REGISTERED NUMBER: 13612178 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SBK LETTINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Drozdov

REGISTERED OFFICE:

105 High Street

Worcester

Worcestershire

WR1 2HW

REGISTERED NUMBER:

13612178 (England and Wales)

FIXED ASSETS

Intangible assets

4

8,837,318

4,292,541

Tangible assets

5

44,196

16,236

Investments

6

-

5,893,013

8,881,514

10,201,790

CURRENT ASSETS

Debtors

202,400

423,433

Cash at bank

178,921

101,609

381,321

525,042

CREDITORS

Amounts falling due within one year

4,425,459

3,550,598

NET CURRENT LIABILITIES

(4,044,138

)

(3,025,556

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,837,376

7,176,234

CREDITORS

Amounts falling due after more than one year

6,864

2,006,000

NET ASSETS

4,830,512

5,170,234

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

5,405,306

5,405,306

Retained earnings

(574,894

)

(235,172

)

4,830,512

5,170,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 25 September 2026 and were signed by:

I Drozdov - Director

1.	STATUTORY INFORMATION

SBK Lettings 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

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

At the balance sheet date the company had net current liabilities of £4,044,138 (2014 - £3,025,556). The director has expressed their willingness to support the company as necessary and along with the forecasted future profitable trade the business is considered a going concern. The accounts and financial statements have therefore been prepared on a going concern basis.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & fittings

-

20% on reducing balance

Motor vehicles

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2024 - 77 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

5,296,636

Additions

5,117,083

At 31 December 2025

10,413,719

AMORTISATION

At 1 January 2025

1,004,095

Amortisation for year

572,306

At 31 December 2025

1,576,401

NET BOOK VALUE

At 31 December 2025

8,837,318

At 31 December 2024

4,292,541

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

55,882

Additions

33,917

At 31 December 2025

89,799

DEPRECIATION

At 1 January 2025

39,646

Charge for year

5,957

At 31 December 2025

45,603

NET BOOK VALUE

At 31 December 2025

44,196

At 31 December 2024

16,236

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals

£

COST

Additions

26,917

At 31 December 2025

26,917

DEPRECIATION

Charge for year

2,243

At 31 December 2025

2,243

NET BOOK VALUE

At 31 December 2025

24,674

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2025

5,893,013

Disposals

(5,893,013

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

5,893,013

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.