REGISTERED NUMBER: 03597947 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SFS DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T A Hussain

SECRETARY:

T A Hussain

REGISTERED OFFICE:

Stross House

Scout Hill Mills

Broad Street

Dewsbury

WF13 3SA

REGISTERED NUMBER:

03597947 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

194,790

218,795

Investments

5

1

1

Investment property

6

4,227,746

3,818,246

4,422,537

4,037,042

CURRENT ASSETS

Debtors

7

260,966

303,222

Cash at bank

423,080

405,943

684,046

709,165

CREDITORS

Amounts falling due within one year

8

304,470

274,366

NET CURRENT ASSETS

379,576

434,799

TOTAL ASSETS LESS CURRENT LIABILITIES

4,802,113

4,471,841

CREDITORS

Amounts falling due after more than one year

9

(1,290,358

)

(1,393,497

)

PROVISIONS FOR LIABILITIES

(188,643

)

(192,672

)

NET ASSETS

3,323,112

2,885,672

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

1,042,946

1,042,946

Retained earnings

2,280,066

1,842,626

SHAREHOLDERS' FUNDS

3,323,112

2,885,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 30 October 2025 and were signed by:

T A Hussain - Director

1.	STATUTORY INFORMATION

SFS 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lease premiums

Lease premiums received are released to the income/expenditure account over the term of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 29 February 2024

5,570

110,768

191,859

308,197

Additions

-

32,000

-

32,000

At 28 February 2025

5,570

142,768

191,859

340,197

DEPRECIATION

At 29 February 2024

4,921

76,487

7,994

89,402

Charge for year

97

9,942

45,966

56,005

At 28 February 2025

5,018

86,429

53,960

145,407

NET BOOK VALUE

At 28 February 2025

552

56,339

137,899

194,790

At 28 February 2024

649

34,281

183,865

218,795

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 29 February 2024

and 28 February 2025

1

NET BOOK VALUE

At 28 February 2025

1

At 28 February 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

3,818,246

Additions

409,500

At 28 February 2025

4,227,746

NET BOOK VALUE

At 28 February 2025

4,227,746

At 28 February 2024

3,818,246

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Debtors

260,966

303,222

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

144,000

144,000

Hire purchase contracts

19,429

19,429

Creditors

28,191

26,358

Corporation tax

61,510

30,158

Social security and other taxes

7,381

10,127

Loan creditor

10,648

10,648

Directors' current accounts

290

225

Accruals and deferred income

33,021

33,421

304,470

274,366

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,127,009

1,210,375

Hire purchase contracts

108,451

116,569

Loan creditor

7,569

16,203

Accruals and deferred income

47,329

50,350

1,290,358

1,393,497

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,271,009

1,354,375

The bank loans are secured by a charge over the assets of the company.