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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
Page
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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
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SYCAMORE SQUARE DEVELOPMENTS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
565 
739 
Investment property
936,608 
822,787 
937,173 
823,526 
Current assets
Debtors
812 
877 
Cash at bank and in hand
186,340 
45,857 
187,152 
46,734 
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
Deferred tax
(9,792)
- 
Net liabilities
(119,865)
(150,453)
Capital and reserves
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
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SYCAMORE SQUARE DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Going concern
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
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SYCAMORE SQUARE DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
869 
At 30 June 2024
869 
Depreciation
At 1 July 2023
130 
Charge for the year
174 
At 30 June 2024
304 
Net book value
At 30 June 2024
565 
At 30 June 2023
739 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
822,787 
Additions
62,283 
Net gain from fair value adjustments
51,538 
At 30 June 2024
936,608 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
812 
877 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
4,050 
365 
Other creditors
750 
750 
4,800 
1,115 
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 
1,229,598 
1,019,598 
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
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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 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
9,792 
- 
Provision at end of year
9,792 
- 
Provision on revaluation of Investment Property.
10
Controlling party
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).
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