Registered number
13324341
S&B PROPERTY SOLUTIONS LTD
Filleted Accounts
30 April 2024
S&B PROPERTY SOLUTIONS LTD
Registered number: 13324341
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 567,718 571,115
Current assets
Debtors 4 32,131 15,275
Cash at bank and in hand 20,385 9,048
52,516 24,323
Creditors: amounts falling due within one year 5 (21,730) (24,915)
Net current assets/(liabilities) 30,786 (592)
Total assets less current liabilities 598,504 570,523
Creditors: amounts falling due after more than one year 6 (602,502) (583,853)
Net liabilities (3,998) (13,330)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (4,998) (14,330)
Shareholders' funds (3,998) (13,330)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mandeep Sidhu
Director
Approved by the board on 16 May 2025
S&B PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment - 10% per annum on cost.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment properties Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 May 2023 540,664 35,594 576,258
Additions - 180 180
At 30 April 2024 540,664 35,774 576,438
Depreciation
At 1 May 2023 - 5,143 5,143
Charge for the year - 3,577 3,577
At 30 April 2024 - 8,720 8,720
Net book value
At 30 April 2024 540,664 27,054 567,718
At 30 April 2023 540,664 30,451 571,115
4 Debtors 2024 2023
£ £
Trade debtors 32,131 15,275
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,890 22,995
Accrued expenses 3,840 1,920
21,730 24,915
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (secured) 524,050 263,925
Shareholders loans 78,452 319,928
602,502 583,853
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 524,050 263,925
Secured bank loans 524,050 263,925
The bank loan is secured by charges over the freehold investment properties owned by
the company.
8 Other information
S&B PROPERTY SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
128 A Evington Road
Leicester
LE2 1HL
S&B PROPERTY SOLUTIONS LTD 13324341 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2024 Mandeep Sidhu No description of principal activity 13324341 2022-04-09 2023-04-30 13324341 core:WithinOneYear 2023-04-30 13324341 core:AfterOneYear 2023-04-30 13324341 core:ShareCapital 2023-04-30 13324341 core:RetainedEarningsAccumulatedLosses 2023-04-30 13324341 2023-05-01 2024-04-30 13324341 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13324341 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13324341 bus:Director40 2023-05-01 2024-04-30 13324341 1 2023-05-01 2024-04-30 13324341 2 2023-05-01 2024-04-30 13324341 core:LandBuildings 2023-05-01 2024-04-30 13324341 core:PlantMachinery 2023-05-01 2024-04-30 13324341 countries:England 2023-05-01 2024-04-30 13324341 bus:FRS102 2023-05-01 2024-04-30 13324341 bus:FilletedAccounts 2023-05-01 2024-04-30 13324341 2024-04-30 13324341 core:WithinOneYear 2024-04-30 13324341 core:AfterOneYear 2024-04-30 13324341 core:ShareCapital 2024-04-30 13324341 core:RetainedEarningsAccumulatedLosses 2024-04-30 13324341 core:LandBuildings 2024-04-30 13324341 core:PlantMachinery 2024-04-30 13324341 2023-04-30 13324341 core:LandBuildings 2023-04-30 13324341 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure