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REGISTERED NUMBER: 11530842 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

SISTERS AND SEASONS LTD

SISTERS AND SEASONS LTD (REGISTERED NUMBER: 11530842)






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


SISTERS AND SEASONS LTD

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs S A Crossland





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 11530842 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

SISTERS AND SEASONS LTD (REGISTERED NUMBER: 11530842)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,800 -
Tangible assets 5 14,951 10,500
Investment property 6 407,987 407,987
424,738 418,487

CURRENT ASSETS
Cash at bank 2,077 13,657

CREDITORS
Amounts falling due within one year 7 160,808 141,582
NET CURRENT LIABILITIES (158,731 ) (127,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,007

290,562

CREDITORS
Amounts falling due after more than one
year

8

288,950

288,950
NET (LIABILITIES)/ASSETS (22,943 ) 1,612

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (23,043 ) 1,512
SHAREHOLDERS' FUNDS (22,943 ) 1,612

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 director acknowledges her 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.

SISTERS AND SEASONS LTD (REGISTERED NUMBER: 11530842)

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 director and authorised for issue on 27 May 2025 and were signed by:





Mrs S A Crossland - Director


SISTERS AND SEASONS LTD (REGISTERED NUMBER: 11530842)

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

1. STATUTORY INFORMATION

Sisters And Seasons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Turnover represents rents receivable net of VAT where applicable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property, being property that is held either to earn rental income or for capital appreciation or both, is stated at its fair value at the balance sheet date.

Investment property is measured initially at cost including transaction costs and thereafter is stated at fair value, which reflects market conditions at the balance sheet date. Gains and losses arising from changes in the fair value of investment property are included in profit or loss for the period in which they arise.

Investment property is stated at fair value as determined by the director. The fair value represents the amount at which the asset could be sold on the open market in an arms-length transaction at the date of valuation. In assessing the fair value of investment property, the director makes use of historical and current market data.

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.


SISTERS AND SEASONS LTD (REGISTERED NUMBER: 11530842)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 2,000
At 31 August 2024 2,000
AMORTISATION
Charge for year 200
At 31 August 2024 200
NET BOOK VALUE
At 31 August 2024 1,800

SISTERS AND SEASONS LTD (REGISTERED NUMBER: 11530842)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 14,000
Additions 9,435
At 31 August 2024 23,435
DEPRECIATION
At 1 September 2023 3,500
Charge for year 4,984
At 31 August 2024 8,484
NET BOOK VALUE
At 31 August 2024 14,951
At 31 August 2023 10,500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 407,987
NET BOOK VALUE
At 31 August 2024 407,987
At 31 August 2023 407,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security - 868
Other creditors 160,808 140,714
160,808 141,582

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 288,950 288,950

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans repayable in more than 5 years
otherwise than by instalments

288,950

288,950

SISTERS AND SEASONS LTD (REGISTERED NUMBER: 11530842)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 288,950 288,950

Bank loans are secured by a fixed charge and legal mortgage over the freehold and leasehold investment property of the company.