IRIS Accounts Production v23.3.0.418 11803534 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118035342022-05-31118035342023-05-31118035342022-06-012023-05-31118035342021-05-31118035342021-06-012022-05-31118035342022-05-3111803534ns10:Originalns15:EnglandWales2022-06-012023-05-3111803534ns14:PoundSterlingns10:Original2022-06-012023-05-3111803534ns10:Originalns10:Director12022-06-012023-05-3111803534ns10:Original2022-06-012023-05-3111803534ns10:Original2023-05-3111803534ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111803534ns10:Originalns10:SmallEntities2022-06-012023-05-3111803534ns10:Originalns10:AuditExemptWithAccountantsReport2022-06-012023-05-3111803534ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111803534ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3111803534ns10:Originalns10:FullAccounts2022-06-012023-05-3111803534ns10:Originalns10:RegisteredOffice2022-06-012023-05-3111803534ns10:Original2022-05-3111803534ns10:Originalns5:CurrentFinancialInstruments2023-05-3111803534ns10:Originalns5:CurrentFinancialInstruments2022-05-3111803534ns10:Originalns5:Non-currentFinancialInstruments2023-05-3111803534ns10:Originalns5:Non-currentFinancialInstruments2022-05-3111803534ns5:ShareCapitalns10:Original2023-05-3111803534ns5:ShareCapitalns10:Original2022-05-3111803534ns10:Originalns5:RevaluationReserve2023-05-3111803534ns10:Originalns5:RevaluationReserve2022-05-3111803534ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3111803534ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3111803534ns10:Original2021-06-012022-05-3111803534ns10:Originalns5:LandBuildings2022-05-3111803534ns10:Originalns5:LandBuildings2022-06-012023-05-3111803534ns10:Originalns5:LandBuildings2023-05-3111803534ns10:Originalns5:LandBuildings2022-05-3111803534ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3111803534ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-05-3111803534ns10:Originalns5:RevaluationReserve2022-05-31
REGISTERED NUMBER: 11803534 (England and Wales)















Srk Property Holdings Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Srk Property Holdings Ltd (Registered number: 11803534)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


Srk Property Holdings Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: S R Keith





REGISTERED OFFICE: Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD





REGISTERED NUMBER: 11803534 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Srk Property Holdings Ltd

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 Balance Sheet. 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 Srk Property Holdings Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet 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 Srk Property Holdings Ltd in accordance with the terms of our engagement letter dated 11 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Srk Property Holdings Ltd and state those matters that we have agreed to state to the director of Srk Property Holdings Ltd 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 Srk Property Holdings Ltd and its director for our work or for this report.

It is your duty to ensure that Srk Property Holdings Ltd 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 Srk Property Holdings Ltd. You consider that Srk Property Holdings Ltd 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 Srk Property Holdings Ltd. 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.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


Date: .............................................

Srk Property Holdings Ltd (Registered number: 11803534)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 532,604 519,157

CURRENT ASSETS
Debtors 5 5,055 -
Cash at bank 2,713 569
7,768 569
CREDITORS
Amounts falling due within one year 6 77,743 112,222
NET CURRENT LIABILITIES (69,975 ) (111,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,629

407,504

CREDITORS
Amounts falling due after more than one
year

7

(330,413

)

(330,413

)

PROVISIONS FOR LIABILITIES (15,118 ) (14,041 )
NET ASSETS 117,098 63,050

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 75,375 61,928
Retained earnings 41,722 1,121
117,098 63,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Srk Property Holdings Ltd (Registered number: 11803534)

Balance Sheet - continued
31 May 2023


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 25 October 2023 and were signed by:





S R Keith - Director


Srk Property Holdings Ltd (Registered number: 11803534)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Srk Property Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 1 (2022 - 1 ) .

Srk Property Holdings Ltd (Registered number: 11803534)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 June 2022 519,157
Revaluations 13,447
At 31 May 2023 532,604
NET BOOK VALUE
At 31 May 2023 532,604
At 31 May 2022 519,157

Cost or valuation at 31 May 2023 is represented by:

Freehold
property
£   
Valuation in 2021 32,528
Valuation in 2022 29,400
Valuation in 2023 13,447
Cost 457,229
532,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 5,055 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings - 17,115
Other creditors 77,743 95,107
77,743 112,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 330,413 330,413

Srk Property Holdings Ltd (Registered number: 11803534)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 330,413 330,413

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022 61,928
Revaluation Reserve 13,447

At 31 May 2023 75,375

9. RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to Miss S Keith, a director. At the year end, the amount owed to her was £76,303.26

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S R Keith.