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
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
Sigma Property Co. Limited
Statement of financial position
as at 31 July 2024
Investment property
16,737,092
12,905,000
Investments
2,149,047
1,588,812
Debtors
3,657,508
3,108,062
Cash at bank and in hand
405,018
15,619
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
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
Sigma Property Co. Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Sigma Property Co. Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 August 2023
12,905,000
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
Amounts falling due within one year
Amounts due from group undertakings etc.
3,060,780
3,033,503
Accrued income and prepayments
254,906
74,559
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
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
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).