REGISTERED NUMBER: 15173792 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SICA PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Simon Kershaw

Mr Philip Kershaw

Mrs Carola Kershaw

REGISTERED OFFICE:

Unit 5&6 Manor Court

Manor Garth

Eastfield

Scarborough

North Yorkshire

YO11 3TU

REGISTERED NUMBER:

15173792 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Garth

Manor Court

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

1,928

1,512

Investment property

5

370,000

129,890

371,928

131,402

CURRENT ASSETS

Debtors

6

-

325

Cash at bank

10,959

3,457

10,959

3,782

CREDITORS

Amounts falling due within one year

7

313,687

140,370

NET CURRENT LIABILITIES

(302,728

)

(136,588

)

TOTAL ASSETS LESS CURRENT LIABILITIES

69,200

(5,186

)

PROVISIONS FOR LIABILITIES

16,648

-

NET ASSETS/(LIABILITIES)

52,552

(5,186

)

CAPITAL AND RESERVES

Called up share capital

100

-

Revaluation reserve

8

49,943

-

Retained earnings

2,509

(5,186

)

52,552

(5,186

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

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

Mr Simon Kershaw - Director

1.	STATUTORY INFORMATION

Sica Properties Ltd 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 (£).

The level of rounding used in the financial statements is to the nearest £1.

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.

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

-

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.

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.

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 October 2024

1,717

Additions

898

At 30 September 2025

2,615

DEPRECIATION

At 1 October 2024

205

Charge for year

482

At 30 September 2025

687

NET BOOK VALUE

At 30 September 2025

1,928

At 30 September 2024

1,512

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

129,890

Additions

173,519

Revaluations

66,591

At 30 September 2025

370,000

NET BOOK VALUE

At 30 September 2025

370,000

At 30 September 2024

129,890

Fair value at 30 September 2025 is represented by:

£

Valuation in 2024

129,890

Valuation in 2025

240,110

370,000

Investment properties included at fair value would have been included on a historical cost basis at:

2025

2024

£

£

Cost

£303,409

129,890

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties have been valued by the directors at fair value taking into account existing tenancy arrangements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

325

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

371

-

Other creditors

313,316

140,370

313,687

140,370

8.

RESERVES

Revaluation

reserve

£

Property revaluation

49,943

At 30 September 2025

49,943