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
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
SI Land Limited
Statement of financial position
as at 30 September 2024
Tangible assets
565,285
539,713
Cash at bank and in hand
1,964
1,900
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)
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
SI Land Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 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.
The director has confirmed he will continue to financially support the company and therefore, the going concern basis of accounting is considered appropriate.
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
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
At 30 September 2024
518,982
46,303
565,285
At 30 September 2023
512,064
27,649
539,713
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
291
-
Other creditors
47,500
25,000
Loans from directors
404,493
408,101
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
251,478
249,479
SI Land Limited
Notes to the Accounts
for the year ended 30 September 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).