Registration number: 09909425

SRY Developments (Hull) Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

SRY Developments (Hull) Ltd

Company Information

Director

Mr Christopher David Young

Registered office

Unit 2 Venture Business Park Witty Street Hull East Yorkshire HU3 4TT

Solicitors

Gosschalks Solicitors Queens Gardens Dock Street Hull East Yorkshire HU1 3DZ

Bankers

Svenska Handelsbanken AB (publ) Hessle First Floor Westcott House Hesslewood Business Park Hessle East Yorkshire HU13 0PF

Accountants

Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

SRY Developments (Hull) Ltd

(Registration number: 09909425)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	58	78
Current assets
Cash at bank and in hand		261	486
Creditors: Amounts falling due within one year	6	(15,591)	(15,100)
Net current liabilities		(15,330)	(14,614)
Total assets less current liabilities		(15,272)	(14,536)
Provisions for liabilities		(15)	(20)
Net liabilities		(15,287)	(14,556)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(15,387)	(14,656)
Shareholders' deficit		(15,287)	(14,556)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 March 2026
 

......................................... Mr Christopher David Young Director

SRY Developments (Hull) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Venture Business Park
Witty Street
Hull
East Yorkshire
HU3 4TT
United Kingdom

These financial statements were authorised for issue by the director on 17 March 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Contract revenue recognition

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when costs incurred and costs to complete can be reliably estimated. The stage of completion is calculated by comparing costs incurred in relation to contractual hourly labour rates and materials as a proportion of total costs. Where the outcome cannot be reliably estimated, revenue is recognised only to the extent of the expenses that are recoverable.

SRY Developments (Hull) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Reducing balance at 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SRY Developments (Hull) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	439	439
At 31 December 2025	439	439
Depreciation
At 1 January 2025	361	361
Charge for the year	20	20
At 31 December 2025	381	381
Carrying amount
At 31 December 2025	58	58
At 31 December 2024	78	78

5

Debtors

Current	2025 £	2024 £
	-	-

SRY Developments (Hull) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	481	500
Other creditors	15,110	14,600
	15,591	15,100

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary £1 of £1 each	100	100	100	100

SRY Developments (Hull) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8	Related party transactions

Summary of transactions with associates

CDY Ceilings & Partitions Ltd
Clear Interior Projects Ltd
CDY Holdings Ltd
CDY Property Ltd Loan capital provided by associated group company.
Unsecured loan provided without repayment terms.

Loans to related parties

2024	Associates £	Total £
At start of period	12,500	12,500
Advanced	510	510
Impairment	(13,010)	(13,010)
At end of period	-	-

Terms of loans to related parties

No repayment terms and 0% interest.
 

Loans from related parties

2025	Associates £	Key management £	Total £
At start of period	-	14,600	14,600
Advanced	510	-	510
At end of period	510	14,600	15,110

2024	Associates £	Key management £	Total £
At start of period	23,160	-	23,160
Advanced	-	14,600	14,600
Impairment	(23,160)	-	(23,160)
At end of period	-	14,600	14,600

SRY Developments (Hull) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Terms of loans from related parties

No repayment terms and 0% interest.
 

9	Parent and ultimate parent undertaking

The company's immediate parent is Young & Family Ltd, incorporated in England and Wales.