Sitecrest Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01835220 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Sitecrest Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D Hagger

Mrs T L Hagger

SECRETARY:

Mrs T L Hagger

REGISTERED OFFICE:

Harmile House

54 St. Mary's Lane

Upminster

Essex

RM14 2QT

REGISTERED NUMBER:

01835220 (England and Wales)

FIXED ASSETS

Tangible assets

4

303,753

310,344

Investments

5

9,470,806

8,576,343

Investment property

6

10,570,000

20,344,559

19,456,687

CURRENT ASSETS

Debtors: amounts falling due within one year

7

260,231

703,930

Debtors: amounts falling due after more than
one year

7

1,213,606

1,348,814

Investments

8

-

838,358

Cash at bank

389,437

259,404

1,863,274

3,150,506

CREDITORS

Amounts falling due within one year

9

307,930

484,556

NET CURRENT ASSETS

1,555,344

2,665,950

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,899,903

22,122,637

PROVISIONS FOR LIABILITIES

2,064,660

1,989,782

NET ASSETS

19,835,243

20,132,855

CAPITAL AND RESERVES

Called up share capital

10

17,480

Share premium

2,466,520

Revaluation reserve

6,884,220

Fair value reserve

615,459

309,354

Retained earnings

9,851,564

10,455,281

SHAREHOLDERS' FUNDS

19,835,243

20,132,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by:

R D Hagger - Director

1.	STATUTORY INFORMATION

Sitecrest Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover represents rent receivable under operating leases, excluding value added tax. Rent is credited to the profit and loss account on a straight line basis over the period of the lease.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

not provided

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

Straight line over 3 years and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Depreciation is not charged on free or leasehold land and buildings as these are considered to be investment properties, which are revalued annually and hence no depreciation is provided.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Cash and cash equivalents

These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors

Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INVESTMENTS

Unlisted investments which are realisable in more than a year from the balance sheet date are included in the balance sheet, as fixed assets, at market value.

Listed Investments and unlisted investments realisable within one year, are included in the balance sheet, as current assets, at market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 December 2024

269,198

75,567

344,765

Additions

-

5,254

At 30 November 2025

269,198

80,821

350,019

DEPRECIATION

At 1 December 2024

-

34,421

Charge for year

-

11,845

At 30 November 2025

-

46,266

NET BOOK VALUE

At 30 November 2025

269,198

34,555

303,753

At 30 November 2024

269,198

41,146

310,344

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2024

8,576,343

Additions

2,915,001

Disposals

(2,694,703

)

Revaluations

674,165

At 30 November 2025

9,470,806

NET BOOK VALUE

At 30 November 2025

9,470,806

At 30 November 2024

8,576,343

Cost or valuation at 30 November 2025 is represented by:

Other

investments

£

Valuation in 2025

715,806

Cost

8,755,000

9,470,806

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

10,570,000

NET BOOK VALUE

At 30 November 2025

10,570,000

At 30 November 2024

10,570,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2023

8,761,290

Cost

1,808,710

10,570,000

If the land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

1,808,710

Aggregate depreciation

(718,001

)

(711,679

)

Land and buildings were valued on an open market basis on 30 November 2011 by the directors. .

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

120,806

63,226

Other debtors

139,425

640,704

260,231

703,930

Amounts falling due after more than one year:

Other debtors

1,213,606

1,348,814

Aggregate amounts

1,473,837

2,052,744

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investments

-

838,358

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

438

525

Taxation and social security

229,871

391,240

Other creditors

77,621

92,791

307,930

484,556

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

NIL

A Ordinary

£1

-

9,000

(2024 - 9,000 )

NIL

B Ordinary

£1

-

3,140

(2024 - 3,140 )

100

C Ordinary

£1

100

1,746

D Ordinary

£1

1,746

1,747

E Ordinary

£1

1,747

F Ordinary

£1

1,747

3

G Ordinary

£1

3

-

2

I Ordinary

£1

8,997

-

8,997

H Ordinary

£1

2

-

3,138

J Ordinary

£1

3,138

-

17,480