REGISTERED NUMBER: 03160396 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SIBC Property Company Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

J Pepall

Mrs M Priddey

P R Rees

D Weaver

REGISTERED OFFICE:

Brick Kiln Lane

Hillfield

Solihull

West Midlands

B91 3LE

REGISTERED NUMBER:

03160396 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

319,909

338,659

CURRENT ASSETS

Debtors

5

264,714

274,239

Cash at bank and in hand

2,444

1,037

267,158

275,276

CREDITORS

Amounts falling due within one year

6

188,169

190,875

NET CURRENT ASSETS

78,989

84,401

TOTAL ASSETS LESS CURRENT LIABILITIES

398,898

423,060

CREDITORS

Amounts falling due after more than one year

7

242,516

257,457

NET ASSETS

156,382

165,603

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

156,380

165,601

SHAREHOLDERS' FUNDS

156,382

165,603

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

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

P R Rees - Director

1.	STATUTORY INFORMATION

SIBC Property Company 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

All of the turnover arises in the United Kingdom and represents amounts receivable from the renting of the company's property, fixtures, fittings and equipment to its fellow subsidiary, SIBC Trading Limited.

Tangible fixed assets

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

Land and buildings

-

over the unexpired portion of the lease

Plant and machinery etc

-

20% on cost and 8% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value, and is credited or charged to the income statement.

Treatment of investment property

The company has taken advantage of the option in of FRS 102, to account for its property, which is let to a group entity, as property, plant and equipment on the cost model.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

673,857

396,422

1,070,279

Additions

-

2,354

2,354

Disposals

-

(8,500

)

(8,500

)

At 31 March 2025

673,857

390,276

1,064,133

DEPRECIATION

At 1 April 2024

366,469

365,151

731,620

Charge for year

13,477

6,607

20,084

Eliminated on disposal

-

(7,480

)

(7,480

)

At 31 March 2025

379,946

364,278

744,224

NET BOOK VALUE

At 31 March 2025

293,911

25,998

319,909

At 31 March 2024

307,388

31,271

338,659

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

263,159

274,239

Other debtors

1,555

-

264,714

274,239

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

187

1,180

Amounts owed to group undertakings

172,151

171,870

Taxation and social security

-

2,024

Other creditors

15,831

15,801

188,169

190,875

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

242,516

257,457

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £nil (2024 £Nil).

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE PARENT COMPANY