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REGISTERED NUMBER: 10706922 (England and Wales)















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: Mr L J B Maguire





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 10706922 (England and Wales)





ACCOUNTANTS: Blencowes
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 1,817 2,423
Investment property 5 2,161,961 2,161,961
2,163,778 2,164,384

CURRENT ASSETS
Debtors 6 107,330 114,435
Cash at bank and in hand 20,803 6,733
128,133 121,168
CREDITORS
Amounts falling due within one year 7 10,676 9,898
NET CURRENT ASSETS 117,457 111,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,281,235

2,275,654

CREDITORS
Amounts falling due after more than one
year

8

2,698,096

2,698,096
NET LIABILITIES (416,861 ) (422,442 )

CAPITAL AND RESERVES
Called up share capital 10 4,100 4,100
Retained earnings (420,961 ) (426,542 )
SHAREHOLDERS' FUNDS (416,861 ) (422,442 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 21 January 2025 and were signed by:





Mr L J B Maguire - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is rounded to the nearest pound sterling (£).

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 1 (2023 - 1 ) .

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 5,358
DEPRECIATION
At 30 April 2023 2,935
Charge for year 606
At 29 April 2024 3,541
NET BOOK VALUE
At 29 April 2024 1,817
At 29 April 2023 2,423

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2023
and 29 April 2024 2,161,961
NET BOOK VALUE
At 29 April 2024 2,161,961
At 29 April 2023 2,161,961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,594 17,334
Deferred tax asset 95,736 97,101
107,330 114,435

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 613
Directors' current accounts 1,949 968
Deferred income 6,381 6,110
Accrued expenses 2,346 2,207
10,676 9,898

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 1,367,085 1,367,085
2,698,096 2,698,096

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: £    £   
4,100 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.