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REGISTERED NUMBER: 11734723 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Solos Properties Ltd

Solos Properties Ltd (Registered number: 11734723)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Solos Properties Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: S Ogah





REGISTERED OFFICE: 5 Norseman Close
Liverpool
Merseyside
L12 5LS





REGISTERED NUMBER: 11734723 (England and Wales)





ACCOUNTANTS: Corbett & Co Accountants Ltd
Chartered Certified Accountants
555 Smithdown Road
Liverpool
Merseyside
L15 5AF

Solos Properties Ltd (Registered number: 11734723)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 467,707 393,733

CURRENT ASSETS
Cash at bank 1,587 314

CREDITORS
Amounts falling due within one year 5 68,728 36,122
NET CURRENT LIABILITIES (67,141 ) (35,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,566

357,925

CREDITORS
Amounts falling due after more than one
year

6

374,952

330,701
NET ASSETS 25,614 27,224

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,613 27,223
25,614 27,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

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 3 October 2023 and were signed by:





S Ogah - Director


Solos Properties Ltd (Registered number: 11734723)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 January 2022 393,733
Additions 73,974
At 31 December 2022 467,707
NET BOOK VALUE
At 31 December 2022 467,707
At 31 December 2021 393,733

Solos Properties Ltd (Registered number: 11734723)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Taxation and social security 6,091 5,270
Other creditors 62,637 30,852
68,728 36,122

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 374,952 330,701

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 359,720 307,056

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Ogah.