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REGISTERED NUMBER: 08182390 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 August 2023

for

S.B.L. Property Ventures Ltd

S.B.L. Property Ventures Ltd (Registered number: 08182390)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S.B.L. Property Ventures Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S A Wordley
L B Wordley
B M Wordley





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 08182390 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

S.B.L. Property Ventures Ltd (Registered number: 08182390)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 519,934 519,934
Debtors 4 26,048 26,048
Cash at bank 11 11
545,993 545,993
CREDITORS
Amounts falling due within one year 5 458,681 458,681
NET CURRENT ASSETS 87,312 87,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,312

87,312

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 87,306 87,306
SHAREHOLDERS' FUNDS 87,312 87,312

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





S A Wordley - Director


S.B.L. Property Ventures Ltd (Registered number: 08182390)

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

1. STATUTORY INFORMATION

S.B.L. Property Ventures Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company was dormant throughout the current year.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 26,048 26,048

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,851 1,851
Taxation and social security 26,386 26,386
Other creditors 430,444 430,444
458,681 458,681

6. RELATED PARTY DISCLOSURES

At 31 August 2023 the company owed £246,298 (2022 - £246,298) to the directors.
At 31 August 2023 the company was owed £21,048 (2022 - £21,048) by Arkid Developments Limited, a company under common control.