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Registered number: 08704683 SFB PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 29 SEPTEMBER 2025
SFB PROPERTIES LIMITED REGISTERED NUMBER: 08704683 BALANCE SHEET AS AT 29 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 6 |  | 898,451 |  | 1,498,451
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 729,008 |  | 746,256 |
Cash at bank and in hand |  | 10,882 |  | 74,260 |
|  | 739,890 |  | 820,516 |
Creditors: amounts falling due within one year | 8 | (2,023,855) |  | (2,148,414) |
Net current liabilities |  |  | (1,283,965) |  | (1,327,898)
Total assets less current liabilities |  |  | (385,514) |  | 170,553
Creditors: amounts falling due after more than one year | 9 |  | - |  | (414,577)
Net liabilities |  |  | (385,514) |  | (244,024)
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 322,746 |  | 322,746
Profit and loss account |  |  | (708,260) |  | (566,770)
|  |  | (385,514) |  | (244,024)
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 June 2026. Page 1
SFB PROPERTIES LIMITED REGISTERED NUMBER: 08704683 BALANCE SHEET (CONTINUED) AS AT 29 SEPTEMBER 2025
S F Bearfield
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
SFB PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025
1. | General information
SFB Properties Limited ("the Company") is a private limited company by shares and it is incorporated in England and Wales. The Company's principal activity is the buying and selling of real estate. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised by the Company in respect of rental income received during the year, exclusive of Value Added Tax.
| 2.3 | Lease of assets
The Company received rental income on assets held for use in operating leases. It recognises the rental income on a straight line basis and accounts for costs over the life of the lease.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 20% | Straight Line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Investment property
Investment property is carried at fair value determined annually by the director 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. Changes in fair value are recognised in profit or loss. Page 3
SFB PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.8 | Operating leases: the Company as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term. Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
| 2.9 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.10 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
SFB PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.11 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.12 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. a) Critical judgements in applying accounting policies (i) Valuation of investment properties The valuation of investment properties has been made by the director based on his personal expertise and knowledge of the market. No formal valuation has been performed. b) Critical accounting estimates and assumption s The Company does not consider there to be any critical estimates and assumptions in applying accounting policies.
4. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
Page 5
SFB PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025
5. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| At 30 September 2024 | 2,115
| Disposals | (2,115)
| At 29 September 2025 | -
| At 30 September 2024 | 2,115
| Disposals | (2,115)
| At 29 September 2025 | -
| Net book value |
| At 29 September 2025 | -
| At 29 September 2024 | -
Page 6
SFB PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 30 September 2024 | 1,498,451
| Disposals | (600,000)
| At 29 September 2025 | 898,451
The 2025 valuations were made by the director, on an open market value basis.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 729,008 | 746,256
|  | 729,008 | 746,256
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 2,016,855 | 2,141,414
| Accruals and deferred income | 7,000 | 7,000
|  | 2,023,855 | 2,148,414
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 414,577
Page 7
SFB PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2025
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 414,577
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary A share of £0.01 | 0.01 | 0.01
|  | 1 (2024 - 1) Ordinary B share of £0.01 | 0.01 | 0.01
|  | 98 (2024 - 98) Ordinary C shares of £0.01 each | 0.98 | 0.98
|  | 322,745 (2024 - 322,745) Redeemable Preference shares of £1.00 each | 322,745.00 | 322,745.00
|  |  | 322,746.00 | 322,746.00
| The Redeemable Preference shares may be redeemed at any point at any point after 30 November 2015 if sufficient cash resources are available as determined by the director.
12. | Lease of assets
The Company has aggregate rentals receivable in relation to operating leases of £14,009 (2024- £50,766). At the year end, the Company held fixed assets used in operating leases at a cost of £Nil (2024-1,498,451).
13. | Commitments under operating leases
| The Company had no commitments under non-cancellable operating leases at the balance sheet date.
14. | Related party transactions
| Included within note 10 to the accounts is a balance of £2,011,423 (2024- £2,134,002) due to the director. the balance is included within other creditors.
15. | Controlling party
The Company deems Mr S F Bearfield the ultimate controlling party. Page 8