| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 September 2024 |
| for |
| Symquilo Properties Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 September 2024 |
| for |
| Symquilo Properties Ltd |
| Symquilo Properties Ltd (Registered number: 13297468) |
| Contents of the Financial Statements |
| for the Year Ended 28 September 2024 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3 |
| Symquilo Properties Ltd (Registered number: 13297468) |
| Statement of Financial Position |
| 28 September 2024 |
| 28.9.24 | 28.9.23 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Inventories |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| Symquilo Properties Ltd (Registered number: 13297468) |
| Statement of Financial Position - continued |
| 28 September 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Symquilo Properties Ltd (Registered number: 13297468) |
| Notes to the Financial Statements |
| for the Year Ended 28 September 2024 |
| 1. | STATUTORY INFORMATION |
| Symquilo Properties Ltd is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Stocks |
| Stock representing properties intended for resale is valued at the lower of cost and estimated selling price less costs to complete and sell. Costs incurred in refurbishing properties to the resale standard are included in the cost of each property. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Symquilo Properties Ltd (Registered number: 13297468) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The company has net liabilities of £7,623. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.9.24 | 28.9.23 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.9.24 | 28.9.23 |
| £ | £ |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.9.24 | 28.9.23 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Symquilo Properties Ltd (Registered number: 13297468) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 September 2024 |
| 7. | RELATED PARTY DISCLOSURES |
| The company owes £134,397 including SEK 1,550,000 (2023: £131,507 including SEK 1,550,000) to its director, Mrs Sara Martina Janmyr who is also a 50% shareholder of the company as at accounting year end date. |
| The company owes £134,231 including SEK 1,550,000 (2023: £131,341 including SEK 1,550,000) to its director, Miss Anna Helena Porsch who is also a 50% shareholder of the company as at accounting year end date. |
| The company owes £27,068 including SEK 350,000 (2023: £26,415 including SEK 350,000) as at accounting year end date to Equilo Sweden AB, a company registered in Sweden (Company registered number: 556832-7513). Mrs Sara Martina Janmyr is a Chief Executive Officer (CEO) of this company. |
| The company was owed £146,525 (2023: £143,825) as at accounting year end date from Symquilo Living Ltd, a company registered in United Kingdom (Company registered number: 13325073). Mrs Sara Martina Janmyr and Miss Anna Helena Porsch are also directors and shareholders of this company holding 50% each in this company. |