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REGISTERED NUMBER: SC364163 (Scotland)















SIPC Ltd

Unaudited Cessation Financial Statements

for the Year Ended 31 August 2024






SIPC Ltd (Registered number: SC364163)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SIPC Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A M Neilson





REGISTERED OFFICE: 3 Mount Frost Place
Markinch
Fife
Scotland
KY7 6JH





REGISTERED NUMBER: SC364163 (Scotland)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

SIPC Ltd (Registered number: SC364163)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 12,000 200,015
Cash at bank 10,623 237,946
22,623 437,961
CREDITORS
Amounts falling due within one year 5 16,429 482,579
NET CURRENT ASSETS/(LIABILITIES) 6,194 (44,618 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,194 (44,618 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,094 (44,718 )
SHAREHOLDERS' FUNDS 6,194 (44,618 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 4 February 2025 and were signed by:





A M Neilson - Director


SIPC Ltd (Registered number: SC364163)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

SIPC Ltd is a private company, limited by shares , registered in Scotland. 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 the 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.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,000 -
Amounts recoverable on contracts - 200,000
Other debtors - 15
12,000 200,015

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 196 -
Taxation and social security 3,923 -
Other creditors 12,310 482,579
16,429 482,579