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REGISTERED NUMBER: 00641164 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

"Sylenta" Properties Limited

"Sylenta" Properties Limited (Registered number: 00641164)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


"Sylenta" Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr R A Stanley
Mrs J A Stanley





REGISTERED OFFICE: C/O Dragon Coworking
7/8 New Road Avenue
Chatham
Kent
ME4 6BB





REGISTERED NUMBER: 00641164 (England and Wales)





ACCOUNTANTS: Accsys Accountants (Medway) Limited
F39 Innovation Centre Medway
Chatham
Kent
ME5 9FD

"Sylenta" Properties Limited (Registered number: 00641164)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £ £ £
FIXED ASSETS
Tangible assets 4 3,045 3,607
Investment property 5 4,475,000 4,475,000
4,478,045 4,478,607

CURRENT ASSETS
Debtors 6 151,133 207,715
Cash at bank and in hand 371,978 255,022
523,111 462,737
CREDITORS
Amounts falling due within one year 7 107,480 112,879
NET CURRENT ASSETS 415,631 349,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,893,676

4,828,465

CREDITORS
Amounts falling due after more than one
year

8

(1,073,511

)

(1,081,128

)

PROVISIONS FOR LIABILITIES (355,680 ) (270,506 )
NET ASSETS 3,464,485 3,476,831

CAPITAL AND RESERVES
Called up share capital 6,039 6,039
Share premium 11 17,000 17,000
Other reserves 11 48,167 48,167
Non distributable reserves 11 1,665,088 1,750,338
Retained earnings 11 1,728,191 1,655,287
3,464,485 3,476,831

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

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

"Sylenta" Properties Limited (Registered number: 00641164)

Statement of Financial Position - continued
30 September 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 24 April 2025 and were signed on its behalf by:





Mr R A Stanley - Director


"Sylenta" Properties Limited (Registered number: 00641164)

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

1. STATUTORY INFORMATION

"Sylenta" 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements relate to the individual entity only.

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 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.
Furniture and equipment - 15% on reducing balance

At each Statement of Financial Position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

"Sylenta" Properties Limited (Registered number: 00641164)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Furniture
and
equipment
£
COST
At 1 October 2023
and 30 September 2024 19,355
DEPRECIATION
At 1 October 2023 15,748
Charge for year 562
At 30 September 2024 16,310
NET BOOK VALUE
At 30 September 2024 3,045
At 30 September 2023 3,607

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023
and 30 September 2024 4,475,000
NET BOOK VALUE
At 30 September 2024 4,475,000
At 30 September 2023 4,475,000

Fair value at 30 September 2024 is represented by:
£
Valuation in 2024 4,475,000

"Sylenta" Properties Limited (Registered number: 00641164)

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

5. INVESTMENT PROPERTY - continued

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

30.9.24 30.9.23
£ £
Cost 2,454,701 2,454,701

The investment properties were valued on an open market basis on 30 September 2024 by the directors .

6. DEBTORS
30.9.24 30.9.23
£ £
Amounts falling due within one year:
Trade debtors 62,102 79,033
Other debtors 11,031 38,682
73,133 117,715

Amounts falling due after more than one year:
Trade debtors 78,000 90,000

Aggregate amounts 151,133 207,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Bank loans and overdrafts 17,360 19,798
Trade creditors 5,623 6,321
Taxation and social security 27,450 21,233
Other creditors 57,047 65,527
107,480 112,879

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£ £
Bank loans 1,073,511 1,081,128

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£ £
Within one year 2,843 -
Between one and five years 7,819 -
10,662 -

"Sylenta" Properties Limited (Registered number: 00641164)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£ £
Bank loans 1,090,871 1,100,926

The Bank loans and overdrafts are secured by a charge over the company's freehold properties.

11. RESERVES
Non
Retained Share Other distributable
earnings premium reserves reserves Totals
£ £ £ £ £

At 1 October 2023 1,655,287 17,000 48,167 1,750,338 3,470,792
Deficit for the year (8,360 ) (8,360 )
Dividends (3,986 ) (3,986 )
Deferred tax on revaluation 85,250 - - (85,250 ) -
At 30 September 2024 1,728,191 17,000 48,167 1,665,088 3,458,446

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£ £
Mr R A Stanley
Balance outstanding at start of year 31,452 4,627
Amounts advanced - 65,050
Amounts repaid (31,452 ) (38,225 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 31,452