Sixth Continent Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13555600

Sixth Continent Properties Limited

Filleted Unaudited Financial Statements

For the year ended

30 September 2025

Sixth Continent Properties Limited

Financial Statements

Year ended 30 September 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

Sixth Continent Properties Limited

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	685,550	750,000

Current assets

Debtors	5	8,198	7,470
Cash at bank and in hand		47,198	40,464
		--------	--------
		55,396	47,934

Creditors: amounts falling due within one year	6	( 29,044)	( 27,303)
		--------	--------
Net current assets		26,352	20,631
		---------	---------
Total assets less current liabilities		711,902	770,631

Provisions	7	12,350	–
		---------	---------
Net assets		724,252	770,631
		---------	---------

Capital and reserves

Called up share capital	9	770,100	770,100
Other reserves	10	( 52,650)	–
Profit and loss account	10	6,802	531
		---------	---------
Shareholder funds		724,252	770,631
		---------	---------

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.

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

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sixth Continent Properties Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 19 June 2026 , and are signed on behalf of the board by:

Mr D P Davitt

Director

Company registration number: 13555600

Sixth Continent Properties Limited

Notes to the Financial Statements

Year ended 30 September 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 Kidd Rapinet Llp, 29 Harbour Exchange Square, London, England, E14 9GE.

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, other than investment properties measured at fair value through profit or loss. The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

Revenue recognition

The turnover shown in the income statement represents the rents receivable during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income. In this case, tax is recognised in other comprehensive income. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures, fittings and equipment	-	25% straight line

Investment property

Investment property was acquired under a group restructure process, at market value. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Investment property	Fixtures, fittings and equipment	Total
	£	£	£
Cost or valuation
At 1 October 2024	750,000	–	750,000
Additions	–	733	733
Revaluations	( 65,000)	–	( 65,000)
	---------	----	---------
At 30 September 2025	685,000	733	685,733
	---------	----	---------
Depreciation
At 1 October 2024	–	–	–
Charge for the year	–	183	183
	---------	----	---------
At 30 September 2025	–	183	183
	---------	----	---------
Carrying amount
At 30 September 2025	685,000	550	685,550
	---------	----	---------
At 30 September 2024	750,000	–	750,000
	---------	----	---------

Included within the above is investment property as follows:

	£
At 1 October 2024	750,000
Fair value adjustments	( 65,000)
	---------
At 30 September 2025	685,000
	---------

The investment property was valued by an independent RICS qualified surveyor from Vokins Chartered Surveyors on 28 January 2025. The valuation is based on the market value and market rent of the property. In the opinion of the directors the value of the property, at 30 September 2025, remained unchanged.

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,128	–
Other debtors	7,070	7,470
	-------	-------
	8,198	7,470
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	1,162	–
Other creditors	27,882	27,303
	--------	--------
	29,044	27,303
	--------	--------

7. Provisions

	Deferred tax (note 8)
	£
At 1 October 2024	–
Additions	( 12,350)
	--------
At 30 September 2025	( 12,350)
	--------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 7)	( 12,350)	–
	--------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Fair value adjustment of investment property	( 12,350)	–
	--------	----

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	770,100	770,100	770,100	770,100
	---------	---------	---------	---------

10. Reserves

Profit and loss account - These reserves record retained earnings and accumulated losses. Other reserves - These reserves record fair value gains on investment property net of deferred tax.