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Company Registration No. 08145500 (England and Wales)
Sigma Property Co. Limited Unaudited accounts for the year ended 31 July 2024
Sigma Property Co. Limited Unaudited accounts Contents
Page
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Sigma Property Co. Limited Company Information for the year ended 31 July 2024
Directors
M Halama D Burney
Company Number
08145500 (England and Wales)
Registered Office
BURNEY COURT 113 MANOR ROAD CHIGWELL ESSEX IG7 5PS United Kingdom
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Sigma Property Co. Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
661 
Investment property
16,737,092 
12,905,000 
Investments
2,149,047 
1,588,812 
18,886,139 
14,494,473 
Current assets
Debtors
3,657,508 
3,108,062 
Cash at bank and in hand
405,018 
15,619 
4,062,526 
3,123,681 
Creditors: amounts falling due within one year
(2,147,835)
(439,359)
Net current assets
1,914,691 
2,684,322 
Total assets less current liabilities
20,800,830 
17,178,795 
Creditors: amounts falling due after more than one year
(10,937,880)
(8,989,027)
Net assets
9,862,950 
8,189,768 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
4,600,264 
3,591,627 
Fair value reserve
2,148,947 
1,588,712 
Profit and loss account
3,113,737 
3,009,427 
Shareholders' funds
9,862,950 
8,189,768 
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
D Burney Director Company Registration No. 08145500
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Sigma Property Co. Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Sigma Property Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 08145500. The registered office is BURNEY COURT, 113 MANOR ROAD, CHIGWELL, ESSEX, IG7 5PS, United Kingdom.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
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Sigma Property Co. Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
1,981 
At 31 July 2024
1,981 
Depreciation
At 1 August 2023
1,320 
Charge for the year
661 
At 31 July 2024
1,981 
Net book value
At 31 July 2024
- 
At 31 July 2023
661 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
12,905,000 
Additions
2,823,455 
Net gain from fair value adjustments
1,008,637 
At 31 July 2024
16,737,092 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
1,588,812 
Fair value adjustments
560,235 
Valuation at 31 July 2024
2,149,047 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
298,922 
- 
Amounts due from group undertakings etc.
3,060,780 
3,033,503 
Accrued income and prepayments
254,906 
74,559 
Other debtors
42,900 
- 
3,657,508 
3,108,062 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
188,000 
136,000 
Taxes and social security
- 
18,059 
Accruals
1,959,835 
285,300 
2,147,835 
439,359 
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Sigma Property Co. Limited Notes to the Accounts for the year ended 31 July 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,681,965 
6,310,000 
Amounts owed to group undertakings and other participating interests
1,641,997 
1,641,997 
Other creditors
1,181,040 
- 
Loans from directors
1,432,878 
1,037,030 
10,937,880 
8,989,027 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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