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REGISTERED NUMBER: 01927071 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Sylvester Real Estate Limited

Sylvester Real Estate Limited (Registered number: 01927071)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Sylvester Real Estate Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Boorman
H Boorman





SECRETARY: S Boorman





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 01927071 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sylvester Real Estate Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sylvester Real Estate Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Sylvester Real Estate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sylvester Real Estate Limited. You consider that Sylvester Real Estate 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 financial statements of Sylvester Real Estate 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 financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


22 July 2025

Sylvester Real Estate Limited (Registered number: 01927071)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 377 730
Investment property 5 650,000 590,000
650,377 590,730

CURRENT ASSETS
Debtors 6 - 1,838
Cash at bank 94,897 89,242
94,897 91,080
CREDITORS
Amounts falling due within one year 7 5,353 4,873
NET CURRENT ASSETS 89,544 86,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

739,921

676,937

PROVISIONS FOR LIABILITIES 39,952 28,641
NET ASSETS 699,969 648,296

CAPITAL AND RESERVES
Called up share capital 8 6,000 6,000
Fair value reserve 9 265,142 216,542
Retained earnings 9 428,827 425,754
SHAREHOLDERS' FUNDS 699,969 648,296

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Sylvester Real Estate Limited (Registered number: 01927071)

Balance Sheet - continued
31 December 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 22 July 2025 and were signed on its behalf by:





S Boorman - Director


Sylvester Real Estate Limited (Registered number: 01927071)

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


1. STATUTORY INFORMATION

Sylvester Real Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% reducing balance
Computer equipment - 33% straight line basis

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

Sylvester Real Estate Limited (Registered number: 01927071)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 27,736 2,460 1,037 31,233
DEPRECIATION
At 1 January 2024 27,736 2,425 342 30,503
Charge for year - 7 346 353
At 31 December 2024 27,736 2,432 688 30,856
NET BOOK VALUE
At 31 December 2024 - 28 349 377
At 31 December 2023 - 35 695 730

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 590,000
Revaluations 60,000
At 31 December 2024 650,000
NET BOOK VALUE
At 31 December 2024 650,000
At 31 December 2023 590,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2016 115,000
Valuation in 2017 (70,000 )
Valuation in 2020 137,000
Valuation in 2022 63,000
Valuation in 2024 60,000
Cost 345,000
650,000

Investment property was valued on an open market basis on 31 December 2024 by the director .

Sylvester Real Estate Limited (Registered number: 01927071)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 1,800
Amounts owed by group undertakings - 13
Prepayments and accrued income - 25
- 1,838

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors - 180
Corporation tax 1,045 1,214
Social security and other taxes 215 176
VAT 534 528
Directors' current accounts 45 45
Accruals and deferred income 3,514 2,730
5,353 4,873

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
6,000 Ordinary 1 6,000 6,000

9. RESERVES


Fair value
reserve
£
At 1 January 2024216,542
Revaluation48,600
At 31 December 2024265,142