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Company Registration No. 09980899 (England and Wales)
SBEE LTD Unaudited accounts for the year ended 29 February 2024
SBEE LTD Unaudited accounts Contents
Page
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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
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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
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SBEE LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,674,645 
1,674,645 
Current assets
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)
Capital and reserves
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
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SBEE LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
4
Investment property
2024 
£ 
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 
Accruals
700 
700 
736,087 
718,517 
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).
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