2024-06-30 07297855 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07297855 frs-core:ComputerEquipment 2023-06-30 07297855 frs-core:FurnitureFittings 2024-06-30 07297855 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07297855 frs-core:FurnitureFittings 2023-06-30 07297855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 07297855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07297855 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 07297855 frs-core:ShareCapital 2024-06-30 07297855 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07297855 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07297855 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07297855 frs-bus:SmallEntities 2023-07-01 2024-06-30 07297855 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07297855 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07297855 frs-bus:Director1 2023-07-01 2024-06-30 07297855 frs-countries:EnglandWales 2023-07-01 2024-06-30 07297855 2022-06-30 07297855 2023-06-30 07297855 2022-07-01 2023-06-30 07297855 frs-core:CurrentFinancialInstruments 2023-06-30 07297855 frs-core:Non-currentFinancialInstruments 2023-06-30 07297855 frs-core:ShareCapital 2023-06-30 07297855 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07297855
Sisman Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Tax Data Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07297855
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,117,109 1,116,071
1,117,109 1,116,071
CURRENT ASSETS
Debtors 5 1,463 5,688
Cash at bank and in hand 141,937 129,678
143,400 135,366
Creditors: Amounts Falling Due Within One Year 6 (7,907 ) (18,738 )
NET CURRENT ASSETS (LIABILITIES) 135,493 116,628
TOTAL ASSETS LESS CURRENT LIABILITIES 1,252,602 1,232,699
Creditors: Amounts Falling Due After More Than One Year 7 (1,209,980 ) (1,181,534 )
NET ASSETS 42,622 51,165
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 41,622 50,165
SHAREHOLDERS' FUNDS 42,622 51,165
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mehmet Sisman
Director
02/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sisman Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07297855 . The registered office is 55 Scotsdale road , Lee, London, SE12 8BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The turnover for the year includes income derived from the company's activities as the freeholder of leasehold flats. This income primarily consists of:
Ground Rent: Payments received from leaseholders as stipulated in their lease agreements.
Service Charges: Reimbursements from leaseholders for the provision of maintenance, repair, and other communal services.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NA
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 1,115,886 133 52 1,116,071
Additions - - 1,446 1,446
As at 30 June 2024 1,115,886 133 1,498 1,117,517
Depreciation
As at 1 July 2023 - - - -
Provided during the period - 33 375 408
As at 30 June 2024 - 33 375 408
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 1,115,886 100 1,123 1,117,109
As at 1 July 2023 1,115,886 133 52 1,116,071
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,463 5,688
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 10,125 12,276
Taxation and social security (2,217 ) 6,462
7,907 18,738
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,188,768 1,181,534
Other creditors 21,212 -
1,209,980 1,181,534
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4