SRT PROPERTY HOLDINGS LTD 13893853 false 2022-02-04 2023-02-28 2023-02-28 The principal activity of the company is Residential lettings Digita Accounts Production Advanced 6.30.9574.0 true true 13893853 2022-02-04 2023-02-28 13893853 2023-02-28 13893853 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2023-02-28 13893853 bus:Revised 2023-02-28 13893853 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13893853 core:LandBuildings 2023-02-28 13893853 bus:SmallEntities 2022-02-04 2023-02-28 13893853 bus:AuditExemptWithAccountantsReport 2022-02-04 2023-02-28 13893853 bus:FullAccounts 2022-02-04 2023-02-28 13893853 bus:SmallCompaniesRegimeForAccounts 2022-02-04 2023-02-28 13893853 bus:RegisteredOffice 2022-02-04 2023-02-28 13893853 bus:CompanySecretaryDirector1 2022-02-04 2023-02-28 13893853 bus:OrdinaryShareClass1 bus:Non-cumulativeRedeemableShares 2022-02-04 2023-02-28 13893853 bus:PrivateLimitedCompanyLtd 2022-02-04 2023-02-28 13893853 core:LandBuildings 2022-02-04 2023-02-28 13893853 countries:EnglandWales 2022-02-04 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13893853

SRT PROPERTY HOLDINGS LTD

Unaudited Filleted Financial Statements

for the Period from 4 February 2022 to 28 February 2023

 

SRT PROPERTY HOLDINGS LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

SRT PROPERTY HOLDINGS LTD

Company Information

Director

Mr Tex Rickard

Company secretary

Mr Tex Rickard

Registered office

17 Knightsbridge Court
Chester
CH1 1QG

Accountants

WLB Accountancy Ltd trading as AIMS Accountants for Business
20 Belgrave Road
Great Boughton
Chester
Cheshire
CH3 5SB

 

SRT PROPERTY HOLDINGS LTD

(Registration number: 13893853)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

345,408

Current assets

 

Cash at bank and in hand

 

224,987

Creditors: Amounts falling due within one year

5

(229,993)

Net current liabilities

 

(5,006)

Net assets

 

340,402

Capital and reserves

 

Called up share capital

6

3

Retained earnings

340,399

Shareholders' funds

 

340,402

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 October 2023
 

.........................................
Mr Tex Rickard
Company secretary and director

 

SRT PROPERTY HOLDINGS LTD

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Knightsbridge Court
Chester
CH1 1QG
England

These financial statements were authorised for issue by the director on 20 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

SRT PROPERTY HOLDINGS LTD

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

SRT PROPERTY HOLDINGS LTD

Notes to the Unaudited Financial Statements for the Period from 4 February 2022 to 28 February 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Revaluations

340,000

340,000

Additions

5,408

5,408

At 28 February 2023

345,408

345,408

Depreciation

Carrying amount

At 28 February 2023

345,408

345,408

Included within the net book value of land and buildings above is £345,408 in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

94

Accruals and deferred income

720

Other creditors

229,179

229,993

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Share Capital of £1 each

3

3