REGISTERED NUMBER: 01458941 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Situls (Bedford) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Shah

SECRETARY:

A Shah

REGISTERED OFFICE:

106-108 Burnt Oak Broadway

Edgware

Middlesex

HA8 0BE

REGISTERED NUMBER:

01458941 (England and Wales)

FIXED ASSETS

Tangible assets

4

122

153

Investment property

5

1,140,000

1,140,000

1,140,122

1,140,153

CURRENT ASSETS

Debtors

40,430

41,718

Cash at bank

898,901

789,805

939,331

831,523

CREDITORS

Amounts falling due within one year

140,129

107,065

NET CURRENT ASSETS

799,202

724,458

TOTAL ASSETS LESS CURRENT LIABILITIES

1,939,324

1,864,611

PROVISIONS FOR LIABILITIES

120,369

120,373

NET ASSETS

1,818,955

1,744,238

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

6

481,384

481,384

Retained earnings

1,337,569

1,262,852

SHAREHOLDERS' FUNDS

1,818,955

1,744,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

K Shah - Director

1.	STATUTORY INFORMATION

Situls (Bedford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Income

Income represents rent receivable.

Tangible fixed assets

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

Plant and machinery

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

528

DEPRECIATION

At 1 January 2024

375

Charge for year

31

At 31 December 2024

406

NET BOOK VALUE

At 31 December 2024

122

At 31 December 2023

153

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,140,000

NET BOOK VALUE

At 31 December 2024

1,140,000

At 31 December 2023

1,140,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2014

541,730

Valuation in 2016

60,000

Cost

538,270

1,140,000

Investment properties were valued on an open market basis on 31 December 2024 by the director .

6.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

481,384