Registration number:
SB Properties & Design Limited
for the Year Ended 30 September 2025
SB Properties & Design Limited
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
SB Properties & Design Limited
(Registration number: 10976769)
Statement of Financial Position as at 30 September 2025
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Note |
2025 |
2024 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
200 |
200 |
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Profit and loss account |
(335,083) |
(290,332) |
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Shareholders' deficit |
(334,883) |
(290,132) |
For the financial 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.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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SB Properties & Design Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Principal activity
The principal activity of the company is property development.
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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.
The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis following the continued support from the company's director for the foreseeable future.
SB Properties & Design Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)
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2 |
Accounting policies (continued) |
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Stocks
Stocks still in development are measured at cost. Completed properties are measured at the lower of cost and estimated selling price less selling costs.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Stocks |
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2025 |
2024 |
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Work in progress |
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SB Properties & Design Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)
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Debtors |
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2025 |
2024 |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
- |
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Accruals and deferred income |
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Other creditors |
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
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Related party transactions |
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Transactions with the director |
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2025 |
At 1 October 2024 |
Repayments by director |
Other payments made to company by director |
At 30 September 2025 |
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Director loan |
( |
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(1,878) |
( |
SB Properties & Design Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)
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8 |
Related party transactions (continued) |
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2024 |
At 1 October 2023 |
Other payments made to company by director |
At 30 September 2024 |
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Director loan |
( |
(20,000) |
( |
Directors' loans are repayable on demand.