REGISTERED NUMBER: 09043067 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

SBSL DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Bygrave

S R Lancaster

REGISTERED OFFICE:

Room 73 Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

09043067 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

4

1,059

-

Investment property

5

462,306

462,306

463,365

462,306

CURRENT ASSETS

Debtors

6

795

791

Cash at bank

5,002

3,157

5,797

3,948

CREDITORS

Amounts falling due within one year

7

407,568

409,499

NET CURRENT LIABILITIES

(401,771

)

(405,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

61,594

56,755

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

61,494

56,655

SHAREHOLDERS' FUNDS

61,594

56,755

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by:

S R Lancaster - Director

1.	STATUTORY INFORMATION

SBSL Developments 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.

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.

Turnover

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

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

The freehold properties are stated at an open market value in the opinion of the directors. As such, no depreciation has been charged in respect of this class of asset in the year and no deferred tax has been provided on any future sale as the base cost of the properties remain consistent with the current open market value. 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

Additions

1,230

At 31 May 2025

1,230

Depreciation

Charge for year

171

At 31 May 2025

171

Net book value

At 31 May 2025

1,059

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 June 2024

and 31 May 2025

462,306

Net book value

At 31 May 2025

462,306

At 31 May 2024

462,306

The directors consider the valuation of the investment properties owned by the company at the Balance Sheet date to be the current market value of the property and as such, no depreciation has been charged in respect of this asset class. Any aggregate surplus or deficit arising from changes in fair value is to be recognised in profit or loss.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

795

791

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

1,085

2,369

Directors' loan accounts

405,235

405,930

Accruals and deferred income

1,248

1,200

407,568

409,499

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

Both share classes rank pari-passu in all respects.

9.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £200,234 (2024: £198,770) due to S J Bygrave, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

Included within creditors is an amount of £205,001 (2024: £207,160) due to S R Lancaster, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.