IRIS Accounts Production v24.3.0.553 02600110 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026001102023-06-30026001102024-06-30026001102023-07-012024-06-30026001102022-06-30026001102022-07-012023-06-30026001102023-06-3002600110ns15:EnglandWales2023-07-012024-06-3002600110ns14:PoundSterling2023-07-012024-06-3002600110ns10:Director12023-07-012024-06-3002600110ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002600110ns10:SmallEntities2023-07-012024-06-3002600110ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002600110ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002600110ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002600110ns10:FullAccounts2023-07-012024-06-3002600110ns10:Director22023-07-012024-06-3002600110ns10:RegisteredOffice2023-07-012024-06-3002600110ns5:CurrentFinancialInstruments2024-06-3002600110ns5:CurrentFinancialInstruments2023-06-3002600110ns5:Non-currentFinancialInstruments2024-06-3002600110ns5:Non-currentFinancialInstruments2023-06-3002600110ns5:ShareCapital2024-06-3002600110ns5:ShareCapital2023-06-3002600110ns5:CapitalRedemptionReserve2024-06-3002600110ns5:CapitalRedemptionReserve2023-06-3002600110ns5:RetainedEarningsAccumulatedLosses2024-06-3002600110ns5:RetainedEarningsAccumulatedLosses2023-06-3002600110ns5:LandBuildings2023-06-3002600110ns5:PlantMachinery2023-06-3002600110ns5:LandBuildings2023-07-012024-06-3002600110ns5:PlantMachinery2023-07-012024-06-3002600110ns5:LandBuildings2024-06-3002600110ns5:PlantMachinery2024-06-3002600110ns5:LandBuildings2023-06-3002600110ns5:PlantMachinery2023-06-3002600110ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002600110ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 02600110 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Sierraville Limited

Sierraville Limited (Registered number: 02600110)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sierraville Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T S Obhrai
D S Obhrai





REGISTERED OFFICE: 173 Cleveland Street
London
W1T 6QR





REGISTERED NUMBER: 02600110 (England and Wales)





ACCOUNTANTS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

Sierraville Limited (Registered number: 02600110)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 898,798 889,289

CURRENT ASSETS
Stocks 27,587 25,775
Debtors 5 795,813 217,105
Cash at bank and in hand 1,422,780 1,690,447
2,246,180 1,933,327
CREDITORS
Amounts falling due within one year 6 1,194,301 1,368,150
NET CURRENT ASSETS 1,051,879 565,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,950,677

1,454,466

CREDITORS
Amounts falling due after more than one
year

7

(71

)

(2,328

)

PROVISIONS FOR LIABILITIES (17,167 ) (12,495 )
NET ASSETS 1,933,439 1,439,643

CAPITAL AND RESERVES
Called up share capital 45,579 45,579
Capital redemption reserve 3,600 3,600
Retained earnings 1,884,260 1,390,464
1,933,439 1,439,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Sierraville Limited (Registered number: 02600110)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





T S Obhrai - Director


Sierraville Limited (Registered number: 02600110)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sierraville 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.

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.
Buildings - Straight line over 50 years
Plant & machinery - 20% and 33% per annum

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Trade and other debtors/creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, debtors and creditors payable or receivable within one year are measured at the undiscounted amount of the cash expected to be paid or received, net of impairment losses in the case of debtors.

Interest-bearing borrowings classified as basic financial instruments
Borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents.

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.


Sierraville Limited (Registered number: 02600110)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 92 (2023 - 89 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2023 929,505 430,807 1,360,312
Additions - 46,997 46,997
Disposals - (21,000 ) (21,000 )
At 30 June 2024 929,505 456,804 1,386,309
DEPRECIATION
At 1 July 2023 94,388 376,635 471,023
Charge for year 4,990 32,498 37,488
Eliminated on disposal - (21,000 ) (21,000 )
At 30 June 2024 99,378 388,133 487,511
NET BOOK VALUE
At 30 June 2024 830,127 68,671 898,798
At 30 June 2023 835,117 54,172 889,289

The company has given a fixed charge on the land and property to secure bank facilities provided to its parent undertaking, Lebanon Cedar Ltd.

Sierraville Limited (Registered number: 02600110)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 757 -
Amounts owed by group undertakings - 120,819
Amounts owed by related undertaking 11,043 -
Other debtors 51,580 96,286
63,380 217,105

Amounts falling due after more than one year:
Amounts owed by group undertakings 732,433 -

Aggregate amounts 795,813 217,105

The amount owed by group undertaking bears interest at an average cost of external finance to the parent company plus a margin of 0.167% per annum and the loan is available for 5 years from 1 July 2023.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 1,865 1,865
Trade creditors 118,437 62,620
Taxation and social security 230,133 96,490
Other creditors 843,866 1,207,175
1,194,301 1,368,150

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 71 2,328

8. RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of Lebanon Cedar Ltd, a company incorporated in England and Wales, the company has taken advantage of the exemption contained in FRS 102.33 and has therefore not disclosed transactions on balances with parent undertaking.