REGISTERED NUMBER: 15943938 (England and Wales)

Unaudited Financial Statements

for the Period 9 September 2024 to 31 March 2025

for

Sellick Property Developments Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S J Sellick

P C Sellick

REGISTERED OFFICE:

3 Juniper Way

Brockworth

Gloucester

GL3 4FQ

REGISTERED NUMBER:

15943938 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

19 Eastgate Street

Gloucester

GL1 1NU

FIXED ASSETS

Tangible assets

4

372,083

CURRENT ASSETS

Debtors

5

58,057

Cash at bank

67,761

125,818

CREDITORS

Amounts falling due within one year

6

474,735

NET CURRENT LIABILITIES

(348,917

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,166

PROVISIONS FOR LIABILITIES

33,892

NET LIABILITIES

(10,726

)

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

(10,728

)

SHAREHOLDERS' FUNDS

(10,726

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 12 November 2025 and were signed on its behalf by:

P C Sellick - Director

1.	STATUTORY INFORMATION

Sellick Property Developments 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.

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.

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Going concern

Despite net current liabilities of £348,917, the directors have reviewed future cash flows and consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

Cost

Additions

380,000

At 31 March 2025

380,000

Depreciation

Charge for period

7,917

At 31 March 2025

7,917

Net book value

At 31 March 2025

372,083

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,058

Other debtors

53,999

58,057

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

37,211

Other creditors

437,524

474,735

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

12,000

Between one and five years

48,000

60,000

8.	CALLED UP SHARE CAPITAL

**ERROR - CONFLICTS FOUND BETWEEN POSTINGS AND SHARE REGISTER - PLEASE REVIEW EXCEPTION REPORT (EXR).

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

152

Ordinary

1p

2

16

Ordinary B

1p

-

16

Ordinary C

1p

-

16

Ordinary D

1p

-

2

The following shares were issued during the period for cash at par :

152 Ordinary shares of 1p

16 Ordinary B shares of 1p

16 Ordinary C shares of 1p

16 Ordinary D shares of 1p

The shares detailed above were issued during the period. Due to the size of the shareholdings being less than £1, these have been rounded so the split is not fully detailed in the allotted amounts above.

9.	RELATED PARTY DISCLOSURES

Paul Sellick Brickwork Ltd

A loan exists between the company and Paul Sellick Brickwork Ltd, a company controlled by the same directors P and Mrs S Sellick. At 31 March 2025, Sellick Property Developments Ltd owed Paul Sellick Brickwork Ltd £416,010. The loan is interest free and has no fixed repayment terms.