S F Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05529848

S F Properties Limited

Filleted Unaudited Financial Statements

31 August 2025

S F Properties Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		567,308	502,581

Current assets

Debtors	5	2,407	2,311
Cash at bank and in hand		132,781	4,429
		---------	-------
		135,188	6,740

Creditors: amounts falling due within one year	6	347,187		440,265
		---------		---------
Net current liabilities			211,999	433,525
			---------	---------
Total assets less current liabilities			355,309	69,056
			---------	--------
Net assets			355,309	69,056
			---------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	355,307	69,054
	---------	--------
Shareholders funds	355,309	69,056
	---------	--------

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 August 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 .

S F Properties Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 9 June 2026 , and are signed on behalf of the board by:

A Salmon

Director

Company registration number: 05529848

S F Properties Limited

Notes to the Financial Statements

Year ended 31 August 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 33 Dukes Close, Thurmaston, Leicester, LE4 8EY.

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 certain financial assets and liabilities and investment properties 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

Turnover represents property rental income and is accounted for on a receivable basis.

Income tax

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.

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

4. Tangible assets

	Investment properties	Fixtures and fittings	Total
	£	£	£
Cost
At 1 September 2024	502,546	823	503,369
Additions	302,691	–	302,691
Disposals	( 237,954)	–	( 237,954)
	---------	----	---------
At 31 August 2025	567,283	823	568,106
	---------	----	---------
Depreciation
At 1 September 2024	–	788	788
Charge for the year	–	10	10
	---------	----	---------
At 31 August 2025	–	798	798
	---------	----	---------
Carrying amount
At 31 August 2025	567,283	25	567,308
	---------	----	---------
At 31 August 2024	502,546	35	502,581
	---------	----	---------

Included within the above is investment property as follows:

	£
At 1 September 2024	502,546
Additions	302,742
Disposals	( 458,839)
	---------
At 31 August 2025	346,449
	---------

The directors consider that the investment properties are held at their fair value. Changes in the fair value of investment properties are recognized directly in profit or loss in the period in which they arise.

5. Debtors

	2025	2024
	£	£
Other debtors	2,407	2,311
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	47,413
Trade creditors	2,161	3,133
Corporation tax	80,955	170
Other creditors	264,071	389,549
	---------	---------
	347,187	440,265
	---------	---------

7. Directors' advances, credits and guarantees

At the balance sheet date the directors were owed £229,306 (2024: £260,574) by the company.

8. Related party transactions

The company received an interest free loan repayable on demand from a related party. At the balance sheet date, the company owed £32,139 (2024: £127,031).