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REGISTERED NUMBER: 09044827 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 May 2024

for

Sefton Property Limited

Sefton Property Limited (Registered number: 09044827)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Sefton Property Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Mowatt
A Hayes





REGISTERED OFFICE: 57a Freshfield Road
Formby
Merseyside
L37 3H





REGISTERED NUMBER: 09044827 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Sefton Property Limited (Registered number: 09044827)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property development and letting.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

D Mowatt
A Hayes

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Mowatt - Director


11 February 2025

Sefton Property Limited (Registered number: 09044827)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
£    £   

TURNOVER 50,343 44,392

Administrative expenses 25,638 8,994
24,705 35,398

Gain/loss on revaluation of tangible assets 25,000 -
OPERATING PROFIT 49,705 35,398


Interest payable and similar expenses 36,538 26,455
PROFIT BEFORE TAXATION 13,167 8,943

Tax on profit - 1,699
PROFIT FOR THE FINANCIAL YEAR 13,167 7,244

Sefton Property Limited (Registered number: 09044827)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 725,000 700,000

CURRENT ASSETS
Cash at bank 9,547 2,866

CREDITORS
Amounts falling due within one year 5 13,593 15,534
NET CURRENT LIABILITIES (4,046 ) (12,668 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

720,954

687,332

CREDITORS
Amounts falling due after more than one
year

6

504,083

483,628
NET ASSETS 216,871 203,704

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,771 203,604
SHAREHOLDERS' FUNDS 216,871 203,704

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sefton Property Limited (Registered number: 09044827)

Balance Sheet - continued
31 May 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:




D Mowatt - Director



A Hayes - Director


Sefton Property Limited (Registered number: 09044827)

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

1. STATUTORY INFORMATION

Sefton Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sefton Property Limited (Registered number: 09044827)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 June 2023 700,000
Revaluations 25,000
At 31 May 2024 725,000
NET BOOK VALUE
At 31 May 2024 725,000
At 31 May 2023 700,000

Cost or valuation at 31 May 2024 is represented by:

Land and
buildings
£   
Valuation in 2018 133,746
Valuation in 2021 10,000
Valuation in 2022 20,000
Valuation in 2024 25,000
Cost 536,254
725,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 536,254 536,254

Freehold land and buildings were valued on an open market basis basis on 31 May 2024 by D Mowatt and A Hayes, Company Directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,153 10,461
Payments on account 2,660 2,660
Taxation and social security - 1,699
Other creditors 780 714
13,593 15,534

Sefton Property Limited (Registered number: 09044827)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 463,183 420,228
Other creditors 40,900 63,400
504,083 483,628

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 422,573 378,386