Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falsefalse12022-11-01Development of building projects1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11625119 2022-11-01 2023-10-31 11625119 2021-11-01 2022-10-31 11625119 2023-10-31 11625119 2022-10-31 11625119 c:Director1 2022-11-01 2023-10-31 11625119 d:FreeholdInvestmentProperty 2023-10-31 11625119 d:FreeholdInvestmentProperty 2022-10-31 11625119 d:CurrentFinancialInstruments 2023-10-31 11625119 d:CurrentFinancialInstruments 2022-10-31 11625119 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11625119 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11625119 d:ShareCapital 2023-10-31 11625119 d:ShareCapital 2022-10-31 11625119 d:RetainedEarningsAccumulatedLosses 2023-10-31 11625119 d:RetainedEarningsAccumulatedLosses 2022-10-31 11625119 c:FRS102 2022-11-01 2023-10-31 11625119 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11625119 c:FullAccounts 2022-11-01 2023-10-31 11625119 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11625119 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11625119









SIDBURY PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SIDBURY PROPERTIES LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SIDBURY PROPERTIES LTD
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SIDBURY PROPERTIES LTD for the year ended 31 October 2023 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of SIDBURY PROPERTIES LTD in accordance with the terms of our engagement letter dated 10 February 2025Our work has been undertaken solely to prepare for your approval the financial statements of SIDBURY PROPERTIES LTD and state those matters that we have agreed to state to the director of SIDBURY PROPERTIES LTD in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SIDBURY PROPERTIES LTD and its director for our work or for this report. 

It is your duty to ensure that SIDBURY PROPERTIES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SIDBURY PROPERTIES LTD. You consider that SIDBURY PROPERTIES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of SIDBURY PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP

10 February 2025
Page 1

 
SIDBURY PROPERTIES LTD
REGISTERED NUMBER: 11625119

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
180,000
180,000

  
180,000
180,000

Current assets
  

Debtors: amounts falling due within one year
 5 
107
306

Cash at bank and in hand
 6 
1,859
2,094

  
1,966
2,400

Creditors: amounts falling due within one year
 7 
(152,462)
(164,373)

Net current liabilities
  
 
 
(150,496)
 
 
(161,973)

Total assets less current liabilities
  
29,504
18,027

  

Net assets
  
29,504
18,027


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
29,404
17,927

  
29,504
18,027


Page 2

 
SIDBURY PROPERTIES LTD
REGISTERED NUMBER: 11625119
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 February 2025.




Mohammed Maskeen Shah
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SIDBURY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Sidbury Properties Ltd is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 11625119. The address of the registered office is 77 Francis Road, Edgbaston Birmingham B16 8SP. The principal activity of the company in the year under review was that of Development of building projects.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
SIDBURY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
SIDBURY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
SIDBURY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
180,000



At 31 October 2023
180,000

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 October 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
180,000
180,000

180,000
180,000

Page 7

 
SIDBURY PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
107
306

107
306



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,859
2,094

1,859
2,094



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,498
2,752

Corporation tax
7,376
3,907

Other creditors
137,714
154,340

Accruals and deferred income
5,874
3,374

152,462
164,373



8.


Related party transactions

Mohammed Maskeen Shah is a director and shareholder of the company. 
During the period the company provided loans of £16,626 to the director. As at the balance sheet date, the company owed the director £137,714 (2022: £154,340) which is shown in Other Creditors due within one year.  
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


9.


Controlling party

During the year the company was under the control of Mohammed Maskeen Shah who is 100% shareholder of the company.

 
Page 8