Registered number
12208484
SIBERIAN PROPERTIES LTD
Filleted Accounts
30 September 2023
SIBERIAN PROPERTIES LTD
Registered number: 12208484
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,188 1,398
Investments 4 - 205,021
1,188 206,419
Current assets
Debtors 5 204,409 -
Cash at bank and in hand 131 134
204,540 134
Creditors: amounts falling due within one year 6 (39,084) (2,634)
Net current assets/(liabilities) 165,456 (2,500)
Total assets less current liabilities 166,644 203,919
Creditors: amounts falling due after more than one year 7 - (197,090)
Net assets 166,644 6,829
Capital and reserves
Called up share capital 20 20
Profit and loss account 166,624 6,809
Shareholder's funds 166,644 6,829
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Zafar Afsar
Director
Approved by the board on 9 May 2024
SIBERIAN PROPERTIES LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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
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:
Plant and machinery 15% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 October 2022 2,473
At 30 September 2023 2,473
Depreciation
At 1 October 2022 1,075
Charge for the year 210
At 30 September 2023 1,285
Net book value
At 30 September 2023 1,188
At 30 September 2022 1,398
4 Investments
Investments
£
Cost
At 1 October 2022 205,021
Additions 155,000
Disposals (360,021)
At 30 September 2023 -
5 Debtors 2023 2022
£ £
Other debtors 204,409 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 39,084 2,634
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 197,090
8 Other information
SIBERIAN PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
66 Seymour Grove
Manchester
M16 0LN
8 Related party transactions
During the year director provided an unsecured loan of £5,084 to the company.The loan is still outstanding on the balance sheet date.No interest is charged on the outstanding amount.
SIBERIAN PROPERTIES LTD 12208484 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2022 Zafar Afsar No description of principal activity 12208484 2021-10-01 2022-09-30 12208484 core:WithinOneYear 2022-09-30 12208484 core:AfterOneYear 2022-09-30 12208484 core:ShareCapital 2022-09-30 12208484 core:RetainedEarningsAccumulatedLosses 2022-09-30 12208484 2022-10-01 2023-09-30 12208484 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12208484 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12208484 bus:Director40 2022-10-01 2023-09-30 12208484 2 2022-10-01 2023-09-30 12208484 core:PlantMachinery 2022-10-01 2023-09-30 12208484 countries:England 2022-10-01 2023-09-30 12208484 bus:FRS102 2022-10-01 2023-09-30 12208484 bus:FullAccounts 2022-10-01 2023-09-30 12208484 2023-09-30 12208484 core:WithinOneYear 2023-09-30 12208484 core:AfterOneYear 2023-09-30 12208484 core:ShareCapital 2023-09-30 12208484 core:RetainedEarningsAccumulatedLosses 2023-09-30 12208484 core:PlantMachinery 2023-09-30 12208484 core:AdditionsToInvestments 2023-09-30 12208484 core:DisposalsRepaymentsInvestments 2023-09-30 12208484 2022-09-30 12208484 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure