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Company Registration No. 07002746 (England and Wales)
SDB Management Limited Unaudited accounts for the year ended 31 March 2025
SDB Management Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SDB Management Limited Company Information for the year ended 31 March 2025
Director
Sean Dallas BRETT
Company Number
07002746 (England and Wales)
Registered Office
Trimantic Accountants Victor House Barnet Road, London Colney St. Albans Hertfordshire AL2 1BJ England
Accountants
Trimantic Accountants 1 Victor House Barnet Road London Colney AL2 1BJ
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SDB Management Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,017
5,304
Investment property
5
1,900,000
1,900,000
1,903,017
1,905,304
Current assets
Debtors
6
41,125
60,221
Cash at bank and in hand
26,112
26,918
67,237
87,139
Creditors: amounts falling due within one year
7
(92,850)
(134,165)
Net current liabilities
(25,613)
(47,026)
Total assets less current liabilities
1,877,404
1,858,278
Creditors: amounts falling due after more than one year
8
(1,050,596)
(1,046,582)
Provisions for liabilities
Deferred tax
(191,519)
(191,519)
Net assets
635,289
620,177
Capital and reserves
Called up share capital
100
100
Profit and loss account
635,189
620,077
Shareholders' funds
635,289
620,177
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 December 2025 and were signed on its behalf by
Sean Dallas BRETT Director Company Registration No. 07002746
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SDB Management Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
SDB Management Limited is a private company, limited by shares, registered in England and Wales, registration number 07002746. The registered office is Trimantic Accountants, Victor House, Barnet Road, London Colney, St. Albans, Hertfordshire, AL2 1BJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 years straight line
Turnover
Turnover represents amounts receivable for rents and services net of VAT and trade discounts.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
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SDB Management Limited Notes to the Accounts for the year ended 31 March 2025
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. 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is 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.
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SDB Management Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
7,192
At 31 March 2025
7,192
Depreciation
At 1 April 2024
1,888
Charge for the year
2,287
At 31 March 2025
4,175
Net book value
At 31 March 2025
3,017
At 31 March 2024
5,304
5
Investment property
2025
£
Fair value at 1 April 2024
1,900,000
At 31 March 2025
1,900,000
Investment properties are stated at Fair Value as assessed by the Director based on available market information at the Balance Sheet date .
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,005
4,059
Accrued income and prepayments
36,120
48,160
Other debtors
-
8,002
41,125
60,221
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,902
2,412
Trade creditors
3,102
-
Taxes and social security
4,081
4,117
Other creditors
12,335
6,567
Loans from directors
69,430
109,180
Accruals
-
959
Deferred income
-
10,930
92,850
134,165
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,050,596
1,046,582
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SDB Management Limited Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 8 -