Company Registration No. 11055922 (England and Wales)
SDNA PROPERTIES LTD
unaudited financial statements
for the year ended 30 November 2023
SDNA PROPERTIES LTD
unaudited financial statements
Contents
SDNA PROPERTIES LTD
Company Information
for the year ended 30 November 2023
Company Number
11055922 (England and Wales)
Registered Office
21 HYDE PARK ROAD
LEEDS
LS6 1PY
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
SDNA PROPERTIES LTD
for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SDNA PROPERTIES LTD for the year ended
30 November 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants
Chartered Certified Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
26 August 2024
SDNA PROPERTIES LTD
Statement of financial position
as at 30 November 2023
Tangible assets
892,000
982,000
Cash at bank and in hand
26,693
11,037
Creditors: amounts falling due within one year
(182,197)
(254,860)
Net current liabilities
(155,404)
(243,723)
Total assets less current liabilities
736,596
738,277
Creditors: amounts falling due after more than one year
(702,289)
(717,788)
Called up share capital
100
100
Profit and loss account
34,207
20,389
Shareholders' funds
34,307
20,489
For the year ending 30 November 2023 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 26 August 2024 and were signed on its behalf by
Matlub REHMAN
Director
Company Registration No. 11055922
SDNA PROPERTIES LTD
Notes to the Accounts
for the year ended 30 November 2023
SDNA PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11055922. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
Investments in shares are included at fair value.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
SDNA PROPERTIES LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
At 1 December 2022
982,000
At 30 November 2023
892,000
At 30 November 2023
892,000
At 30 November 2022
982,000
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,380
35,139
Taxes and social security
3,241
-
Other creditors
152,671
218,721
Loans from directors
(95)
-
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
702,289
717,788
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).