SYS PROPERTY COMPANY LIMITED - Filleted accounts

Registered number

14442512

SYS PROPERTY COMPANY LIMITED

Filleted Accounts

31 October 2025

SYS PROPERTY COMPANY LIMITED
Registered number:		14442512
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		303,943			303,943

Current assets
Debtors	4	1,900			-
Cash at bank and in hand		12,765			2,993
		14,665			2,993

Creditors: amounts falling due within one year	5	(2,500)			(619)

Net current assets			12,165			2,374

Total assets less current liabilities			316,108			306,317

Creditors: amounts falling due after more than one year	6		(374,341)			(364,874)



Net liabilities			(58,233)			(58,557)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(58,333)			(58,657)

Shareholders' funds			(58,233)			(58,557)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Chui-Fong Wong
Director
Approved by the board on 22 April 2026

SYS PROPERTY COMPANY LIMITED
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, in the form of rental income.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			No depreciation

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
								Land and buildings
£
	Cost
	At 1 November 2024							303,943
	At 31 October 2025							303,943

	Depreciation
	At 31 October 2025							-

	Net book value
	At 31 October 2025							303,943
	At 31 October 2024							303,943


4	Debtors					2025		2024
£							£

	Other debtors					1,900		-


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		19
	Other creditors					2,500		600
						2,500		619


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					201,500		201,500
	Other creditors					172,841		163,374
						374,341		364,874


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Chui-Fong Wong
	Directors loan	(50,406)		(6,391)		2,823		(53,974)

	Cathy Chui-Ping Wong
	Directors loan	(32,618)		(300)				(32,918)

	Katherine Kwai-Sheung Wong
	Directors loan	(32,618)		(5,300)				(37,918)

	Kwai Fong Wong
	Directors loan	(47,732)		(300)				(48,032)

		(163,374)		(12,291)		2,823		(172,842)


8	Controlling party

	The company is controlled equally by all 4 directors.


9	Other information

	SYS PROPERTY COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	11 Woodford Avenue
	Gants Hill
	England
	IG2 6UF