REGISTERED NUMBER: |
SIGER LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
REGISTERED NUMBER: |
SIGER LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
SIGER LIMITED (REGISTERED NUMBER: 02690770) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Chartered accountants' report | 8 |
SIGER LIMITED |
COMPANY INFORMATION |
for the year ended 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Lygon House |
50 London Road |
Bromley |
Kent |
BR1 3RA |
SIGER LIMITED (REGISTERED NUMBER: 02690770) |
BALANCE SHEET |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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. |
SIGER LIMITED (REGISTERED NUMBER: 02690770) |
BALANCE SHEET - continued |
31 March 2024 |
The financial statements were approved by the director and authorised for issue on |
SIGER LIMITED (REGISTERED NUMBER: 02690770) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Siger Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents gross income on rents receivable from investment properties. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Investments in associates |
Investment in associate undertakings are recognised at cost. |
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 Statement of Income and Retained Earnings, 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 |
SIGER LIMITED (REGISTERED NUMBER: 02690770) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | FIXED ASSET INVESTMENTS |
Long |
leasehold | Freehold |
investment | investment | Other |
properties | properties | investments | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 April 2023 | 2,543,435 |
Revaluations | ( |
) | (3,075 | ) |
At 31 March 2024 | 2,540,360 |
NET BOOK VALUE |
At 31 March 2024 | 2,540,360 |
At 31 March 2023 | 2,543,435 |
Cost or valuation at 31 March 2024 is represented by: |
Long |
leasehold | Freehold |
investment | investment | Other |
properties | properties | investments | Totals |
£ | £ | £ | £ |
Valuation in 2024 | 316,380 | 1,670,862 | 29,949 | 2,017,191 |
Cost | 293,166 | 150,238 | 79,765 | 523,169 |
609,546 | 1,821,100 | 109,714 | 2,540,360 |
SIGER LIMITED (REGISTERED NUMBER: 02690770) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Unlisted investments | 2023 | 2022 |
£ | £ |
Hillview Residents Association at cost: | 265 | 265 |
The director has reviewed the fair value of the investment properties at the balance sheet date. Due to the director's valuation not being materially different to the carrying amount, no adjustment was considered necessary. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
8. | RESERVES |
Retained earnings |
Non- |
Distributable | Distributable | Total |
£ | £ | £ |
Balance at 1 April 2023 | 720,778 | 1,647,107 | 2,367,885 |
Profit for year | 54,348 | (3,039 | ) | 51,309 |
Transfer realised gains/losses | (2,927 | ) | 2,927 | - |
Dividends | (82,000 | ) | - | (82,000 | ) |
Balance at 31 March 2024 | 690,199 | 1,646,995 | 2,337,194 |
SIGER LIMITED (REGISTERED NUMBER: 02690770) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2024 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
At the end of the year, the director owed the company £92,375. This sum was repaid within nine months of the year end. |
10. | RELATED PARTY DISCLOSURES |
The director was provided with rent free accommodation by the company in both the current and previous financial year; the estimated market value of the rent being £10,000 per annum. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SIGER LIMITED |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Siger Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of Siger Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Siger Limited and state those matters that we have agreed to state to the director of Siger Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Siger Limited and its director for our work or for this report. |
It is your duty to ensure that Siger Limited 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 Siger Limited. You consider that Siger Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Siger Limited. 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. |
Chartered Accountants |
Lygon House |
50 London Road |
Bromley |
Kent |
BR1 3RA |