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Sistemas Y Estructuras UK Limited
























Financial statements



For the year ended 31 December 2024



Registered number: 14520677

 
Sistemas Y Estructuras UK Limited - Registered number:14520677


Statement of financial position
As at 31 December 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Deferred tax asset
 4 
4,540
-

Debtors
 4 
463
1,282

Cash at bank and in hand
  
5,536
5,969

  
10,539
7,251

Creditors: amounts falling due within one year
 5 
(32,391)
(34,369)

Net current liabilities
  
 
 
(21,852)
 
 
(27,118)

Total assets less current liabilities
  
(21,852)
(27,118)

  

Net liabilities
  
(21,852)
(27,118)


Capital and reserves
  

Share capital
  
1
1

Profit and loss account
  
(21,853)
(27,119)

  
(21,852)
(27,118)


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the director:




................................................
C A Sendin
Director

Date: 12 May 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
Sistemas Y Estructuras UK Limited
 
 

Notes to the financial statements
For the year ended 31 December 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered
office of the company is 48 Warwick Street, London, W1B 5AW. The company registration number is 14520677.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified
within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act
2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from the shareholder that they will continue to give financial support to the company for a period of at least
twelve months from the date of signing of these financial statements.
On this basis, the director considers it appropriate to prepare the financial statements on a going concern
basis. However, should the financial support mentioned above not be forthcoming, the going concern basis
used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which might be necessary should this basis not continue to be appropriate.

Page 2

 
Sistemas Y Estructuras UK Limited
 

Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
Sistemas Y Estructuras UK Limited
 

Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
Sistemas Y Estructuras UK Limited
 
 

Notes to the financial statements
For the year ended 31 December 2024

3.


Employees

The average monthly number of employees during the year was 0 (2023 - 0).


4.


Debtors

2024
2023
£
£

Due after more than one year

Deferred tax asset
4,540
-

4,540
-


2024
2023
£
£

Due within one year

Other debtors
463
904

Prepayments
-
378

463
1,282



5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
707
11,032

Amounts owed to group undertakings
16,609
8,812

Accruals
15,075
14,525

32,391
34,369



6.


Ultimate controlling party

The ultimate controlling party during the year ended 31 December 2024 was Marcial Portela Alvarez, by virtue of his controlling interest in the issued share capital of the parent company.
 
The smallest and largest group for which consolidated financial statements are prepared, which include the company, is ABM Inversiones y y Capital, S.L.U. Its registered office is Alameda Mazarredo 9 2º. 48001, Bilbao (Bizkaia) Spain.

Page 5

 
Sistemas Y Estructuras UK Limited
 
 

Notes to the financial statements
For the year ended 31 December 2024

7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 19 May 2025 by Philip Vipond (Senior Statutory Auditor) on behalf of EVMS Partners LLP.


Page 6