S.D.W. Property Limited Filleted Accounts Cover
S.D.W. Property Limited
Company No. 10574827
Information for Filing with The Registrar
30 September 2023
S.D.W. Property Limited Balance Sheet Registrar
at
30 September 2023
Company No.
10574827
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
37,30416,187
Investment property
5
2,185,8322,115,832
2,223,1362,132,019
Current assets
Debtors
6
4,74858,797
Cash at bank and in hand
2462,858
4,772121,655
Creditors: Amount falling due within one year
7
(343,255)
(277,020)
Net current liabilities
(338,483)
(155,365)
Total assets less current liabilities
1,884,6531,976,654
Creditors: Amounts falling due after more than one year
8
(1,314,230)
(1,173,294)
Provisions for liabilities
Deferred taxation
(156,651)
(143,768)
Net assets
413,772659,592
Capital and reserves
Called up share capital
100100
Revaluation reserve
9
441,977599,797
Profit and loss account
9
(28,305)
59,695
Total equity
413,772659,592
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 February 2025 and signed on its behalf by:
D.J. Walsh
Director
03 February 2025
S.D.W. Property Limited Notes to the Accounts Registrar
for the year ended 30 September 2023
1
General information
S.D.W. Property Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10574827
Its registered office is:
453 Carr Place
Walton Summit Centre
Bamber Bridge
Preston
PR5 8AU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
3 yrs / 15% SL/Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 October 2022
21,9972,29724,294
Additions
26,950-26,950
At 30 September 2023
48,9472,29751,244
Depreciation
At 1 October 2022
6,7451,3628,107
Charge for the year
5,6681655,833
At 30 September 2023
12,4131,52713,940
Net book values
At 30 September 2023
36,53477037,304
At 30 September 2022
15,252
935
16,187
5
Investment property
Freehold Investment Property
£
Valuation
At 1 October 2022
2,115,832
Additions
221,187
Revaluation
(151,187)
At 30 September 2023
2,185,832
6
Debtors
2023
2022
£
£
Trade debtors
2,65045,882
VAT recoverable
-8,553
Other debtors
1,3624,362
Prepayments and accrued income
736-
4,74858,797
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
117,73187,695
Trade creditors
63,10440,280
Taxes and social security
15,957
8,508
Other creditors
138,892132,965
Accruals and deferred income
7,5717,572
343,255277,020
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
805,901836,109
Other creditors
508,329337,185
1,314,2301,173,294
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
334,977
485,331
334,977485,331
The bank loans are secured on properties owned by the Company.
9
Reserves
Other reserve
Total other reserves
£
£
At 1 October 2021
599,797
599,797
At 30 September 2022 and 1 October 2022
599,797
599,797
Movement on revaluation reserve
(151,187)
(151,187)
Deferred taxation
(6,633)
(6,633)
At 30 September 2023
441,977441,977
Revaluation reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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