SBPMACK Limited 13971789 false 2023-04-01 2024-09-30 2024-09-30 The principal activity of the company is that of buying and selling real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13971789 2023-04-01 2024-09-30 13971789 2024-09-30 13971789 bus:OrdinaryShareClass1 2024-09-30 13971789 core:CurrentFinancialInstruments 2024-09-30 13971789 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 13971789 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 13971789 bus:SmallEntities 2023-04-01 2024-09-30 13971789 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-09-30 13971789 bus:FilletedAccounts 2023-04-01 2024-09-30 13971789 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-09-30 13971789 bus:RegisteredOffice 2023-04-01 2024-09-30 13971789 bus:CompanySecretaryDirector1 2023-04-01 2024-09-30 13971789 bus:OrdinaryShareClass1 2023-04-01 2024-09-30 13971789 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 13971789 core:ParentEntities 2023-04-01 2024-09-30 13971789 countries:EnglandWales 2023-04-01 2024-09-30 13971789 2023-03-31 13971789 2022-03-11 2023-03-31 13971789 2023-03-31 13971789 bus:OrdinaryShareClass1 2023-03-31 13971789 core:CurrentFinancialInstruments 2023-03-31 13971789 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13971789 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13971789

SBPMACK Limited

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 April 2023 to 30 September 2024

 

SBPMACK Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

SBPMACK Limited

Company Information

Director

Mr A R Williams

Company secretary

Mr A R Williams

Registered office

Unit 1, The Precinct
9-15 New Road
Porthcawl
Bridgend
CF36 5DL

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

SBPMACK Limited

(Registration number: 13971789)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

250,000

250,000

Current assets

 

Debtors

-

6,709

Creditors: Amounts falling due within one year

5.1

(23,862)

(11,427)

Net current liabilities

 

(23,862)

(4,718)

Total assets less current liabilities

 

226,138

245,282

Creditors: Amounts falling due after more than one year

5.2

(166,453)

(173,795)

Accruals and deferred income

 

(960)

(960)

Net assets

 

58,725

70,527

Capital and reserves

 

Called up share capital

6

1

1

Other reserves

74,901

74,901

Retained earnings

(16,177)

(4,375)

Shareholders' funds

 

58,725

70,527

 

SBPMACK Limited

(Registration number: 13971789)
Abridged Balance Sheet as at 30 September 2024

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 June 2025
 

.........................................

Mr A R Williams
Company secretary and director

 

SBPMACK Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1, The Precinct
9-15 New Road
Porthcawl
Bridgend
CF36 5DL

These financial statements were authorised for issue by the director on 4 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The balance sheet is showing a negative reserve due to losses made in the financial period. The parent company remains supportive of the company and director anticipate that the company will continue to meet its day to day working capital commitments. As a result if this, the going concern basis has been adopted.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of good and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value
added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SBPMACK Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 September 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director used observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

SBPMACK Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 30 September 2024

4

Tangible assets

Investment properties

2024
£

At 1 April

250,000

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £11,312 (2023: £11,312).

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £166,453 due after more than one year (2023: £173,795).

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

7

Related party transactions

Summary of transactions with parent

Relationship: Parent company

 During the period the company was provided with an unsecured, interest free, repayable on demand loan from its parent company. At the balance sheet date the amount owed to/(from) the parent company is £12,550 (2023: £(6,709)).