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Company Registration No. 11752716 (England and Wales)
Sourcing Habitats Ltd Unaudited accounts for the year ended 31 January 2024
Sourcing Habitats Ltd Unaudited accounts Contents
Page
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Sourcing Habitats Ltd Company Information for the year ended 31 January 2024
Director
Fiona Smith
Company Number
11752716 (England and Wales)
Registered Office
FIVE MILE HOUSE HIGH STREET FISKERTON LINCOLN LN3 4ES UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Sourcing Habitats Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
250 
- 
Investment property
153,106 
149,469 
153,356 
149,469 
Current assets
Debtors
59,261 
55,652 
Cash at bank and in hand
22,784 
3,193 
82,045 
58,845 
Creditors: amounts falling due within one year
(79,260)
(79,456)
Net current assets/(liabilities)
2,785 
(20,611)
Total assets less current liabilities
156,141 
128,858 
Creditors: amounts falling due after more than one year
(246,282)
(197,526)
Net liabilities
(90,141)
(68,668)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(90,241)
(68,768)
Shareholders' funds
(90,141)
(68,668)
For the year ending 31 January 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 her 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 25 October 2024 and were signed on its behalf by
Fiona Smith Director Company Registration No. 11752716
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Sourcing Habitats Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Sourcing Habitats Ltd is a private company, limited by shares, registered in England and Wales, registration number 11752716. The registered office is FIVE MILE HOUSE HIGH STREET, FISKERTON, LINCOLN, LN3 4ES, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance
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.
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Sourcing Habitats Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
- 
Additions
312 
At 31 January 2024
312 
Depreciation
Charge for the year
62 
At 31 January 2024
62 
Net book value
At 31 January 2024
250 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
149,469 
Additions
3,637 
At 31 January 2024
153,106 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
59,261 
55,652 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,400 
1,989 
Other creditors
7,300 
7,300 
Loans from directors
70,201 
69,904 
Accruals
359 
263 
79,260 
79,456 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
246,282 
197,526 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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