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S BEE VENTURES LTD

Registered Number
15263981
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2024

S BEE VENTURES LTD
Company Information
for the period from 6 November 2023 to 30 November 2024

Director

BIRRANE, Serena

Registered Address

Linen Hall 162-168 Regent Street
Room 252-254
London
W1B 5TB

Registered Number

15263981 (England and Wales)
S BEE VENTURES LTD
Balance Sheet as at
30 November 2024

Notes

2024

£

£

Called up share capital not paid100
Fixed assets
Investment property3497,292
497,292
Current assets
Debtors4,514,713
Cash at bank and on hand7,515
22,228
Creditors amounts falling due within one year6(223,934)
Net current assets (liabilities)(201,606)
Total assets less current liabilities295,686
Creditors amounts falling due after one year7(314,213)
Net assets(18,527)
Capital and reserves
Called up share capital100
Profit and loss account(18,627)
Shareholders' funds(18,527)
The financial statements were approved and authorised for issue by the Director on 6 August 2025, and are signed on its behalf by:
BIRRANE, Serena
Director
Registered Company No. 15263981
S BEE VENTURES LTD
Notes to the Financial Statements
for the period ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

2024
Average number of employees during the year0
3.Investment property

£
Additions497,292
At 30 November 24497,292
4.Debtors: amounts due within one year

2024

£
Prepayments and accrued income748
Total748
5.Debtors: amounts due after one year

2024

£
Prepayments and accrued income13,965
Total13,965
6.Creditors: amounts due within one year

2024

£
Amounts owed to related parties207,134
Other creditors15,000
Accrued liabilities and deferred income1,800
Total223,934
7.Creditors: amounts due after one year

2024

£
Bank borrowings and overdrafts314,213
Total314,213
8.Secured creditors
The company has a mortgage loan of £314,213, secured by a legal charge over the investment property. The loan is repayable over a period of 20 years, with interest rate fixed for 5 years, charged at a rate of 4.99% per annum.