Selectpay (Sidcup) Limited - Filleted accounts

Registered number

05431059

Selectpay (Sidcup) Limited

Filleted Accounts

31 March 2026

Selectpay (Sidcup) Limited
Registered number:		05431059
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		1,626,216			1,626,216

Current assets
Debtors	4	177,899			203,213
Cash at bank and in hand		48,753			51,847
		226,652			255,060

Creditors: amounts falling due within one year	5	(326,814)			(335,357)

Net current liabilities			(100,162)			(80,297)

Total assets less current liabilities			1,526,054			1,545,919

Creditors: amounts falling due after more than one year	6		(1,215,225)			(1,252,424)



Net assets			310,829			293,495

Capital and reserves
Called up share capital			3			3
Revaluation reserve	7		38,801			38,801
Profit and loss account			272,025			254,691

Shareholders' funds			310,829			293,495

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.




Amit Rasiklal Shah
Director
Approved by the board on 12 June 2026

Selectpay (Sidcup) Limited
Notes to the Accounts
for the year ended 31 March 2026


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).

	Revenue
	Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The company's revenue is from the rental income from its investment property.

	Investment property
	Investment property is shown at cost or most recent valuation when considered necessary by its directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Freehold properties which are held for their long term investment and rental potential are accounted for as investment properties in accordance with FRS 102. Accordingly the investment properties may be revalued annually if necessary at the discretion of directors and any surplus or deficit transferred to a revaluation reserve. In the case of permanent impairment in the value of the investment properties, any deficit below cost is taken to the profit and loss account of the financial year. No depreciation is provided in respect of freehold investment properties. Although the Companies Act 2006 would normally require the systematic annual depreciation of all fixed assets, the directors believe that the policy of not providing depreciation on freehold investment properties is necessary in order for the financial statements to give a true and fair view, since the current value of the investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in an annual valuation, and the amount which might have been otherwise shown cannot be separately identified or quantified. Property acquisitions and disposals are accounted for only when legally binding contracts which are irrevocable and efficiently unconditional are exchanged and, in the case of disposals, where completion has taken place prior to the date on which the financial statements are approved.

	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.

2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	0		0



3	Investments
				Land and buildings
£
	Cost
	At 1 April 2025			1,626,216
	At 31 March 2026			1,626,216

	Depreciation
	At 31 March 2026			-

	Net book value
	At 31 March 2026			1,626,216
	At 31 March 2025			1,626,216


4	Debtors	2026		2025
£			£

	Trade debtors	-		11,244
	Other debtors	177,899		191,969
		177,899		203,213


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	-		20,233
	Taxation and social security costs	7,803		7,048
	Other creditors	319,011		308,076
		326,814		335,357


6	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	525,275		562,475
	Other creditors	689,950		689,949
		1,215,225		1,252,424


7	Revaluation reserve	2026		2025
£			£

	At 1 April 2025	38,801		38,801

	At 31 March 2026	38,801		38,801




8	Other information

	Selectpay (Sidcup) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	11 Brendon Gardens
	Harrow
	Middlesex
	HA2 8NE

9	Related party transactions

	At the balance sheet date, included in other creditors are amounts payable to the directors, Amit Rasiklal Shah £376,678 (2025 - £376,678), Mehul Rasiklal Shah £376,628 (2025 - £376,628) and Alka Shah-Kalayil £218,466 (2025 - £218,466). The loans are unsecured, interest free and repayable on demand.