Company Registration No. 09980899 (England and Wales)
SBEE LTD
Unaudited accounts
for the year ended 29 February 2024
SBEE LTD
Unaudited accounts
Contents
SBEE LTD
Company Information
for the year ended 29 February 2024
Directors
Mr Shirish Badiani
Aiyadurai Navaratna-Rajah
Company Number
09980899 (England and Wales)
Registered Office
110 Westmead Road
Sutton
Edgware
England
SM1 4JD
GB
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
SBEE LTD
for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SBEE LTD for the year ended
29 February 2024 as set out on pages
5 -
6 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
This report is made solely to the Board of Directors of SBEE LTD, as a body, in accordance with the terms of our engagement letter dated 1 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of SBEE LTD and state those matters that we have agreed to state to the Board of Directors of SBEE LTD, as a body, in this report 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. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SBEE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SBEE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SBEE LTD. You consider that SBEE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SBEE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Chartered Certified Accountants
29 November 2024
SBEE LTD
Statement of financial position
as at 29 February 2024
Investment property
1,674,645
1,674,645
Cash at bank and in hand
6,649
6,851
Creditors: amounts falling due within one year
(736,087)
(718,517)
Net current liabilities
(729,438)
(711,666)
Total assets less current liabilities
945,207
962,979
Creditors: amounts falling due after more than one year
(1,063,518)
(1,102,691)
Net liabilities
(118,311)
(139,712)
Called up share capital
1
1
Profit and loss account
(118,312)
(139,713)
Shareholders' funds
(118,311)
(139,712)
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Aiyadurai Navaratna-Rajah
Director
Company Registration No. 09980899
SBEE LTD
Notes to the Accounts
for the year ended 29 February 2024
SBEE LTD is a private company, limited by shares, registered in England and Wales, registration number 09980899. The registered office is 110 Westmead Road, Sutton, Edgware, England, SM1 4JD, GB.
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.
Fair value at 1 March 2023
1,674,645
At 29 February 2024
1,674,645
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
735,387
717,817
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,063,518
1,102,691
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).