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Company Registration No. 07005603 (England and Wales)
SI Land Limited Unaudited accounts for the year ended 30 September 2024
SI Land Limited Unaudited accounts Contents
Page
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SI Land Limited Company Information for the year ended 30 September 2024
Director
Mr. N. Leadbitter
Company Number
07005603 (England and Wales)
Registered Office
83 DUCIE STREET MANCHESTER M1 2JQ United Kingdom
Accountants
The Straightener Limited 83 Ducie Street Manchester M1 2JQ
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SI Land Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
565,285 
539,713 
Current assets
Debtors
6,532 
4,224 
Cash at bank and in hand
1,964 
1,900 
8,496 
6,124 
Creditors: amounts falling due within one year
(453,422)
(435,701)
Net current liabilities
(444,926)
(429,577)
Total assets less current liabilities
120,359 
110,136 
Creditors: amounts falling due after more than one year
(251,478)
(249,479)
Provisions for liabilities
Deferred tax
(5,759)
(6,912)
Net liabilities
(136,878)
(146,255)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(136,879)
(146,256)
Shareholders' funds
(136,878)
(146,255)
For the year ending 30 September 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 14 June 2025 and were signed on its behalf by
Mr. N. Leadbitter Director Company Registration No. 07005603
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SI Land Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
SI Land Limited is a private company, limited by shares, registered in England and Wales, registration number 07005603. The registered office is 83 DUCIE STREET, MANCHESTER, M1 2JQ, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Land and buildings include a large property in the form of stables, tack room, paddocks, residential accommodation and a car park all for the company's own use. The property was brought into use in November 2023. Land is not depreciated. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% per annum reducing balance basis
Plant & machinery
25%/50% per annum straight line basis
Motor vehicles
25% per annum straight line basis
Computer equipment
33% per annum straight line basis
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The director has confirmed he will continue to financially support the company and therefore, the going concern basis of accounting is considered appropriate.
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SI Land Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
512,064 
76,498 
588,562 
Additions
19,526 
38,613 
58,139 
Disposals
- 
(1,000)
(1,000)
At 30 September 2024
531,590 
114,111 
645,701 
Depreciation
At 1 October 2023
- 
48,849 
48,849 
Charge for the year
12,608 
18,959 
31,567 
At 30 September 2024
12,608 
67,808 
80,416 
Net book value
At 30 September 2024
518,982 
46,303 
565,285 
At 30 September 2023
512,064 
27,649 
539,713 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,832 
4,224 
Other debtors
1,700 
- 
6,532 
4,224 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(862)
283 
Taxes and social security
291 
- 
Other creditors
47,500 
25,000 
Loans from directors
404,493 
408,101 
Accruals
2,000 
1,000 
Deferred income
- 
1,317 
453,422 
435,701 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
251,478 
249,479 
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SI Land Limited Notes to the Accounts for the year ended 30 September 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr. N. Leadbitter
Amounts due to director
408,101 
21,622 
25,230 
404,493 
408,101 
21,622 
25,230 
404,493 
The director has invested his own personal monies in the development of the land owned by SI Land Limited. Interest at the rate of 2% per annum is applied based on the average loan amount. There are no plans to start to repay this loan until the company is financially able to.
9
Transactions with related parties
Ms. Susan Inglis, partner of the director Nigel Leadbitter, has as at 30th September 2024 personally loaned the company £251,478. This loan is not repayable on demand and an interest rate of 2% per annum has been applied to this loan based on the average loan amount and is included within other creditors due after 1 year.
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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