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REGISTERED NUMBER: 09165514 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Sellman Properties Newman Rd Ltd

Sellman Properties Newman Rd Ltd (Registered number: 09165514)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sellman Properties Newman Rd Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J P Sellman
Mrs C Sellman





REGISTERED OFFICE: 6 Trinity Place
Midland Drive
Sutton Coldfield
B72 1TX





REGISTERED NUMBER: 09165514 (England and Wales)






Sellman Properties Newman Rd Ltd (Registered number: 09165514)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Investment property 4 935,660 935,660

CURRENT ASSETS
Debtors 5 118,326 118,048
Cash at bank 8,709 7,413
127,035 125,461
CREDITORS
Amounts falling due within one year 6 (2,807 ) (13,470 )
NET CURRENT ASSETS 124,228 111,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,059,888

1,047,651

CREDITORS
Amounts falling due after more than one
year

7

(684,686

)

(670,402

)

PROVISIONS FOR LIABILITIES (67,450 ) (67,450 )
NET ASSETS 307,752 309,799

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 287,550 287,550
Retained earnings 20,102 22,149
307,752 309,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sellman Properties Newman Rd Ltd (Registered number: 09165514)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mrs C Sellman - Director


Sellman Properties Newman Rd Ltd (Registered number: 09165514)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sellman Properties Newman Rd Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 935,660
NET BOOK VALUE
At 31 August 2024 935,660
At 31 August 2023 935,660

Sellman Properties Newman Rd Ltd (Registered number: 09165514)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY - continued

Investment property has been valued by the director on an open market basis

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 850 850
Amounts owed by associates 117,476 117,198
118,326 118,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to associates 482 560
Taxation and social security 338 4,165
Other creditors 1,987 8,745
2,807 13,470

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 594,779 594,779
Other creditors 89,907 75,623
684,686 670,402

8. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 287,550

9. ULTIMATE CONTROLLING PARTY

The controlling party is J P Sellman.