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REGISTERED NUMBER: 02644947 (England and Wales)














S I R Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






S I R Group Limited (Registered number: 02644947)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S I R Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Bartram
G Rutherford





SECRETARY:





REGISTERED OFFICE: Charlton House
16 Limberline Road
Hilsea
Portsmouth
Hampshire
PO3 5JF





REGISTERED NUMBER: 02644947 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA

S I R Group Limited (Registered number: 02644947)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,000 -

CURRENT ASSETS
Debtors 5 60,012 60,012
Cash at bank 29,587 29,584
89,599 89,596
CREDITORS
Amounts falling due within one year 6 149,995 (38 )
NET CURRENT (LIABILITIES)/ASSETS (60,396 ) 89,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,604

89,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,504 89,534
SHAREHOLDERS' FUNDS 89,604 89,634

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.

S I R Group Limited (Registered number: 02644947)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





G Rutherford - Director


S I R Group Limited (Registered number: 02644947)

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

1. STATUTORY INFORMATION

S I R Group 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 - NIL ) .

4. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST OR VALUATION
Additions 150,000
At 31 December 2024 150,000
NET BOOK VALUE
At 31 December 2024 150,000

S I R Group Limited (Registered number: 02644947)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2015 210,000
Valuation in 2021 279,774
489,774

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
SHORT LEASEHOLD

'COST' ACCOUNT TOTAL
Additions 150,000
150,000

CLIENT SCREEN TOTAL = -


If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 148,202 148,202

Value of land in freehold land and buildings 148,202 148,202

Freehold property was valued on an open market basis on 31 December 2015 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from related company 60,000 60,000
VAT 12 12
60,012 60,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (5 ) (38 )
Due to related company 150,000 -
149,995 (38 )