Sixteen Real Estate (Professional) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13043872 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SIXTEEN REAL ESTATE (PROFESSIONAL) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

John Michael Scully

Graham Harold Aitkenhead

REGISTERED OFFICE:

Walter Dawson & Son

1st Floor, Unit A4 Old Power Way

Lowfields Business Park

Elland

West Yorkshire

HX5 9DE

REGISTERED NUMBER:

13043872 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

First Floor Offices, Unit A4

Old Power Way

Lowfields Business Park

Elland

HX5 9DE

FIXED ASSETS

Tangible assets

3

3,197

1,425

CURRENT ASSETS

Stocks

255,209

-

Debtors

4

178,313

88,172

Prepayments and accrued income

9,344

8,194

Cash at bank

298,037

286,687

740,903

383,053

CREDITORS

Amounts falling due within one year

5

179,401

81,080

NET CURRENT ASSETS

561,502

301,973

TOTAL ASSETS LESS CURRENT
LIABILITIES

564,699

303,398

ACCRUALS AND DEFERRED INCOME

2,515

1,800

NET ASSETS

562,184

301,598

CAPITAL AND RESERVES

Called up share capital

100

Profit and loss account

562,084

301,498

562,184

301,598

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

John Michael Scully - Director

1.	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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 November 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 December 2023.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer Equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

Equipment

Totals

£

COST

At 1 December 2024

8,333

4,462

12,795

Additions

-

3,727

At 30 November 2025

8,333

8,189

16,522

DEPRECIATION

At 1 December 2024

8,333

3,037

11,370

Charge for year

-

1,955

At 30 November 2025

8,333

4,992

13,325

NET BOOK VALUE

At 30 November 2025

-

3,197

At 30 November 2024

-

1,425

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

178,313

88,172

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

8,019

-

Taxation and social security

163,616

80,347

Other creditors

7,766

733

179,401

81,080

6.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £3,708 (2024: £1,722). Contributions totalling £1,127 (2024: £422) were payable to the fund at the year end and are included in creditors.

7.	FIRST YEAR ADOPTION