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Company Registration No. 11803742 (England and Wales)
Sigma Property Developments Ltd Unaudited accounts for the year ended 31 July 2024
Sigma Property Developments Ltd Unaudited accounts Contents
Page
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Sigma Property Developments Ltd Company Information for the year ended 31 July 2024
Directors
Daren Burney Mark Halama
Company Number
11803742 (England and Wales)
Registered Office
BURNEY COURT 113 MANOR ROAD CHIGWELL ESSEX IG7 5PS ENGLAND
Accountants
Andrew Rein Accountancy Services 14 The Drive Buckhurst Hill Essex IG9 5RB
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Sigma Property Developments Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
834 
Investment property
9,110,000 
8,600,000 
9,110,000 
8,600,834 
Current assets
Debtors
- 
20,000 
Cash at bank and in hand
1,428 
14,482 
1,428 
34,482 
Creditors: amounts falling due within one year
(694,404)
(603,726)
Net current liabilities
(692,976)
(569,244)
Total assets less current liabilities
8,417,024 
8,031,590 
Creditors: amounts falling due after more than one year
(6,267,977)
(6,442,778)
Net assets
2,149,047 
1,588,812 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,781,505 
1,284,974 
Profit and loss account
367,442 
303,738 
Shareholders' funds
2,149,047 
1,588,812 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by
Daren Burney Director Company Registration No. 11803742
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Sigma Property Developments Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Sigma Property Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11803742. The registered office is BURNEY COURT, 113 MANOR ROAD, CHIGWELL, ESSEX, IG7 5PS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
2,500 
At 31 July 2024
2,500 
Depreciation
At 1 August 2023
1,666 
Charge for the year
834 
At 31 July 2024
2,500 
Net book value
At 31 July 2024
- 
At 31 July 2023
834 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
8,600,000 
Additions
13,469 
Net gain from fair value adjustments
496,531 
At 31 July 2024
9,110,000 
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Sigma Property Developments Ltd Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
20,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
170,740 
142,500 
Taxes and social security
- 
55,440 
Other creditors
16,900 
- 
Loans from directors
380,605 
278,705 
Accruals
126,159 
127,081 
694,404 
603,726 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,826,020 
5,025,000 
Amounts owed to group undertakings and other participating interests
1,441,957 
1,417,778 
6,267,977 
6,442,778 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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