Sigva Properties Ltd 14289494 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is consulting and letting and operating real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 14289494 2024-09-01 2025-08-31 14289494 2025-08-31 14289494 core:CurrentFinancialInstruments 2025-08-31 14289494 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 14289494 core:Non-currentFinancialInstruments 2025-08-31 14289494 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 14289494 core:MoreThanFiveYears 1 2025-08-31 14289494 bus:SmallEntities 2024-09-01 2025-08-31 14289494 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 14289494 bus:FilletedAccounts 2024-09-01 2025-08-31 14289494 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 14289494 bus:RegisteredOffice 2024-09-01 2025-08-31 14289494 bus:Director1 2024-09-01 2025-08-31 14289494 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 14289494 countries:EnglandWales 2024-09-01 2025-08-31 14289494 2024-08-31 14289494 2023-09-01 2024-08-31 14289494 2024-08-31 14289494 core:CurrentFinancialInstruments 2024-08-31 14289494 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 14289494 core:Non-currentFinancialInstruments 2024-08-31 14289494 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 14289494 core:MoreThanFiveYears 1 2024-08-31 iso4217:GBP xbrli:pure

Registration number: 14289494

Sigva Properties Ltd
Annual Report and Unaudited Financial Statements
for the year ended 31 August 2025

Sigva Properties Ltd

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Sigva Properties Ltd

(Registration number: 14289494)
Statement of Financial Position
31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,141,576 | 566,348
Current assets |  |  |
Debtors | 5 | 344,054 | 225,290
Cash at bank and in hand |  | 13,105 | 6,937
|  | 357,159 | 232,227
Creditors: Amounts falling due within one year | 6 | (616,574) | (396,410)
Net current liabilities |  | (259,415) | (164,183)
Total assets less current liabilities |  | 882,161 | 402,165
Creditors: Amounts falling due after more than one year | 6 | (840,325) | (406,875)
Net assets/(liabilities) |  | 41,836 | (4,710)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 41,834 | (4,712)
Shareholders' funds/(deficit) |  | 41,836 | (4,710)

For the financial year ending 31 August 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 15 May 2026

Sigva Properties Ltd

(Registration number: 14289494)
Statement of Financial Position
31 August 2025

......................................... A Sigva Director

Sigva Properties Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 August 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:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL
United Kingdom

These financial statements were authorised for issue by the director on 15 May 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income 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.

Sigva Properties Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 August 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is included at 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.
The investment property has been measured at fair value which is the open market value of the property. When arising, the fair value adjustment is taken through the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise of cash in the bank.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Sigva Properties Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 August 2025

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).

4 | Investment properties

| 2025 £
At 1 September | 566,348
Additions | 575,228
At 31 August | 1,141,576

Investment properties have been measured at fair value, by the directors, which is the open market value of the properties. When arising, the fair value adjustment is taken through the profit and loss account.

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 554 | 290
Other debtors | 343,500 | 225,000
| 344,054 | 225,290

Sigva Properties Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 August 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 12,532 | -
Accruals and deferred income | 1,104 | 822
Other creditors | 602,938 | 395,588
| 616,574 | 396,410

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 840,325 | 406,875

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years by instalments | 840,325 | 406,875

| - | -

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 840,325 | 406,875

Included in the loans and borrowings are the following amounts due after more than five years:

Borrowings due after five years

Sigva Properties Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 August 2025

Bank loans are individual mortgages which are outstanding at the year end. These include instalments due after more than 5 years of £840,325 (2024 £406,875). These mortgages are secured over individual properties to which they relate.

8 | Related party transactions

Other transactions with the director

Mr A Sigva, director of the company, is also a director of Cavitech UK Ltd and has control of both companies.
At 31 August 2025, Sigva Properties Ltd owed Cavitech UK Ltd £602,300 (2024 - £395,000) on loan account.