Sitemaster Building Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3569612

Sitemaster Building Ltd

Filleted Unaudited Financial Statements

31 May 2025

Sitemaster Building Ltd

Financial Statements

Year ended 31 May 2025

Contents	Page

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

Sitemaster Building Ltd

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Sitemaster Building Ltd

Year ended 31 May 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

31 May 2026

Sitemaster Building Ltd

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		250,000	250,000

Current assets

Debtors	5	628,421	628,421
Cash at bank and in hand		749	749
		---------	---------
		629,170	629,170

Creditors: amounts falling due within one year	6	49,993		49,993
		---------		---------
Net current assets			579,177	579,177
			---------	---------
Total assets less current liabilities			829,177	829,177
			---------	---------

Capital and reserves

Called up share capital	7	14	14
Profit and loss account		829,163	829,163
		---------	---------
Shareholders funds		829,177	829,177
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 May 2026 , and are signed on behalf of the board by:

Mr A. Singh
Director

Company registration number: 3569612

Sitemaster Building Ltd

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Vaghela & Co Ltd, 145 Granville Street, Birmingham, B1 1SB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

Tangible assets

Investment properties are included in the Balance sheet at their open market value in accordance with the FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve. No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors the properties are held primarily for investment purposes and therefore market value is more significant and any provision for depreciation would not give a true and fair view. The provision of the FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure had not been made, the profit/(loss) for the year would have been reduced by depreciation.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 June 2024 and 31 May 2025	250,000
	---------
Depreciation
At 1 June 2024 and 31 May 2025	–
	---------
Carrying amount
At 31 May 2025	250,000
	---------
At 31 May 2024	250,000
	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	9,000	9,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,608	3,608
Other debtors	615,813	615,813
	---------	---------
	628,421	628,421
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	11,399	11,399
Corporation tax	38,594	38,594
	--------	--------
	49,993	49,993
	--------	--------

7. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	14	14	14	14
	----	----	----	----

8. Director's advances, credits and guarantees

There were no new transactions between the director and the company in the period. At the period end the company was owed £578,178 (2023-£578,178). The loan is interest free but repayable on demand.

9. Related party transactions

Included within debtors is an amount due of £3,608 (£3,608 - 2023) from an associated company, Diamond Homes Limited. The director of Diamond Homes Limited is a close family member. The director has waived loan interest for the year. The loan is for an indefinate period however it is repayable on demand.