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REGISTERED NUMBER: 14340591 (England and Wales)


SY-Properties-UK Ltd

Unaudited Financial Statements

for the Year Ended 30th September 2024






SY-Properties-UK Ltd (Registered number: 14340591)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SY-Properties-UK Ltd

Company Information
for the Year Ended 30th September 2024







DIRECTORS: Mr Y Ramdane
Mrs S A Ramdane Abdelmalek





REGISTERED OFFICE: 69 Lambeth Walk
London
SE11 6DX





REGISTERED NUMBER: 14340591 (England and Wales)





ACCOUNTANTS: Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX

SY-Properties-UK Ltd (Registered number: 14340591)

Abridged Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,700,000 1,879,839

CURRENT ASSETS
Cash at bank and in hand 40,394 9,524

CREDITORS
Amounts falling due within one year 13,293 61,995
NET CURRENT ASSETS/(LIABILITIES) 27,101 (52,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,727,101

1,827,368

CREDITORS
Amounts falling due after more than one
year

1,864,474

1,870,000
NET LIABILITIES (137,373 ) (42,632 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (137,473 ) (42,732 )
SHAREHOLDERS' FUNDS (137,373 ) (42,632 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

SY-Properties-UK Ltd (Registered number: 14340591)

Abridged Balance Sheet - continued
30th September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th June 2025 and were signed on its behalf by:





Mr Y Ramdane - Director


SY-Properties-UK Ltd (Registered number: 14340591)

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

1. STATUTORY INFORMATION

SY-Properties-UK 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Turnover is generated from the ordinary activities of the business and is recognized when the right to consideration becomes due.

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 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.


SY-Properties-UK Ltd (Registered number: 14340591)

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

3. 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.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company is able to trade with the support of its directors and in their opinion, this support will continue for the foreseeable future and for at least 13 months from the date of approval of these financial statements. The financial statements are therefore prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 1,879,839
Revaluations (179,839 )
At 30th September 2024 1,700,000
NET BOOK VALUE
At 30th September 2024 1,700,000
At 30th September 2023 1,879,839

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2023 1,700,000

SY-Properties-UK Ltd (Registered number: 14340591)

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

5. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 1,879,839 1,879,839
Aggregate depreciation (37,596 ) (18,798 )

Investment property was valued on fair value basis on 30th September 2024 by Mr Y Ramdane, the director .

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

Myempakt Ltd
Company under common control

Included in Creditors: amount falling due after more then one year, there is an amount of £1,264,474 (2023: £1,310,000) owned to Myempakt Ltd. This is an interest free loan with no set repayment terms.

Empakt Ltd
Company under common control

At reporting date, the company owed £1,633 to Empakt Ltd. This is an interest free loan with no set repayment terms.

Included in Creditors: amount falling due after more then one year, there is an amount of £600,000 (2023: £560,000) owned to Empakt Ltd. This is an interest free loan with no set repayment terms.