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REGISTERED NUMBER: 05214664 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

SYMON DONOVAN PROPERTIES LIMITED

SYMON DONOVAN PROPERTIES LIMITED (REGISTERED NUMBER: 05214664)






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


SYMON DONOVAN PROPERTIES LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S D Donovan





SECRETARY: M C Donovan





REGISTERED OFFICE: 117 St Mary's Road
Sheffield
S2 4BE





REGISTERED NUMBER: 05214664 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

SYMON DONOVAN PROPERTIES LIMITED (REGISTERED NUMBER: 05214664)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,096 30,096
Tangible assets 5 126,416 123,189
Investment property 6 13,858,840 14,039,840
14,015,352 14,193,125

CURRENT ASSETS
Debtors 7 442,044 441,210
Cash at bank 339,558 370,835
781,602 812,045
CREDITORS
Amounts falling due within one year 8 73,604 39,492
NET CURRENT ASSETS 707,998 772,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,723,350

14,965,678

CREDITORS
Amounts falling due after more than one year 9 (6,992,508 ) (7,192,799 )

PROVISIONS FOR LIABILITIES (662,018 ) (661,021 )
NET ASSETS 7,068,824 7,111,858

CAPITAL AND RESERVES
Called up share capital 1,400 1,400
Share premium 2,264,796 2,264,796
Fair value reserve 11 4,579,529 4,624,396
Retained earnings 223,099 221,266
SHAREHOLDERS' FUNDS 7,068,824 7,111,858

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.

SYMON DONOVAN PROPERTIES LIMITED (REGISTERED NUMBER: 05214664)

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 director and authorised for issue on 15 March 2025 and were signed by:





S D Donovan - Director


SYMON DONOVAN PROPERTIES LIMITED (REGISTERED NUMBER: 05214664)

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

1. STATUTORY INFORMATION

Symon Donovan Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced property rents.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - equally over the term of the lease
Plant and machinery etc - 25% on reducing balance and 20% on 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

SYMON DONOVAN PROPERTIES LIMITED (REGISTERED NUMBER: 05214664)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated impairment losses. No amortisation is charged as the asset is deemed to have an infinite useful life.

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 136,049 373,402 509,451
Additions - 5,400 5,400
At 30 June 2024 136,049 378,802 514,851
DEPRECIATION
At 1 July 2023 13,605 372,657 386,262
Charge for year 907 1,266 2,173
At 30 June 2024 14,512 373,923 388,435
NET BOOK VALUE
At 30 June 2024 121,537 4,879 126,416
At 30 June 2023 122,444 745 123,189

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 14,039,840
Disposals (221,000 )
Revaluations 40,000
At 30 June 2024 13,858,840
NET BOOK VALUE
At 30 June 2024 13,858,840
At 30 June 2023 14,039,840

SYMON DONOVAN PROPERTIES LIMITED (REGISTERED NUMBER: 05214664)

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

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2011 1,089,842
Valuation in 2015 1,005,020
Valuation in 2016 1,349,442
Valuation in 2018 124,705
Valuation in 2019 63,672
Valuation in 2020 1,041,991
Valuation in 2021 473,455
Valuation in 2022 52,760
Valuation in 2023 84,530
Valuation in 2024 (43,870 )
Cost 8,617,293
13,858,840

If the investment properties had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 8,617,293 8,754,423

Investment properties were valued on an open market basis on 30 June 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 442,044 441,210

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 3,180 3,180
Trade creditors 132 114
Taxation and social security 8,258 2,198
Other creditors 62,034 34,000
73,604 39,492

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 6,992,508 7,192,799

SYMON DONOVAN PROPERTIES LIMITED (REGISTERED NUMBER: 05214664)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 6,948,308 3,857,199

Repayable by instalments
Bank loans more 5 yr by instal 31,480 34,660

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 6,995,688 7,195,979

Bank loans are secured over the assets of the company and personal guarantees have been given by the director.

11. RESERVES
Fair
value
reserve
£   
At 1 July 2023 4,624,396
Revaluation in year (44,867 )

At 30 June 2024 4,579,529

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S D Donovan and M C Donovan.