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REGISTERED NUMBER: 10707721 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Three Sisters Property Ltd

Three Sisters Property Ltd (Registered number: 10707721)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Three Sisters Property Ltd (Registered number: 10707721)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Investments 4 50 50
Investment property 5 935,000 791,178
935,050 791,228

CURRENT ASSETS
Debtors 6 141,356 136,684
Cash at bank 8,633 39
149,989 136,723
CREDITORS
Amounts falling due within one year 7 (459,471 ) (476,827 )
NET CURRENT LIABILITIES (309,482 ) (340,104 )
TOTAL ASSETS LESS CURRENT LIABILITIES 625,568 451,124

CREDITORS
Amounts falling due after more than one
year

8

(351,088

)

(358,308

)

PROVISIONS FOR LIABILITIES (56,219 ) (15,141 )
NET ASSETS 218,261 77,675

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 168,658 60,562
Retained earnings 49,503 17,013
218,261 77,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Three Sisters Property Ltd (Registered number: 10707721)

Balance Sheet - continued
30 April 2024


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 14 November 2024 and were signed on its behalf by:





Mrs Z C Bradbury - Director


Three Sisters Property Ltd (Registered number: 10707721)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Three Sisters Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10707721

Registered office: 59 Wilmslow Road
Handforth
Cheshire
SK9 3EN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Three Sisters Property Ltd (Registered number: 10707721)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 50
NET BOOK VALUE
At 30 April 2024 50
At 30 April 2023 50

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 791,178
Additions (5,352 )
Revaluations 149,174
At 30 April 2024 935,000
NET BOOK VALUE
At 30 April 2024 935,000
At 30 April 2023 791,178

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 75,703
Valuation in 2024 149,174
Cost 710,123
935,000

Investment property was valued on an open market basis on 30 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 4,737 -
Amounts owed by group undertakings 136,370 136,370
Other debtors 249 314
141,356 136,684

Three Sisters Property Ltd (Registered number: 10707721)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 8,229 8,805
Trade creditors 105 1,349
Taxation and social security 1,561 2,241
Other creditors 449,576 464,432
459,471 476,827

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 351,088 358,308

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years by installments 286,366 317,176

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 359,317 367,113

The bank loan is secured by a fixed and floating charge over the fixed assets of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 May 2023 60,562
Revaluation in year 108,096

At 30 April 2024 168,658