ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 13165140

SEVIM PROPERTY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

SEVIM PROPERTY LIMITED

REGISTERED NUMBER: 13165140

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		779		974
Investment property	5		159,548		159,548
			160,327		160,522
Current assets
Cash at bank and in hand	6	32,844		690
		32,844		690
Creditors: amounts falling due within one year	7	(40,768)		(45,629)
Net current liabilities			(7,924)		(44,940)
Total assets less current liabilities			152,403		115,582
Creditors: amounts falling due after more than one year	8		(149,480)		(113,495)

Net assets			2,923		2,087

Capital and reserves
Called up share capital	10	100	100
Profit and loss account		2,823	1,987
		2,923	2,087

Page 1

SEVIM PROPERTY LIMITED

REGISTERED NUMBER: 13165140

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Faruk Sevim

Director

Date: 12 October 2026

The notes on pages 3 to 7 form part of these financial statements.

Page 2

SEVIM PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Sevim Property Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13165140. The address of the registered office is 6 Larkhill Road, Park Hall, Oswestry, Shropshire, SY11 4AW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Rental received

Rental income is recognised over the period in which it relates to.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

SEVIM PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Investment property

Investment property is carried at fair value determined annually by the Director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2025 - 1).

Page 4

SEVIM PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 February 2025	1,218
	At 31 January 2026	1,218
	Depreciation
	At 1 February 2025	244
	Charge for the year on owned assets	195
	At 31 January 2026	439
	Net book value
	At 31 January 2026	779
	At 31 January 2025	974

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 February 2025	159,548
	At 31 January 2026	159,548

The 2026 valuations were made by the Director, on a fair value basis.

Page 5

SEVIM PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

6.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	32,844	690
	32,844	690

7.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	-	822
Corporation tax	78	20
Other creditors	39,068	44,068
Accruals and deferred income	1,622	719
	40,768	45,629

8.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	149,480	113,495
	149,480	113,495




Amounts falling due after more than 5 years
Bank loans	149,480	113,495
	149,480	113,495

Bank loans are secured by way of a charge over the company's assets.

Page 6

SEVIM PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

10.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 (2025 - 100) Ordinary shares of £1.00 each	100	100

11.	Related party transactions
	Included within Creditors due in less than one year is a loan amount of £39,068 (2025:£43,000) due from a company under common control. The loan is unsecured, free of interest and repayable on demand.

Page 7