Sinclair Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00275543

SINCLAIR ESTATES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

SINCLAIR ESTATES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

SINCLAIR ESTATES LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mrs C.R Sinclair
	Mr D.M Sinclair

Company secretary	Mrs M.M. Bray

Registered office	Mountview House
	151 High Street
	Southgate
	London
	N14 6EW

SINCLAIR ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	6	719,678	719,678
Investments	7	6,001,445	4,807,143
		------------	------------
		6,721,123	5,526,821

CURRENT ASSETS

Stocks		1,073,880	1,150,380
Debtors	8	7,591	8,673
Cash at bank and in hand		948,952	240,543
		------------	------------
		2,030,423	1,399,596

CREDITORS: amounts falling due within one year	9	( 912,616)		( 63,564)
		------------		------------
NET CURRENT ASSETS			1,117,807	1,336,032
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			7,838,930	6,862,853

PROVISIONS	( 730,000)	( 710,000)
	------------	------------
NET ASSETS	7,108,930	6,152,853
	------------	------------

CAPITAL AND RESERVES

Called up share capital	17,333	17,333
Other reserves	35,298	35,298
Profit and loss account	7,056,299	6,100,222
	------------	------------
SHAREHOLDERS FUNDS	7,108,930	6,152,853
	------------	------------

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 income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have 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 .

SINCLAIR ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr D.M Sinclair

Director

Company registration number: 00275543

SINCLAIR ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 Mountview House, 151 High Street, Southgate, London, N14 6EW.

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, as modified by the revaluation of listed investments measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss accounts represents rents received and proceeds from sales of properties before charging expenses and taking credit for other sundry items of revenue. Rental income is recognised over the period of rental period in accordance with the lease terms and property sales are recognised on legal completion.

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 or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit/(loss)

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

UK current tax expense	323,349	26,693

Deferred tax:

Origination and reversal of timing differences	20,000	( 196,000)
	---------	---------
Tax on profit/(loss)	343,349	( 169,307)
	---------	---------

6. Tangible assets

	Freehold property
	£
Cost
At 1 January 2025 and 31 December 2025	719,678
	---------
Depreciation
At 1 January 2025 and 31 December 2025	–
	---------
Carrying amount
At 31 December 2025	719,678
	---------
At 31 December 2024	719,678
	---------

No depreciation charge has been made as the directors are of the opinion that the residual value of the property exceeds its cost.

7. Investments

	Listed investments
	£
Listed investments
At 1 January 2025	4,807,143
Additions	1,188,270
Revaluations	6,032
	------------
At 31 December 2025	6,001,445
	------------
Impairment
At 1 January 2025 and 31 December 2025	–
	------------

Carrying amount
At 31 December 2025	6,001,445
	------------
At 31 December 2024	4,807,143
	------------

8. Debtors

	2025	2024
	£	£
Other debtors	7,591	8,673
	-------	-------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	323,350	26,693
Social security and other taxes	28,654	18,008
Other creditors	560,612	18,863
	---------	--------
	912,616	63,564
	---------	--------

Included under other creditors is a loan of £500,000 due to one of the directors. The loan is repayable on demand and no interest is charged.

10. Deferred tax

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

	2025	2024
	£	£
Included in provisions	730,000	710,000
	---------	---------

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

	2025	2024
	£	£
Fair value adjustment of financial assets	730,000	710,000
	---------	---------