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Registration number: 12891161

SBYT Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

SBYT Group Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

SBYT Group Limited

Company Information

Director

Mrs B J Rumble

Registered office

7 Kennedy Road
Shrewsbury
Shropshire
SY3 7AD

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

SBYT Group Limited

(Registration number: 12891161)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

433

633

Investment property

5

821,894

821,894

 

822,327

822,527

Current assets

 

Cash at bank and in hand

 

19,070

27,888

Creditors: Amounts falling due within one year

6

(805,917)

(821,301)

Net current liabilities

 

(786,847)

(793,413)

Net assets

 

35,480

29,114

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

35,479

29,113

Shareholders' funds

 

35,480

29,114

For the financial 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.

Director's 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 director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 June 2025
 


Mrs B J Rumble
Director

 

SBYT Group Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Kennedy Road
Shrewsbury
Shropshire
SY3 7AD

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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

The financial statements have been prepared on a going concern basis.

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.

 

SBYT Group Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

Over 4 years straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The value is based on 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

SBYT Group Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

799

799

At 30 September 2024

799

799

Depreciation

At 1 October 2023

166

166

Charge for the year

200

200

At 30 September 2024

366

366

Carrying amount

At 30 September 2024

433

433

At 30 September 2023

633

633

5

Investment properties

2024
£

At 1 October

821,894

At 30 September

821,894

The director has reviewed the value of the investment property at 30 September 2024 and considers it to be at deemed market value.

There has been no valuation of investment property by an independent valuer.

 

SBYT Group Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,800

749

Accruals and deferred income

576

1,710

Other creditors

803,541

818,842

805,917

821,301

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Related party transactions

At 30 September 2024 there was a balance of £803,541 (2023 - £818,842) due to the director, which is included in other creditors. This is unsecured, interest free and with no fixed terms of repayment.