IRIS Accounts Production v25.1.4.42 12032215 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Fair value model 945 2956 23444 5980 24389 2079 945 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120322152023-07-31120322152024-07-31120322152023-08-012024-07-31120322152022-07-31120322152022-08-012023-07-31120322152023-07-3112032215ns15:EnglandWales2023-08-012024-07-3112032215ns14:PoundSterling2023-08-012024-07-3112032215ns10:Director12023-08-012024-07-3112032215ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112032215ns10:SmallEntities2023-08-012024-07-3112032215ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112032215ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112032215ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112032215ns10:FullAccounts2023-08-012024-07-3112032215ns10:Director1412023-07-3112032215ns10:Director1412022-07-3112032215ns10:Director1412023-08-012024-07-3112032215ns10:Director1412022-08-012023-07-3112032215ns10:Director1412023-07-3112032215ns5:CurrentFinancialInstruments2024-07-3112032215ns5:CurrentFinancialInstruments2023-07-3112032215ns5:Non-currentFinancialInstruments2024-07-3112032215ns5:Non-currentFinancialInstruments2023-07-3112032215ns5:ShareCapital2024-07-3112032215ns5:ShareCapital2023-07-3112032215ns5:RevaluationReserve2024-07-3112032215ns5:RevaluationReserve2023-07-3112032215ns5:RetainedEarningsAccumulatedLosses2024-07-3112032215ns5:RetainedEarningsAccumulatedLosses2023-07-3112032215ns10:RegisteredOffice2023-08-012024-07-3112032215ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112032215ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3112032215ns5:RevaluationReserve2023-07-3112032215ns10:Director22023-08-012024-07-3112032215ns10:Director222023-07-3112032215ns10:Director222022-07-3112032215ns10:Director222023-08-012024-07-3112032215ns10:Director222022-08-012023-07-3112032215ns10:Director222024-07-3112032215ns10:Director222023-07-311203221512023-08-012024-07-31
REGISTERED NUMBER: 12032215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SBN PROPERTY SOLUTIONS LTD

SBN PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 12032215)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


SBN PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 12032215)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Investment property 4 - 110,000

CURRENT ASSETS
Debtors 5 1,948 1,884
Cash at bank 31,984 31,892
33,932 33,776
CREDITORS
Amounts falling due within one year 6 (3,060 ) (1,817 )
NET CURRENT ASSETS 30,872 31,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,872

141,959

CREDITORS
Amounts falling due after more than one
year

7

(151,909

)

(250,000

)

PROVISIONS FOR LIABILITIES - (1,900 )
NET LIABILITIES (121,037 ) (109,941 )

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 - 8,100
Retained earnings (121,038 ) (118,042 )
(121,037 ) (109,941 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SBN PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 12032215)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





V J Eley - Director


SBN PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 12032215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

SBN Property Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12032215

Registered office: 93 Mountview Crescent
St. Lawrence
Southminster
Essex
CM0 7NR

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

(i) Valuation of investment property

Investment property is stated in the balance sheet at fair value based on the valuation performed by the directors.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

SBN PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 12032215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

GOING CONCERN
The directors have reviewed the company's trading and cashflow position and have provided
assurances that they will continue to provide support to the company in order that it may continue
its activities as hitherto. Consequently, the directors are of the opinion that the financial statements
should be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 110,000
Disposals (110,000 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 110,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 110,000
Valuation in 2024 (110,000 )

SBN PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 12032215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INVESTMENT PROPERTY - continued

The investment property has been valued by the directors during the year, this is considered the fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,448 550
Other debtors 500 1,334
1,948 1,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,440 378
Other creditors 1,620 1,439
3,060 1,817

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 75,000
Other creditors 151,909 175,000
151,909 250,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable more than
5 years by instalments - 75,000
- 75,000

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023 8,100
Revaluation (8,100 )

At 31 July 2024 -

SBN PROPERTY SOLUTIONS LTD (REGISTERED NUMBER: 12032215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
G Eley and V J Eley
Balance outstanding at start of year 945 (2,956 )
Amounts advanced 23,444 5,980
Amounts repaid (24,389 ) (2,079 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 945

10. RELATED PARTY DISCLOSURES

All transactions undertaken with connected companies are deemed to be conducted under normal market conditions and/or are not material.

11. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.