S.D.S. Leisure Enterprises Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01387909 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

S.D.S. LEISURE ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Bedrossian

SECRETARY:

S L A Bedrossian

REGISTERED OFFICE:

168 Gunnersbury Lane

London

W3 9BB

REGISTERED NUMBER:

01387909 (England and Wales)

ACCOUNTANTS:

Hovnan & Co Ltd

Chartered Accountants

106 Ashurst Road

Cockfosters

London

EN4 9LG

FIXED ASSETS

Tangible assets

4

1,525

1,794

Investment property

5

825,000

750,000

826,525

751,794

CURRENT ASSETS

Debtors

6

111,844

115,484

Cash at bank

5,333

6,292

117,177

121,776

CREDITORS

Amounts falling due within one year

7

1,571

6,130

NET CURRENT ASSETS

115,606

115,646

TOTAL ASSETS LESS CURRENT
LIABILITIES

942,131

867,440

PROVISIONS FOR LIABILITIES

131,338

117,141

NET ASSETS

810,793

750,299

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

720,248

659,498

Retained earnings

90,445

90,701

SHAREHOLDERS' FUNDS

810,793

750,299

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 28 October 2025 and were signed by:

D Bedrossian - Director

1.	STATUTORY INFORMATION

S.D.S. Leisure Enterprises 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 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 amounts receivable from rental income from the freehold property.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Fixed assets are initially recorded 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.

No depreciation is provided on investment properties.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

5,376

DEPRECIATION

At 1 March 2024

3,582

Charge for year

269

At 28 February 2025

3,851

NET BOOK VALUE

At 28 February 2025

1,525

At 29 February 2024

1,794

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

750,000

Revaluations

75,000

At 28 February 2025

825,000

NET BOOK VALUE

At 28 February 2025

825,000

At 29 February 2024

750,000

The property is charged to the Company's bankers to secure the borrowing by the director D Bedrossian.

Fair value at 28 February 2025 is represented by:

£

Valuation in 2000

222,367

Valuation in 2015

117,300

Valuation in 2016

70,000

Valuation in 2017

127,500

Valuation in 2018

37,500

Valuation in 2022

75,000

Valuation in 2024

25,000

Valuation in 2025

75,000

Cost

75,333

825,000

If investment property had not been revalued it would have been included at the following historical cost:

28.2.25

29.2.24

£

Cost

75,333

Aggregate depreciation

(47,256

)

(45,749

)

Investment property was valued on an open market basis on 28 February 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Other debtors

111,844

115,484

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Taxation and social security

-

5,230

Other creditors

1,571

900

1,571

6,130

8.

RESERVES

Fair

value

reserve

£

At 1 March 2024

659,498

Fair Value Movement

60,750

At 28 February 2025

720,248

9.	RELATED PARTY DISCLOSURES

Included in other debtors is £111,844 (2024: £115,484) due from the parent company Adelphi Assets Ltd. This
balance is non-interest bearing and repayable on demand.

Included in other creditors is (£312) (2024: NIL) due to the Director. This balance is non-interest bearing and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Adelphi Assets Ltd which is controlled by Mr D Bedrossian as
director and shareholder.