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Company Registration No. 11511978 (England and Wales)
Sweetman Property Ltd Unaudited accounts for the year ended 31 August 2024
Sweetman Property Ltd Unaudited accounts Contents
Page
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Sweetman Property Ltd Company Information for the year ended 31 August 2024
Director
Mr Jason Sweetman
Company Number
11511978 (England and Wales)
Registered Office
246 Godstone Road Whyteleafe Surrey CR3 0EF United Kingdom
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Sweetman Property Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,907,804 
1,907,804 
Current assets
Debtors
(1,800)
- 
Cash at bank and in hand
23,147 
4,549 
21,347 
4,549 
Creditors: amounts falling due within one year
(20,183)
(27,961)
Net current assets/(liabilities)
1,164 
(23,412)
Total assets less current liabilities
1,908,968 
1,884,392 
Creditors: amounts falling due after more than one year
(838,656)
(815,324)
Net assets
1,070,312 
1,069,068 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
1,086,833 
1,086,833 
Profit and loss account
(16,522)
(17,766)
Shareholders' funds
1,070,312 
1,069,068 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2025 and were signed on its behalf by
Mr Jason Sweetman Director Company Registration No. 11511978
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Sweetman Property Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Sweetman Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11511978. The registered office is 246 Godstone Road, Whyteleafe, Surrey, CR3 0EF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis.The companies ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
1,907,804 
At 31 August 2024
1,907,804 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
(1,800)
- 
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Sweetman Property Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
7,683 
Trade creditors
5,912 
- 
Taxes and social security
1,621 
1,329 
Other creditors
5,567 
4,949 
Loans from directors
7,083 
14,000 
20,183 
27,961 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
669,400 
669,400 
Other creditors
169,256 
145,924 
838,656 
815,324 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
The company is under the control of Mr Jason Sweetman throughout the current year.He is the sole director and the shareholder holding 100% shares in the company.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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