Sydenham Commercial Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC118621 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Sydenham Commercial Property Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D Griffin

Mrs S C Griffin

SECRETARY:

Mrs S C Griffin

REGISTERED OFFICE:

Flat 1/1

11 Great Western Terrace

Glasgow

G12 0UP

REGISTERED NUMBER:

SC118621 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Property, plant and equipment

4

129

193

Investment property

5

1,710,000

1,710,129

1,710,193

CURRENT ASSETS

Debtors

6

186,536

174,026

Cash at bank

375,746

248,589

562,282

422,615

CREDITORS

Amounts falling due within one year

7

360,323

289,776

NET CURRENT ASSETS

201,959

132,839

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,912,088

1,843,032

PROVISIONS FOR LIABILITIES

10,000

-

NET ASSETS

1,902,088

1,843,032

CAPITAL AND RESERVES

Called up share capital

200

Revaluation reserve

8

172,146

Retained earnings

1,729,742

1,670,686

SHAREHOLDERS' FUNDS

1,902,088

1,843,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 December 2025 and were signed on its behalf by:

D Griffin - Director

1.	STATUTORY INFORMATION

Sydenham Commercial Property Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

Revenue 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.

Computer equipment

-

33% on reducing balance

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 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 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.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Accordingly, these financial statements have been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 October 2024

and 30 September 2025

642

DEPRECIATION

At 1 October 2024

449

Charge for year

64

At 30 September 2025

513

NET BOOK VALUE

At 30 September 2025

129

At 30 September 2024

193

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

1,710,000

NET BOOK VALUE

At 30 September 2025

1,710,000

At 30 September 2024

1,710,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2000

174,419

Valuation in 2014

143,377

Valuation in 2017

200,000

Valuation in 2020

(428,000

)

Valuation in 2024

82,350

Cost

1,537,854

1,710,000

If investment properties had not been revalued they would have been included at the following historical cost:

30/9/25

30/9/24

£

Cost

1,687,854

Investment properties were valued on an open market basis on 1 December 2023 by D Griffin .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

Trade debtors

77,536

65,026

Other debtors

109,000

186,536

174,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

Trade creditors

3,350

3,000

Tax

42,747

45,275

VAT

23,099

10,464

Other creditors

61,300

Directors' current accounts

169,431

120,418

Deferred income

32,176

31,606

Accrued expenses

28,220

17,713

360,323

289,776

8.

RESERVES

Revaluation

reserve

£

At 1 October 2024

and 30 September 2025

172,146