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REGISTERED NUMBER: 14130983 (England and Wales)


















Unaudited Financial Statements

for the Period

25 May 2022 to 31 May 2023

for

Settled Living Limited

Settled Living Limited (Registered number: 14130983)






Contents of the Financial Statements
for the Period 25 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Settled Living Limited

Company Information
for the Period 25 May 2022 to 31 May 2023







DIRECTORS: K L Ramdin
M Ramdin





REGISTERED OFFICE: 12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN





REGISTERED NUMBER: 14130983 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

Settled Living Limited (Registered number: 14130983)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Investment property 4 1,007,628

CURRENT ASSETS
Cash at bank and in hand 107,598

CREDITORS
Amounts falling due within one year 5 818,155
NET CURRENT LIABILITIES (710,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,071

CREDITORS
Amounts falling due after more than
one year

6

267,780
NET ASSETS 29,291

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 9 29,191
SHAREHOLDERS' FUNDS 29,291

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Settled Living Limited (Registered number: 14130983)

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 Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





K L Ramdin - Director


Settled Living Limited (Registered number: 14130983)

Notes to the Financial Statements
for the Period 25 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Settled Living 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. 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.

Investment property
Investment property is included at fair value and depreciation is not charged in accordance with the Companies Act 2006 stipulations in relation to investment property and the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102. Gains are recognised in the income statement but are not distributable. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the period 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 period 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 period was 2 .

Settled Living Limited (Registered number: 14130983)

Notes to the Financial Statements - continued
for the Period 25 May 2022 to 31 May 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,007,628
At 31 May 2023 1,007,628
NET BOOK VALUE
At 31 May 2023 1,007,628

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 6,903
Loan from SCA/SCH 810,000
Directors' current accounts 412
Accrued expenses 840
818,155

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans (see note 7) 267,780

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 267,780

7. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 267,780

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 Ordinary A £1 50
50 Ordinary B £1 50
100

Settled Living Limited (Registered number: 14130983)

Notes to the Financial Statements - continued
for the Period 25 May 2022 to 31 May 2023

8. CALLED UP SHARE CAPITAL - continued

The following shares were issued during the period for cash at par :

50 Ordinary A shares of £1
50 Ordinary B shares of £1

9. RESERVES
Retained
earnings
£   

Profit for the period 29,191
At 31 May 2023 29,191