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REGISTERED NUMBER: 11281293 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

SBC 2018 Limited

SBC 2018 Limited (Registered number: 11281293)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SBC 2018 Limited (Registered number: 11281293)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Investments 4 47,000 47,000
Investment property 5 230,500 189,715
277,500 236,715

CURRENT ASSETS
Debtors 6 6,375 -
Cash at bank 90,066 22,364
96,441 22,364
CREDITORS
Amounts falling due within one year 7 (235,440 ) (236,577 )
NET CURRENT LIABILITIES (138,999 ) (214,213 )
TOTAL ASSETS LESS CURRENT LIABILITIES 138,501 22,502

PROVISIONS FOR LIABILITIES (31,460 ) (10,000 )
NET ASSETS 107,041 12,502

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 64,380 -
Retained earnings 42,561 12,402
107,041 12,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SBC 2018 Limited (Registered number: 11281293)

Balance Sheet - continued
30 September 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 9 May 2025 and were signed by:





Mrs M J Sainter - Director


SBC 2018 Limited (Registered number: 11281293)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

SBC 2018 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11281293

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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 represents rents receivable.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Peninsula
Finance
plc
£   
At 1 October 2023
and 30 September 2024 47,000

SBC 2018 Limited (Registered number: 11281293)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 189,715
Disposals (45,055 )
Revaluations 85,840
At 30 September 2024 230,500
NET BOOK VALUE
At 30 September 2024 230,500
At 30 September 2023 189,715

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 230,500

If the investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 144,660 189,715

The investment property was valued on an open market basis on 30 September 2024 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 6,375 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed to group undertakings 208,024 208,490
Taxation and social security 3,055 3,726
Other creditors 24,361 24,361
235,440 236,577

8. RESERVES
Fair
value
reserve
£   
Revaluation in the year 64,380

At 30 September 2024 64,380