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Company Registration No. 10336139 (England and Wales)
Sinclair Property Services Ltd Unaudited accounts for the year ended 31 August 2024
Sinclair Property Services Ltd Unaudited accounts Contents
Page
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Sinclair Property Services Ltd Company Information for the year ended 31 August 2024
Director
C W Sinclair
Company Number
10336139 (England and Wales)
Registered Office
18 Hessle Grove Epsom Surrey KT17 1JS
Accountants
Maddox & Maddox Limited 9 Commercial Yard Barnard Castle County Durham DL12 8FE
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Sinclair Property Services Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
364,635 
364,635 
Current assets
Debtors
105 
101 
Cash at bank and in hand
3,423 
5,635 
3,528 
5,736 
Creditors: amounts falling due within one year
(238,423)
(251,110)
Net current liabilities
(234,895)
(245,374)
Total assets less current liabilities
129,740 
119,261 
Provisions for liabilities
Deferred tax
(18,250)
(13,250)
Net assets
111,490 
106,011 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
111,390 
105,911 
Shareholders' funds
111,490 
106,011 
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 October 2024 and were signed on its behalf by
C W Sinclair Director Company Registration No. 10336139
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Sinclair Property Services Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Sinclair Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10336139. The registered office is 18 Hessle Grove, Epsom, Surrey, KT17 1JS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
364,635 
At 31 August 2024
364,635 
The property has been valued by the director as at 31 August 2024 and there is no change from 31 August 2023.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
105 
101 
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Sinclair Property Services Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,717 
2,688 
Other creditors
1,876 
1,876 
Loans from directors
233,020 
245,766 
Accruals
810 
780 
238,423 
251,110 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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