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REGISTERED NUMBER: 11463537 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 July 2023

for

SA125 Property Ltd

SA125 Property Ltd (Registered number: 11463537)






Contents of the Financial Statements
for the Year Ended 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SA125 Property Ltd

Company Information
for the Year Ended 30 July 2023







DIRECTORS: B G Wild
C D Windsor





REGISTERED OFFICE: The Island House
Midsomer Norton
BA3 2DZ





REGISTERED NUMBER: 11463537 (England and Wales)





ACCOUNTANTS: King Watkins Ltd
The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ

SA125 Property Ltd (Registered number: 11463537)

Balance Sheet
30 July 2023

30.7.23 30.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 215,000 199,334

CURRENT ASSETS
Debtors 5 685 685
Cash at bank 339 977
1,024 1,662
CREDITORS
Amounts falling due within one year 6 16,941 17,711
NET CURRENT LIABILITIES (15,917 ) (16,049 )
TOTAL ASSETS LESS CURRENT LIABILITIES 199,083 183,285

CREDITORS
Amounts falling due after more than one year 7 153,885 153,885
NET ASSETS 45,198 29,400

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 45,196 29,398
SHAREHOLDERS' FUNDS 45,198 29,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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.

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 5 March 2024 and were signed on its behalf by:





C D Windsor - Director


SA125 Property Ltd (Registered number: 11463537)

Notes to the Financial Statements
for the Year Ended 30 July 2023

1. STATUTORY INFORMATION

SA125 Property 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.

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 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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 July 2022 199,334
Revaluations 15,666
At 30 July 2023 215,000
NET BOOK VALUE
At 30 July 2023 215,000
At 30 July 2022 199,334

SA125 Property Ltd (Registered number: 11463537)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 July 2023 is represented by:
£   
Valuation in 2021 31,000
Valuation in 2022 25,000
Valuation in 2023 15,666
Cost 143,334
215,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Other debtors 685 685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.23 30.7.22
£    £   
Other creditors 16,941 17,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.7.23 30.7.22
£    £   
Bank loans 153,885 153,885

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 July 2023 and 30 July 2022:

30.7.23 30.7.22
£    £   
B G Wild
Balance outstanding at start of year 8,764 13,889
Amounts advanced 180 -
Amounts repaid (1,550 ) (5,125 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,394 8,764

C D Windsor
Balance outstanding at start of year 7,734 19,299
Amounts advanced 3,250 -
Amounts repaid (2,650 ) (11,565 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,334 7,734