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REGISTERED NUMBER: 12668922 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

S & A Properties (West Mids) Ltd

S & A Properties (West Mids) Ltd (Registered number: 12668922)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S & A Properties (West Mids) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr S Joshi





REGISTERED OFFICE: 35 Avenue Road
Wolverhampton
WV3 9JS





REGISTERED NUMBER: 12668922 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

S & A Properties (West Mids) Ltd (Registered number: 12668922)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,000 325,000

CURRENT ASSETS
Debtors 5 5,075 5,042
Cash at bank 2,086 1,566
7,161 6,608
CREDITORS
Amounts falling due within one year 6 276,908 274,979
NET CURRENT LIABILITIES (269,747 ) (268,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,253

56,629

PROVISIONS FOR LIABILITIES 18,315 24,566
NET ASSETS 11,938 32,063

CAPITAL AND RESERVES
Called up share capital 8 1 1
Non distributable reserve 9 54,945 73,695
Retained earnings (43,008 ) (41,633 )
SHAREHOLDERS' FUNDS 11,938 32,063

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 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.

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 director and authorised for issue on 27 March 2025 and were signed by:



Mr S Joshi - Director


S & A Properties (West Mids) Ltd (Registered number: 12668922)

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

1. STATUTORY INFORMATION

S & A Properties (West Mids) Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable, excluding value added tax.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in the market value is recognised in profit or loss.

A transfer is made from retained earnings to the non distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided.

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.

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 1 (2023 - 1 ) .

S & A Properties (West Mids) Ltd (Registered number: 12668922)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 325,000
Revaluations (25,000 )
At 30 June 2024 300,000
NET BOOK VALUE
At 30 June 2024 300,000
At 30 June 2023 325,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 300,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 226,739 226,739

Investment property was valued on an open market basis on 30 June 2024 by the director, Mr S Joshi .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,001 968
Other debtors 4,074 4,074
5,075 5,042

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 244,988 244,696
Trade creditors - 105
Other creditors 28,800 28,800
Directors' current accounts 2,190 490
Accruals and deferred income 930 888
276,908 274,979

S & A Properties (West Mids) Ltd (Registered number: 12668922)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 244,988 244,696

The bank loan is secured by a charge on the investment property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Non
distributable
reserve
£   
At 1 July 2023 73,695
Transfer between reserves (18,750 )

At 30 June 2024 54,945