REGISTERED NUMBER: 09954934 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SEMBEE PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S M Butler

SECRETARY:

S M Butler

REGISTERED OFFICE:

1 Carnegie Road

Newbury

Berkshire

RG14 5DJ

REGISTERED NUMBER:

09954934 (England and Wales)

ACCOUNTANTS:

Banks & Co Limited

Chartered Certified Accountants

1 Carnegie Road

Newbury

Berkshire

RG14 5DJ

FIXED ASSETS

Investment property

4

465,000

465,000

CURRENT ASSETS

Debtors

5

-

99

Cash at bank

122,032

151,929

122,032

152,028

CREDITORS

Amounts falling due within one year

6

383,750

413,497

NET CURRENT LIABILITIES

(261,718

)

(261,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

203,282

203,531

CREDITORS

Amounts falling due after more than one year

7

194,901

200,963

NET ASSETS

8,381

2,568

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

8,281

2,468

SHAREHOLDERS' FUNDS

8,381

2,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 9 September 2025 and were signed by:

S M Butler - Director

1.	STATUTORY INFORMATION

Sembee Property Limited is a private company, limited by shares, registered in England and Wales.The company's registered number is 09954934 and has its registered office at 1 Carnegie Road, Newbury, Berkshire, RG14 5DJ.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts included in these financial statements are rounded to the nearest £.

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 received and receivable from the companies investment activities.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

465,000

NET BOOK VALUE

At 31 January 2025

465,000

At 31 January 2024

465,000

Included in the capitalised value of the investment property are borrowing costs of £1,045 (2024 - £1,045).

Fair value at 31 January 2025 is represented by:

£

Valuation in 2020

(3,000

)

Valuation in 2021

(3,194

)

Cost

471,194

465,000

The valuation of investment property is considered by the Director annually based on a comparison with similar properties in the area. The property is held at fair value and any gains or losses on valuation are recognised through the profit & Loss account.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

-

99

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,028

5,874

Trade creditors

132

-

Amounts owed to group undertakings

374,323

404,323

Tax

1,363

1,656

Directors' current accounts

200

-

Accrued expenses

1,704

1,644

383,750

413,497

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

28,923

27,372

Bank loans more 5 yr by instal

165,978

173,591

194,901

200,963

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

165,978

173,591

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

200,929

206,837

The mortgages are secured by way of registered fixed charges over the investment properties and a floating charge over all assets and undertakings of the business.

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 end of the year a balance of £356,823 (2024 - £386,823) which is repayable on demand was owed to Sembee Limited, the parent company, which owns 75% of the share capital of Sembee Property Limited.

At the end of the year a balance of £17,500 (2024 - £17,500) which is repayable on demand was owed to Sembee Holdings Limited, the ultimate holding company, which owns 25% of the share capital of Sembee Property Limited.