Registered number
09303592
SBL Enterprises Limited
Filleted Accounts
30 September 2024
SBL Enterprises Limited
Registered number: 09303592
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 930,000 930,000
Current assets
Debtors 4 3,886 3,473
Cash at bank and in hand 7,635 13,332
11,521 16,805
Creditors: amounts falling due within one year 5 (23,332) (23,082)
Net current liabilities (11,811) (6,277)
Total assets less current liabilities 918,189 923,723
Creditors: amounts falling due after more than one year 6 (642,000) (685,000)
Net assets 276,189 238,723
Capital and reserves
Called up share capital 100 100
Fair Value Reserve 8 60,205 60,205
Profit and loss account 215,884 178,418
Shareholder's funds 276,189 238,723
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S A Blanksby
Director
Approved by the board on 20 June 2025
SBL Enterprises Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment and furnishings 33% straight line
Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Equipment and furnishings Total
£ £ £
Cost
At 1 October 2023 930,000 9,128 939,128
At 30 September 2024 930,000 9,128 939,128
Depreciation
At 1 October 2023 - 9,128 9,128
At 30 September 2024 - 9,128 9,128
Net book value
At 30 September 2024 930,000 - 930,000
At 30 September 2023 930,000 - 930,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 866,075 866,075
Cumulative depreciation based on historical cost - -
866,075 866,075
The value of investment property has been determined by the director at each financial year end based on open market values. Investment property consists of student accommodation for which there is a ready market and valuations have been based on recent sale prices of similar properties.
4 Debtors 2024 2023
£ £
Trade debtors 3,153 2,783
Other debtors 733 690
3,886 3,473
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,071 -
Corporation tax 12,743 13,203
Other creditors 8,518 9,879
23,332 23,082
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 642,000 685,000
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 642,000 685,000
The loans have been provided by the director and are subject to annual interest of 0.75-1.25%
8 Fair Value Reserve 2024 2023
£ £
At 1 October 2023 60,205 60,205
At 30 September 2024 60,205 60,205
9 Controlling party
The ultimate controlling party is S A Blanksby, who is sole director and shareholder.
10 Other information
SBL Enterprises Limited is a private company limited by shares and incorporated in England. Its registered office is:
40 Wenwell Close
Aston Clinton
BUCKS
HP22 5LG
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