Company registration number 00429501 (England and Wales)
SOUTH YORKSHIRE PROPERTY TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SOUTH YORKSHIRE PROPERTY TRUST LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
SOUTH YORKSHIRE PROPERTY TRUST LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
43,200
42,000
Current assets
Debtors
5
228,353
228,353
Creditors: amounts falling due within one year
6
(51,085)
(47,653)
Net current assets
177,268
180,700
Total assets less current liabilities
220,468
222,700
Provisions for liabilities
(7,000)
(6,700)
Net assets
213,468
216,000
Capital and reserves
Called up share capital
7
28,833
28,833
Share premium account
88,673
88,673
Other reserves
123,713
123,713
Profit and loss reserves
8
(27,751)
(25,219)
Total equity
213,468
216,000

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 November 2025 and are signed on its behalf by:
A R Heller
Director
Company registration number 00429501 (England and Wales)
SOUTH YORKSHIRE PROPERTY TRUST LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Share premium account
Other reserves
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 April 2023
28,833
88,673
123,713
25,510
266,729
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
-
-
(50,729)
(50,729)
Balance at 31 March 2024
28,833
88,673
123,713
(25,219)
216,000
Year ended 31 March 2025:
Loss and total comprehensive income for the year
-
-
-
(2,532)
(2,532)
Balance at 31 March 2025
28,833
88,673
123,713
(27,751)
213,468
SOUTH YORKSHIRE PROPERTY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

South Yorkshire Property Trust Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is The Hart Shaw Building, Europa Link, Sheffield Business Park, Sheffield, S9 1XU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for rents net of VAT and dividends from investments net of tax credits.

1.3
Fixed asset investments

Listed investments are stated at market value.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SOUTH YORKSHIRE PROPERTY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
SOUTH YORKSHIRE PROPERTY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
43,200
42,000
Fixed asset investments revalued
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
42,000
Valuation changes
1,200
At 31 March 2025
43,200
Carrying amount
At 31 March 2025
43,200
At 31 March 2024
42,000
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
228,353
228,353
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,675
2,728
Taxation and social security
(1,326)
(1,619)
Other creditors
43,236
43,236
Accruals and deferred income
3,500
3,308
51,085
47,653
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
7,502
7,502
7,502
7,502
Ordinary A shares of £1 each
6,327
6,327
6,327
6,327
13,829
13,829
13,829
13,829
SOUTH YORKSHIRE PROPERTY TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Called up share capital
(Continued)
- 6 -
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
10% cumulative preference shares of £1 each
15,004
15,004
15,004
15,004
Preference shares classified as equity
15,004
15,004
Total equity share capital
28,833
28,833
8
Profit and loss reserves

Included in profit and loss reserves are non-distributable reserves of £35,046 (2024 - £34,146). These reserves relate to the increase in fair value of the investment property and listed investments, less any directly attributable deferred tax liability.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Martin McDonagh
Statutory Auditor:
Hart Shaw LLP
Date of audit report:
5 December 2025
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