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REGISTERED NUMBER: 08416009 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2018

for

S & O Property Limited

S & O Property Limited (Registered number: 08416009)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

S & O Property Limited

Company Information
for the Year Ended 28 February 2018







DIRECTOR: Mrs S Spence





REGISTERED OFFICE: Unit 5
The Business Centre
Snaygill Ind Estate, Keighley Road
Skipton
North Yorkshire
BD23 2QR





REGISTERED NUMBER: 08416009 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

S & O Property Limited (Registered number: 08416009)

Statement of Financial Position
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 115,000
Investment property 5 123,540 -
123,540 115,000

CURRENT ASSETS
Cash at bank 332 566

CREDITORS
Amounts falling due within one year 6 47,597 37,404
NET CURRENT LIABILITIES (47,265 ) (36,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,275

78,162

CREDITORS
Amounts falling due after more than one
year

7

(20,797

)

(23,752

)

PROVISIONS FOR LIABILITIES (9,802 ) (10,318 )
NET ASSETS 45,676 44,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,576 43,992
SHAREHOLDERS' FUNDS 45,676 44,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

S & O Property Limited (Registered number: 08416009)

Statement of Financial Position - continued
28 February 2018



The financial statements were approved by the director on 31 October 2018 and were signed by:





Mrs S Spence - Director


S & O Property Limited (Registered number: 08416009)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

S & O Property 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST
At 1 March 2017 115,000 - 115,000
Additions - 8,540 8,540
Reclassification/transfer (115,000 ) (8,540 ) (123,540 )
At 28 February 2018 - - -
NET BOOK VALUE
At 28 February 2018 - - -
At 28 February 2017 115,000 - 115,000

S & O Property Limited (Registered number: 08416009)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 123,540
At 28 February 2018 123,540
NET BOOK VALUE
At 28 February 2018 123,540

The property was valued by the director based upon the sales proceeds of the adjoining unit on 25 September
2015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 2,911 2,727
Tax 271 19
Directors' current accounts 43,456 33,339
Accrued expenses 959 1,319
47,597 37,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Bank loans - 1-2 years 3,057 2,893
Bank loans - 2-5 years 10,120 9,627
Bank loans more 5 yr by instal 7,620 11,232
20,797 23,752

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,620 11,232

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
S & O Property Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of S & O Property Limited for the year ended 28 February 2018 which comprise the Income
Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of S & O Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S & O Property Limited and state those matters that we have agreed to state to the director of S & O Property Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S & O Property Limited and its director for our work or for this report.

It is your duty to ensure that S & O Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S & O Property Limited. You consider that S & O Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S & O Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


31 October 2018