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Registration number: 5586563

SBR London Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

SBR London Limited

Contents
__________________________________________________________________________

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

SBR London Limited

Company Information
__________________________________________________________________________

Directors

P Hoyland

R Hoyland

Registered office

28 Ashley Lane
Hendon
London
NW4 1HG


 

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
London
N3 2LJ

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Statutory Accounts of
SBR London Limited
__________________________________________________________________________

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SBR London Limited for the year ended 31 December 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of SBR London Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SBR London Limited and state those matters that we have agreed to state to the Board of Directors of SBR London Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SBR London Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SBR London Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SBR London Limited. You consider that SBR London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SBR London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Brooks Green Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

19 June 2025

 

SBR London Limited

Profit and Loss Account for the Year Ended 31 December 2024
__________________________________________________________________________

Note

2024
£

2023
£

Turnover

 

17,880

17,160

Administrative expenses

 

(4,199)

(4,527)

Operating profit

 

13,681

12,633

Other interest receivable and similar income

 

-

19

Interest payable and similar charges

 

(9,292)

(8,600)

Profit before tax

4,389

4,052

Taxation

 

-

(770)

Profit for the financial year

 

4,389

3,282

Retained earnings brought forward

 

119,033

115,751

Retained earnings carried forward

 

123,422

119,033

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

SBR London Limited

(Registration number: 5586563)
Balance Sheet as at 31 December 2024
__________________________________________________________________________

Note

2024
£

2023
£

           

Fixed assets

   

 

Investment property

3

 

207,048

 

207,048

Current assets

   

 

Debtors

4

236,735

 

271,736

 

Cash at bank and in hand

 

3,047

 

6,230

 

 

239,782

 

277,966

 

Creditors: Amounts falling due within one year

5

(165,919)

 

(204,014)

 

Net current assets

   

73,863

 

73,952

Total assets less current liabilities

   

280,911

 

281,000

Creditors: Amounts falling due after more than one year

5

 

(157,389)

 

(161,867)

Net assets

   

123,522

 

119,133

Capital and reserves

   

 

Called up share capital

6

100

 

100

 

Retained earnings

123,422

 

119,033

 

Shareholders' funds

   

123,522

 

119,133

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2025 and signed on its behalf by:
 

R Hoyland

Director

 

SBR London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
__________________________________________________________________________

1

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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 tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use 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 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.

 

SBR London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
__________________________________________________________________________

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.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Investment properties

2024
£

2021
£

At 1 January 2022 and 31 December2022

207,048

207,048

The Investment property is considered to be held by the Directors' at its fair market value at the balance sheet date.

4

Debtors

Current

2024
£

2023
£

Other debtors

236,735

271,736

 

236,735

271,736

 

SBR London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
__________________________________________________________________________

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

4,478

4,478

Trade creditors

 

83

338

Taxation and social security

 

-

770

Accruals and deferred income

 

480

480

Other creditors

 

160,878

197,948

 

165,919

204,014

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

157,389

161,867

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100