Company Registration No. 12805096 (England and Wales)
SYCAMORE SQUARE DEVELOPMENTS LTD
Unaudited accounts
for the year ended 30 June 2024
SYCAMORE SQUARE DEVELOPMENTS LTD
Unaudited accounts
Contents
SYCAMORE SQUARE DEVELOPMENTS LTD
Company Information
for the year ended 30 June 2024
Directors
Deborah Elizabeth Lewis
William David Roberts
Company Number
12805096 (England and Wales)
Registered Office
Duke House
Duke Street
SKIPTON
North Yorkshire
BD23 2HQ
United Kingdom
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
SYCAMORE SQUARE DEVELOPMENTS LTD
Statement of financial position
as at 30 June 2024
Investment property
936,608
822,787
Cash at bank and in hand
186,340
45,857
Creditors: amounts falling due within one year
(4,800)
(1,115)
Net current assets
182,352
45,619
Total assets less current liabilities
1,119,525
869,145
Creditors: amounts falling due after more than one year
(1,229,598)
(1,019,598)
Provisions for liabilities
Net liabilities
(119,865)
(150,453)
Called up share capital
1
1
Profit and loss account
(119,866)
(150,454)
Shareholders' funds
(119,865)
(150,453)
For the year ending 30 June 2024 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by
William David Roberts
Director
Company Registration No. 12805096
SYCAMORE SQUARE DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 June 2024
SYCAMORE SQUARE DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12805096. The registered office is Duke House , Duke Street, SKIPTON, North Yorkshire, BD23 2HQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The major part of the company's working capital requirements are provided by a loan from Sycamore Square group Limited, a related company. Directors of the related company are the same as Sycamore Square Developments Limited and have indicated that they will not demand repayment, however no formal agreement is in place.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years Straight Line
SYCAMORE SQUARE DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2023
822,787
Net gain from fair value adjustments
51,538
Amounts falling due within one year
Accrued income and prepayments
812
877
7
Creditors: amounts falling due within one year
2024
2023
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
551,423
551,423
Amounts owed to group undertakings and other participating interests
678,175
468,175
Aggregate of amounts that fall due for payment after five years
-
551,423
The Bank Loans are secured by fixed charge over the Properties purchased
SYCAMORE SQUARE DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 30 June 2024
9
Deferred taxation
2024
2023
Accelerated capital allowances
9,792
-
Charged to the profit and loss account
9,792
-
Provision at end of year
9,792
-
Provision on revaluation of Investment Property.
The Company is 100% owned by Sycamore Square Holdings Limited.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).