REGISTERED NUMBER: |
SIG 17 BRIAR WALK LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 APRIL 2024 |
REGISTERED NUMBER: |
SIG 17 BRIAR WALK LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 APRIL 2024 |
SIG 17 BRIAR WALK LIMITED (REGISTERED NUMBER: 10706922) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SIG 17 BRIAR WALK LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29 APRIL 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
15 High Street |
Brackley |
Northamptonshire |
NN13 7DH |
SIG 17 BRIAR WALK LIMITED (REGISTERED NUMBER: 10706922) |
BALANCE SHEET |
29 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
SIG 17 BRIAR WALK LIMITED (REGISTERED NUMBER: 10706922) |
BALANCE SHEET - continued |
29 APRIL 2024 |
The financial statements were approved by the director and authorised for issue on |
SIG 17 BRIAR WALK LIMITED (REGISTERED NUMBER: 10706922) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 APRIL 2024 |
1. | STATUTORY INFORMATION |
SIG 17 Briar Walk Limited is a |
The presentation currency of the financial statements is rounded to the nearest pound sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is rounded to the nearest pound sterling (£). |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
The policies adopted for the recognition of turnover are as follows: |
Turnover from rental is recognised on the accruals basis. |
Tangible fixed assets |
Fixtures and fittings | - |
Investment property |
Investment property is shown at cost. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred 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 or deferred 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 |
SIG 17 BRIAR WALK LIMITED (REGISTERED NUMBER: 10706922) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 APRIL 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 30 April 2023 |
and 29 April 2024 |
DEPRECIATION |
At 30 April 2023 |
Charge for year |
At 29 April 2024 |
NET BOOK VALUE |
At 29 April 2024 |
At 29 April 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 30 April 2023 |
and 29 April 2024 |
NET BOOK VALUE |
At 29 April 2024 |
At 29 April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Deferred tax asset | 95,736 | 97,101 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Directors' current accounts | 1,949 | 968 |
Deferred income |
Accrued expenses |
SIG 17 BRIAR WALK LIMITED (REGISTERED NUMBER: 10706922) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 APRIL 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Mortgage | 1,331,011 | 1,331,011 |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Mortgage | 1,331,011 | 1,331,011 |
9. | SECURED DEBTS |
Creditors include bank loans which are secured by way of a fixed and floating charge over the assets of the company. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 4,100 | 4,100 |
11. | GOING CONCERN |
The director has undertaken a comprehensive review of the company forecasts and its environment. As part of this review he considered the potential impact of reasonable downside scenarios on the company. |
At the time of approving the financial statements, the director considers that the Company has adequate resources to remain in operation and has no reason to believe that a material uncertainty exists that may cast significant doubt about the Company's ability to continue as a going concern , for the following twelve months. Accordingly, the financial statements have been prepared on the going concern basis of accounting. |
The director is of the opinion that the going concern conclusion will need to be reassessed once the term of the mortgage comes to an end in 2025. The mortgage rate is currently 3.79% and with commercial rates on the increase this may have a detrimental effect on the cashflow of the company requiring additional funds from investors. |