Registration number: 10814249

Sital Holdings (Sale) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Sital Holdings (Sale) Limited

(Registration number: 10814249)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,048,292	2,069,161
Current assets
Debtors	5	971,327	938,958
Cash at bank and in hand		46,926	53,790
		1,018,253	992,748
Creditors: Amounts falling due within one year	6	(857,936)	(861,518)
Net current assets		160,317	131,230
Total assets less current liabilities		2,208,609	2,200,391
Creditors: Amounts falling due after more than one year	6	(1,371,264)	(1,377,251)
Provisions for liabilities		(216,691)	(216,691)
Net assets		620,654	606,449
Capital and reserves
Called up share capital		100	100
Revaluation reserve		650,074	650,074
Retained earnings		(29,520)	(43,725)
Shareholders' funds		620,654	606,449

Sital Holdings (Sale) Limited

(Registration number: 10814249)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 April 2026
 

......................................... Mr K Singh Director

Sital Holdings (Sale) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Pavilion Square Cricketers Way
Westhoughton
Bolton
Bolton
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the director on 28 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Sital Holdings (Sale) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	Not depreciated
Furniture and fittings	15% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices determined annually by the director. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Sital Holdings (Sale) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 July 2024	1,992,640	139,130	2,131,770
At 30 June 2025	1,992,640	139,130	2,131,770
Depreciation
At 1 July 2024	-	62,609	62,609
Charge for the year	-	20,869	20,869
At 30 June 2025	-	83,478	83,478
Carrying amount
At 30 June 2025	1,992,640	55,652	2,048,292
At 30 June 2024	1,992,640	76,521	2,069,161

Included within the net book value of land and buildings above is £1,992,640 (2024 - £1,992,640) in respect of investment property.

The investment properties held at fair value during the year, the director has assesed that the property values remain appropriate and deems no movement in fair value. The properties have not been assessed by an independen valuer.

5

Debtors

Current	2025 £	2024 £
Other debtors	971,327	938,958
	971,327	938,958

Sital Holdings (Sale) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		5,978	5,970
Taxation and social security		200	200
Accruals and deferred income		1,200	1,200
Other creditors		850,558	854,148
		857,936	861,518

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		1,371,264	1,377,251

Creditors include bank loans and overdrafts which are secured of £1,347,017 (2024 - £1,347,017).

Creditors include bank loans repayable by instalments of £5,978 (2024 - £5,970) due after more than five years.

Creditors include bank loans not repayable by instalments of £1,347,017 (2024 - £1,347,017) due after more than five years.

Sital Holdings (Sale) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

A charge has been lodged at Companies House on 22nd March 2019 in favour of Paragon Bank PLC, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 22nd March 2019 in favour of Paragon Bank PLC, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 17th May 2019 in favour of Paratus AMC Limited, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 23rd August 2019 in favour of Together Commercial Finance Limited, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 14th October 2021 in favour of Together Commercial Finance Limited, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 11th November 2021 in favour of Kanwarpreet Singh, Naina Puneet Kaur & MJF SSAS Trustees Limited, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 1st February 2022 in favour of Together Commercial Finance Limited, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 1st February 2022 in favour of Together Commercial Finance Limited, which is a floating charge over all of the company assets.

A charge has been lodged at Companies House on 30th June 2022 in favour of Landbay Partners Limited, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 30th June 2022 in favour of Landbay Partners Limited, which is a secured against investment property held in the accounts.

A charge has been lodged at Companies House on 7th October 2022 in favour of Together Commercial Finance Limited, which is a secured against investment property held in the accounts.