| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| SIDALLS BICESTER LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| SIDALLS BICESTER LIMITED |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SIDALLS BICESTER LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Astral House |
| Granville Way |
| Bicester |
| Oxfordshire |
| OX26 4JT |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| BALANCE SHEET |
| 28 FEBRUARY 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 12 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 13 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| BALANCE SHEET - continued |
| 28 FEBRUARY 2025 |
| The financial statements were approved by the director and authorised for issue on |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 1. | STATUTORY INFORMATION |
| Sidalls Bicester Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below. |
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue is recognised for the sale of good when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
| Tangible fixed assets |
| Leasehold Property | - |
| Plant & Machinery | - |
| Motor Vehicles | - |
| Computer Equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks and work in progress (development land) are valued at the lower of cost and net realisable value, after allowing for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| 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. |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Provisions |
| Provisions are recognised when the Company has a present obligation as a result of past events, if it is probable that an outflow of funds will be required to settle the obligation and a realisable estimate of the amount and obligation can be made. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Plant & | Motor | Computer |
| Property | Machinery | Vehicles | Equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 March 2024 |
| and 28 February 2025 |
| DEPRECIATION |
| At 1 March 2024 |
| Charge for year |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 March 2024 |
| and 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| Development land |
| Development land comprises the land and building cost and associated acquisition expenditure on sites bought for the development of new and older houses. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade Debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans & overdrafts |
| Other loans |
| Trade Creditors |
| Tax |
| PAYE & Other Taxes |
| Other creditors |
| Related Party Loans |
| Directors' Current Accounts |
| Accruals & Deferred Income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other Loans - > 1 Year |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| At the balance sheet date, the company's bankers, Svenska Handelsbanken Ab, held a fixed charge over land and property held by the company. |
| 12. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 1,386 | - |
| Remedial work provisions | 5,592 | 5,049 |
| Remedial |
| Deferred | Work |
| tax | Provisions |
| £ | £ |
| Balance at 1 March 2024 |
| Provided during year |
| Balance at 28 February 2025 |
| 13. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 600 | 600 |
| SIDALLS BICESTER LIMITED (REGISTERED NUMBER: 01652366) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| 14. | RELATED PARTY DISCLOSURES |
| Sidalls (1991) Executive Retirement Benefit Scheme |
| The officers of the company are also the trustees of the Sidalls (1991) Executive Retirement Benefit Scheme. |
| The company has a loan with the Pension Scheme repayable over 5 years with interest of 3.5% p.a. The balance on the loan due from the company at 28 February 2025 was £119,336 (2024: £182,689). |
| During the year the company received a new loan of £200,000 from the Pension Scheme repayable over 5 years with interest of 6.25% p.a. The balance on the loan due from the company at 28 February 2025 was £152,197. |
| The company pays full market rental for the premises they occupy to the Sidalls (1991) Executive Retirement Benefit Scheme based on £60,000 (2024: £60,000) per annum. The rental is not under a formal lease, but on a rolling agreement which is reviewed every 12 months. The rent is a normal commercial transaction. |
| As at 28 February 2025, the company owed £46,000 in respect of rent payments (2024: £46,000). |
| All transactions with the Sidalls (1991) Executive Retirement Benefit Scheme are at arms length and in accordance with Pension Scheme Office requirements. |
| Sidalls Limited |
| The company previously entered into a joint venture arrangement with Sidalls Limited, a company owned and controlled by the directors of Sidalls (Bicester) Limited. The joint venture was to build houses on a development site owned by Sidalls (Bicester) Limited. The project was completed and the Directors took the decision to retain and rent out two of the properties. The management of these activities was undertaken by Sidalls Limited. One of these rental properties was sold last year. |
| During the year, the company invoiced £12,000 (2024: £12,000) in respect of serviced accommodation charges to Sidalls Limited. |
| During the year, the company paid £7,705 (2024: £7,346) in respect of site management and building charges to Sidalls Limited and £3,180 (2024: £3,060) in respect of property rental services. |
| As at 28 February 2025 the intercompany loan balance due to Sidalls Limited amounted to £200,967 (2024: £202,968). |
| All transactions were undertaken at arms length at market rate on normal commercial terms. |