UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 JANUARY 2024 TO 31 JANUARY 2025 |
FOR |
SELLARS & CO (BRISTOL) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 JANUARY 2024 TO 31 JANUARY 2025 |
FOR |
SELLARS & CO (BRISTOL) LIMITED |
SELLARS & CO (BRISTOL) LIMITED (REGISTERED NUMBER: 00440494) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 1 January 2024 to 31 January 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SELLARS & CO (BRISTOL) LIMITED |
COMPANY INFORMATION |
For The Period 1 January 2024 to 31 January 2025 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SELLARS & CO (BRISTOL) LIMITED (REGISTERED NUMBER: 00440494) |
BALANCE SHEET |
31 January 2025 |
2025 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
The financial statements were approved by the director and authorised for issue on |
SELLARS & CO (BRISTOL) LIMITED (REGISTERED NUMBER: 00440494) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Period 1 January 2024 to 31 January 2025 |
1. | STATUTORY INFORMATION |
Sellars & Co (Bristol) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Following the disposal of the investment property the company ceased operations on 23rd January 2025. The accounts have therefore been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. The financial statements do not include any provision for the future cost of terminating the business of the company except to the extent that such were committed at the balance sheet date. |
Changes in accounting reporting period |
These financial statements cover a thirteen month accounting period 1 January 2024 to 31 January 2025. The accounting period was extended to the cessation of the company. The comparatives within these financial statements represent the results for the twelve months ended 31 December 2023 and are therefore not entirely comparable. |
Turnover |
Turnover represents rent receivable. |
Financial instruments |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate method, less impairment. |
Taxation |
Taxation for the period 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 period 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. |
Investment properties |
No depreciation is provided on investment properties. Properties are revalued annually, with surpluses taken to an investments revaluation reserve. Deficits in excess of prior revaluation surpluses on the same property are charged to profit and loss account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
SELLARS & CO (BRISTOL) LIMITED (REGISTERED NUMBER: 00440494) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 1 January 2024 to 31 January 2025 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2024 |
Disposals | ( |
) |
At 31 January 2025 |
NET BOOK VALUE |
At 31 January 2025 |
At 31 December 2023 |
The investment property was disposed of during the period. It had been revalued on an open market basis at 31 December 2023 by Mr H Cartwright, Director. The historic cost value of the investment property at 31 December 2023 totalled £13,851. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2023 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2025 | 2023 |
£ | £ |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2025 | 2023 |
value: | £ | £ |
Ordinary | £1 | 4,470 | 4,470 |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 January 2024 |
Transfers | (305,772 | ) |
At 31 January 2025 |