Registered number
07221565
Sylton Property Ltd
Filleted Accounts
30 April 2024
Sylton Property Ltd
Registered number: 07221565
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 65,220 65,220
Cash at bank and in hand 16 28
65,236 65,248
Creditors: amounts falling due within one year 5 (1,525) (1,525)
Net current assets 63,711 63,723
Total assets less current liabilities 63,711 63,723
Creditors: amounts falling due after more than one year 6 (43,028) (42,481)
Net assets 20,683 21,242
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,583 21,142
Shareholders' funds 20,683 21,242
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A G Hillier
Director
Approved by the board on 30 January 2025
Sylton Property Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 441
At 30 April 2024 441
Depreciation
At 1 May 2023 441
At 30 April 2024 441
Net book value
At 30 April 2024 -
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 65,220 65,220
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,525 1,525
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan - Mr A G Hillier 43,028 42,481
7 Controlling party
The ultimate controlling party are Mr A G Hillier and Mrs S A Hillier who hold 100% of the shares equally between them.
8 Other information
Sylton Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bloomfield House
1 Bloomfield Road
London
N6 4ET
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