REGISTERED NUMBER: 05019492 (England and Wales)

S D X Properties Limited

Unaudited Financial Statements

For The Year Ended

30th April 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

4

FIXED ASSETS

Intangible assets

4

399

399

Tangible assets

5

209

279

Investment property

6

697,278

601,603

697,886

602,281

CURRENT ASSETS

Debtors

7

59,998

54,531

Cash at bank

27,099

107,919

87,097

162,450

CREDITORS

Amounts falling due within one year

8

271,105

286,842

NET CURRENT LIABILITIES

(184,008

)

(124,392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

513,878

477,889

PROVISIONS FOR LIABILITIES

42,256

42,269

NET ASSETS

471,622

435,620

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

471,522

435,520

SHAREHOLDERS' FUNDS

471,622

435,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 18th August 2025 and were signed by:

M C Sheppard - Director

1.	STATUTORY INFORMATION

S D X Properties Limited 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:

05019492

Registered office:

8 Hopper Way

Diss Business Park

Diss

Norfolk

IP22 4GT

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

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

Turnover represents rental income for the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cherished plates are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st May 2024

and 30th April 2025

399

NET BOOK VALUE

At 30th April 2025

399

At 30th April 2024

399

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st May 2024

and 30th April 2025

9,876

210

10,086

DEPRECIATION

At 1st May 2024

9,748

59

9,807

Charge for year

32

38

70

At 30th April 2025

9,780

97

9,877

NET BOOK VALUE

At 30th April 2025

96

113

209

At 30th April 2024

128

151

279

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2024

601,603

Additions

95,675

At 30th April 2025

697,278

NET BOOK VALUE

At 30th April 2025

697,278

At 30th April 2024

601,603

Fair value at 30th April 2025 is represented by:

£

Valuation in 2008

117,192

Valuation in 2009

(50,000

)

Valuation in 2010

(30,000

)

Valuation in 2016

30,000

Valuation in 2022

155,000

Cost

475,086

697,278

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

2025

2024

£

£

Cost

475,086

379,411

Investment property was valued on an open market basis on 30th April 2022 by Mark Sheppard, director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

59,998

54,531

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

15,831

8,540

Other creditors

255,274

278,302

271,105

286,842

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

At the year end the company owed the director £254,003 (2024 - £277,155) relating to an interest free loan included in other creditors, there are no set repayment terms for this loan.