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REGISTERED NUMBER: 08798895 (England and Wales)





Sedge Properties Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Sedge Properties Limited (Registered number: 08798895)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sedge Properties Limited

Company Information
for the year ended 31 July 2024







DIRECTOR: M Richards





REGISTERED OFFICE: Clara House
Worth Enterprise Park
Valley Road
Keighley
West Yorkshire
BD21 4LN





REGISTERED NUMBER: 08798895 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Sedge Properties Limited (Registered number: 08798895)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 1,862,882 1,087,882
1,862,882 1,087,882

CURRENT ASSETS
Debtors 7 25,212 54,541
Cash at bank 52,844 95,545
78,056 150,086
CREDITORS
Amounts falling due within one year 8 (1,196,764 ) (1,100,775 )
NET CURRENT LIABILITIES (1,118,708 ) (950,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,174

137,193

CREDITORS
Amounts falling due after more than one year 9 (620,421 ) -

PROVISIONS FOR LIABILITIES (10,350 ) (10,350 )
NET ASSETS 113,403 126,843

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 11 77,824 77,824
Retained earnings 35,576 49,016
SHAREHOLDERS' FUNDS 113,403 126,843

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

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

Sedge Properties Limited (Registered number: 08798895)

Balance Sheet - continued
31 July 2024


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 12 March 2025 and were signed by:





M Richards - Director


Sedge Properties Limited (Registered number: 08798895)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Sedge Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Sedge Properties Limited (Registered number: 08798895)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 1,440
DEPRECIATION
At 1 August 2023
and 31 July 2024 1,440
NET BOOK VALUE
At 31 July 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,087,882
Additions 775,000
At 31 July 2024 1,862,882
NET BOOK VALUE
At 31 July 2024 1,862,882
At 31 July 2023 1,087,882

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,212 54,541

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 103 248
Taxation and social security 4,351 12,184
Other creditors 1,192,310 1,088,343
1,196,764 1,100,775

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 620,421 -

Sedge Properties Limited (Registered number: 08798895)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 6,548 10,999

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from the Santander Bank PLC in the year.

11. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 77,824

12. ULTIMATE CONTROLLING PARTY

Sedge Holdings Limited is considered to be the controlling party of the company due to its 100% holding of the voting rights in the company.