Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28false3Other sevices activities not elsewhere classified2023-11-21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15299763 2023-11-20 15299763 2023-11-21 2025-02-28 15299763 2022-11-21 2023-11-20 15299763 2025-02-28 15299763 c:Director1 2023-11-21 2025-02-28 15299763 d:ComputerEquipment 2023-11-21 2025-02-28 15299763 d:ComputerEquipment 2025-02-28 15299763 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-21 2025-02-28 15299763 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-21 2025-02-28 15299763 d:ComputerSoftware 2025-02-28 15299763 d:CurrentFinancialInstruments 2025-02-28 15299763 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 15299763 d:ShareCapital 2025-02-28 15299763 d:RetainedEarningsAccumulatedLosses 2025-02-28 15299763 c:OrdinaryShareClass1 2023-11-21 2025-02-28 15299763 c:OrdinaryShareClass1 2025-02-28 15299763 c:FRS102 2023-11-21 2025-02-28 15299763 c:AuditExempt-NoAccountantsReport 2023-11-21 2025-02-28 15299763 c:FullAccounts 2023-11-21 2025-02-28 15299763 c:PrivateLimitedCompanyLtd 2023-11-21 2025-02-28 15299763 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-11-21 2025-02-28 15299763 2 2023-11-21 2025-02-28 15299763 d:ComputerSoftware d:OwnedIntangibleAssets 2023-11-21 2025-02-28 15299763 e:PoundSterling 2023-11-21 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15299763









SBY REAL ESTATE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2025

 
SBY REAL ESTATE LIMITED
REGISTERED NUMBER: 15299763

BALANCE SHEET
AS AT 28 FEBRUARY 2025

2025
Note
£

Fixed assets
  

Intangible assets
 4 
10,598

Tangible assets
 5 
4,524

  
15,122

Current assets
  

Debtors: amounts falling due within one year
 6 
635,889

Cash at bank and in hand
 7 
644,958

  
1,280,847

Creditors: amounts falling due within one year
 8 
(586,607)

Net current assets
  
 
 
694,240

Total assets less current liabilities
  
709,362

  

Net assets
  
709,362


Capital and reserves
  

Called up share capital 
 9 
158

Profit and loss account
  
709,204

  
709,362


Page 1

 
SBY REAL ESTATE LIMITED
REGISTERED NUMBER: 15299763
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J E P Booth
Director

Date: 21 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SBY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

1.


General information

SBY Real Estate Limited is a private company, limited by shares, incorporated in England and Wales (registration number: 15299763). The regsitered office address is 140 Wardour Street, 4th Floor, London, Greater London, W1F 8ZT.
The principal activity of the Company is that of real estate consultancy.
The financial statements are presented in Sterling, which is the functional currecny of the company.
The comapny was incorporated on 21 November 2023 and began trading on the same day.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SBY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Development expenditure
-
20%

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SBY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the Period was 3.

Page 5

 
SBY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

4.


Intangible assets



Computer software

£



Cost


Additions
11,290



At 28 February 2025

11,290



Amortisation


Charge for the Period 
692



At 28 February 2025

692



Net book value



At 28 February 2025
10,598




5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
4,750



At 28 February 2025

4,750



Depreciation


Charge for the Period 
226



At 28 February 2025

226



Net book value



At 28 February 2025
4,524

Page 6

 
SBY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

6.


Debtors

2025
£


Trade debtors
336,000

Amounts owed by group undertakings
62,073

Other debtors
33,938

Prepayments and accrued income
203,878

635,889



7.


Cash and cash equivalents

2025
£

Cash at bank and in hand
644,958

644,958



8.


Creditors: Amounts falling due within one year

2025
£

Trade creditors
18,199

Amounts owed to group undertakings
15,675

Corporation tax
370,075

Other taxation and social security
144,298

Other creditors
35,116

Accruals and deferred income
3,244

586,607


Page 7

 
SBY REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

9.


Share capital

2025
£
Allotted, called up and fully paid


158 Ordinary shares of £1.00 each
158


On incorporation the company issued 100 Ordinary shares of £1 each.
On 18 April 2024 the company issued 50 Ordinary shares of £1 each.
On 1 September 2024 the company issued 8 Ordinary shares of £1 each.

 
Page 8