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Company Registration No. 09777322 (England and Wales)
SIBC Developments (London) Limited Unaudited accounts for the year ended 30 September 2025
SIBC Developments (London) Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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SIBC Developments (London) Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
600,000
600,000
Current assets
Debtors
5
925
1,650
Cash at bank and in hand
1,727
16,569
2,652
18,219
Creditors: amounts falling due within one year
6
(1,250)
(3,312)
Net current assets
1,402
14,907
Total assets less current liabilities
601,402
614,907
Creditors: amounts falling due after more than one year
7
(472,666)
(660,992)
Provisions for liabilities
Deferred tax
(33,541)
(33,541)
Net assets/(liabilities)
95,195
(79,626)
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
142,992
142,992
Profit and loss account
(47,897)
(222,718)
Shareholders' funds
95,195
(79,626)
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 6 March 2026 and were signed on its behalf by
Mr I K Brookes Director Company Registration No. 09777322
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SIBC Developments (London) Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
SIBC Developments (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 09777322. The registered office is 27 Shawfield Park, Bromley, Kent, BR1 2NQ.
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.
Turnover
The turnover recognised within the financial statements relates to rents received from investment properties.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
4
Investment property
2025
£
Fair value at 1 October 2024
600,000
At 30 September 2025
600,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
1,650
Other debtors
925
-
925
1,650
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SIBC Developments (London) Limited Notes to the Accounts for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
750
720
Trade creditors
-
592
Accruals
500
2,000
1,250
3,312
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
450,169
446,475
Other creditors
-
214,517
Loans from directors
22,497
-
472,666
660,992
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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