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Registered Number: 12942843
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 October 2024

for

SQUIB PROPERTIES LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 171,340  263,918 
Current assets 2,292  8,412 
Creditors: amount falling due within one year (213,431) (200,017)
Net current assets (211,139) (191,605)
Total assets less current liabilities (39,799) 72,313 
Creditors: amount falling due after more than one year (48,821) (150,041)
Net assets (88,620) (77,728)
 
Capital and reserves (88,620) (77,728)
 
  1. For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Hugh Kenneth Edmund Jones
Director

Date approved: 28 January 2025
1
Statutory Information
SQUIB PROPERTIES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12942843, registration address The Croft, Llanybri, Carmarthen, SA33 5HF, Wales.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment20% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Freehold property   Improvements to property   Computer Equipment   Total
  £   £   £   £
At 01 November 2023 263,765      299    264,064 
Additions   14,695      14,695 
Disposals (107,120)       (107,120)
At 31 October 2024 156,645    14,695    299    171,639 
Depreciation
At 01 November 2023     146    146 
Charge for year     153    153 
At 31 October 2024     299    299 
Net book values
Closing balance as at 31 October 2024 156,645    14,695      171,340 
Opening balance as at 01 November 2023 263,765      153    263,918 

3.

Average number of employees

Average number of employees during the year was 0  (2023: 2).
2