Company Registration No. 10511622 (England and Wales)
Sapphire Homes Limited
Unaudited accounts
for the year ended 31 December 2024
Sapphire Homes Limited
Unaudited accounts
Contents
Sapphire Homes Limited
Company Information
for the year ended 31 December 2024
Company Number
10511622 (England and Wales)
Registered Office
Denby House Business Centre
Taylor Lane
Loscoe
Heanor
DE75 7AB
United Kingdom
Accountants
Walker Accountancy Limited
2 Marina Drive
Spondon
Derby
DE21 7AF
Sapphire Homes Limited
Statement of financial position
as at 31 December 2024
Tangible assets
20,718
23,641
Investment property
936,177
876,177
Cash at bank and in hand
22,028
34,065
Creditors: amounts falling due within one year
(290,682)
(240,586)
Net current liabilities
(268,073)
(205,818)
Total assets less current liabilities
688,822
694,000
Creditors: amounts falling due after more than one year
(641,387)
(687,847)
Provisions for liabilities
Deferred tax
(13,848)
(4,885)
Called up share capital
100
100
Fair value reserve
173,788
125,188
Profit and loss account
(140,301)
(124,020)
Shareholders' funds
33,587
1,268
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2025 and were signed on its behalf by
G Mehmi
Director
Company Registration No. 10511622
Sapphire Homes Limited
Notes to the Accounts
for the year ended 31 December 2024
Sapphire Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10511622. The registered office is Denby House Business Centre, Taylor Lane, Loscoe, Heanor, DE75 7AB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover represents rents receivable on investment properties.
Sapphire Homes Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
35,349
5,325
40,674
At 31 December 2024
40,820
5,491
46,311
At 1 January 2024
13,888
3,145
17,033
Charge for the year
7,391
1,169
8,560
At 31 December 2024
21,279
4,314
25,593
At 31 December 2024
19,541
1,177
20,718
At 31 December 2023
21,461
2,180
23,641
Fair value at 1 January 2024
876,177
Net gain from fair value adjustments
60,000
At 31 December 2024
936,177
Investment properties are revalued by the director based on information from valuations carried out for mortgage purposes.
Amounts falling due within one year
Accrued income and prepayments
581
703
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
233,857
185,840
Loans from directors
37,200
40,098
Sapphire Homes Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
641,387
637,847
Aggregate of amounts that fall due for payment after five years
641,387
637,847
The bank loans are secured by fixed charges over the investment properties.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).