Registration number: 11128817

Sell UK Property Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Sell UK Property Ltd

(Registration number: 11128817)
Balance Sheet as at 31 December 2024

	Note	2024 £	2024 £
Fixed assets
Tangible assets	5	60,291	72,336
Current assets
Stocks	6	3,945,567	4,140,120
Debtors	7	811,559	74,625
Cash at bank and in hand		1,863,977	434,892
		6,621,103	4,649,637
Creditors: Amounts falling due within one year	8	(2,263,570)	(1,107,120)
Net current assets		4,357,533	3,542,517
Total assets less current liabilities		4,417,824	3,614,853
Creditors: Amounts falling due after more than one year	8	(2,142,141)	(2,587,030)
Provisions for liabilities		(7,208)	-
Net assets		2,268,475	1,027,823
Capital and reserves
Called up share capital	9	100	100
Retained earnings		2,268,375	1,027,723
Shareholders' funds		2,268,475	1,027,823

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

Sell UK Property Ltd

(Registration number: 11128817)
Balance Sheet as at 31 December 2024

......................................... Miss R Mohammed Director

......................................... Mr H Mohammed Director

Sell UK Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Time Technology Park
Blackburn Road
Simonstone
BB12 7TY

These financial statements were authorised for issue by the Board on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Sell UK Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on cost
Office equipment	25% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Sell UK Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 43 (2024 - 43).

4	Profit before tax

Arrived at after charging/(crediting)

	2024 £	2024 £
Depreciation expense	22,832	27,772

Sell UK Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	66,363	68,953	135,316
Additions	10,787	-	10,787
At 31 December 2024	77,150	68,953	146,103
Depreciation
At 1 February 2024	23,783	39,197	62,980
Charge for the period	15,430	7,402	22,832
At 31 December 2024	39,213	46,599	85,812
Carrying amount
At 31 December 2024	37,937	22,354	60,291
At 31 January 2024	42,580	29,756	72,336

6

Stocks

	2024 £	2024 £
Other inventories	3,945,567	4,140,120

7

Debtors

	2024 £	2024 £
Trade debtors	701,148	63,000
Other debtors	100,292	293
Prepayments	10,119	11,332
	811,559	74,625

8

Creditors

Sell UK Property Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 December 2024

	2024 £	2024 £
Due within one year
Trade creditors	83,202	216,571
Taxation and social security	443,454	171,193
Accruals and deferred income	3,106	2,106
Other creditors	1,733,808	717,250
	2,263,570	1,107,120

9	Share capital

Allotted, called up and fully paid shares

	2024		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2024 £
Bank borrowings	2,142,141	2,587,030