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Registered number: 13549577
Sybil Mews Ltd
Financial Statements
For The Year Ended 31 August 2025
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13549577
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 417,022 430,108
Investment Properties 5 3,000,000 3,000,000
3,417,022 3,430,108
CURRENT ASSETS
Debtors 6 7,941 3,286
Cash at bank and in hand 173,094 192,430
181,035 195,716
Creditors: Amounts Falling Due Within One Year 7 (86,520 ) (113,306 )
NET CURRENT ASSETS (LIABILITIES) 94,515 82,410
TOTAL ASSETS LESS CURRENT LIABILITIES 3,511,537 3,512,518
Creditors: Amounts Falling Due After More Than One Year 8 (3,204,430 ) (3,204,430 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (36,608 ) (36,608 )
NET ASSETS 270,499 271,480
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 270,399 271,380
SHAREHOLDERS' FUNDS 270,499 271,480
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For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Simon Belchak
Director
Mr Gregory Corin
Director
29/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sybil Mews Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13549577 . The registered office is 1 Beauchamp Court, 10 Victors Way, EN5 5TZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to property 10% on cost
Plant & Machinery 20% on reducung balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
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4. Tangible Assets
Land & Property
Improvements to property Plant & Machinery Total
£ £ £
Cost
As at 1 September 2024 419,370 230,098 649,468
Additions 56,726 1,700 58,426
As at 31 August 2025 476,096 231,798 707,894
Depreciation
As at 1 September 2024 107,072 112,288 219,360
Provided during the period 47,610 23,902 71,512
As at 31 August 2025 154,682 136,190 290,872
Net Book Value
As at 31 August 2025 321,414 95,608 417,022
As at 1 September 2024 312,298 117,810 430,108
5. Investment Property
2025
£
Fair Value
As at 1 September 2024 and 31 August 2025 3,000,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 2,371,927 2,371,927
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,654 2,662
Other debtors (4,713) 624
7,941 3,286
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,385 5,347
Other creditors 74,924 97,484
Taxation and social security 10,211 10,475
86,520 113,306
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 2,100,000 2,100,000
Other creditors 1,104,430 1,104,430
3,204,430 3,204,430
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 36,608 36,608
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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