REGISTERED NUMBER: 14649767 (England and Wales)

SYDI Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Habershon

J Habershon

REGISTERED OFFICE:

3 Bridge Place

Nether Compton

Sherborne

DT9 4QF

REGISTERED NUMBER:

14649767 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Tangible assets

4

19,626

-

Investment property

5

1,250,000

375,000

1,269,626

375,000

CURRENT ASSETS

Debtors

6

7,303

6,233

Cash at bank

17,983

1,227

25,286

7,460

CREDITORS

Amounts falling due within one year

7

278,684

305,456

NET CURRENT LIABILITIES

(253,398

)

(297,996

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,016,228

77,004

CREDITORS

Amounts falling due after more than one year

8

(760,385

)

-

PROVISIONS FOR LIABILITIES

(69,024

)

(18,413

)

NET ASSETS

186,819

58,591

CAPITAL AND RESERVES

Called up share capital

10

1

1

Fair value reserve

296,455

55,241

Retained earnings

(109,637

)

3,349

SHAREHOLDERS' FUNDS

186,819

58,591

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

W Habershon - Director

1.	STATUTORY INFORMATION

SYDI 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income from properties and is recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

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 Profit and Loss Account, 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

Additions

1,182

23,350

24,532

At 31 March 2025

1,182

23,350

24,532

DEPRECIATION

Charge for year

236

4,670

4,906

At 31 March 2025

236

4,670

4,906

NET BOOK VALUE

At 31 March 2025

946

18,680

19,626

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

375,000

Additions

553,380

Revaluations

321,620

At 31 March 2025

1,250,000

NET BOOK VALUE

At 31 March 2025

1,250,000

At 31 March 2024

375,000

If investment properties had not been revalued they would have been included at the following historical cost £301,346 plus there were conversion costs this year totalling £639,966 resulting in a cost of £941,312.

The property was revalued on 7 November 2024 by Symonds & Sampson. The directors are satisfied that this valuation reflects the value as at the year end date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

7,303

6,233

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,400

-

Trade creditors

18,210

6,001

Amounts owed to group undertakings

248,134

297,515

Taxation and social security

875

1,041

Other creditors

5,065

899

278,684

305,456

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

760,385

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

766,785

-

The loan is secured against the property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

11.	RELATED PARTY DISCLOSURES

21st Century Homes Limited, the company’s immediate and ultimate controlling party, provided an interest-free loan to the company during the year.

As at 31 March 2025, the amount outstanding in respect of this loan was £248,134 (2024: £297,514).

No guarantees have been given or received in respect of this balance.

12.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of 21st Century Homes Limited, a company incorporated in the United Kingdom. 21st Century Homes Limited is the immediate and ultimate parent undertaking and controls the company through ownership of 100% of the issued share capital.