Silverfin false false 30/06/2023 23/06/2022 30/06/2023 S E Todd 23/06/2022 13 March 2024 The principal activity of the Company during the financial year was that of investment property. 14190376 2023-06-30 14190376 bus:Director1 2023-06-30 14190376 core:CurrentFinancialInstruments 2023-06-30 14190376 core:ShareCapital 2023-06-30 14190376 core:RetainedEarningsAccumulatedLosses 2023-06-30 14190376 2022-06-22 14190376 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-06-30 14190376 2022-06-23 2023-06-30 14190376 bus:FilletedAccounts 2022-06-23 2023-06-30 14190376 bus:SmallEntities 2022-06-23 2023-06-30 14190376 bus:AuditExemptWithAccountantsReport 2022-06-23 2023-06-30 14190376 bus:PrivateLimitedCompanyLtd 2022-06-23 2023-06-30 14190376 bus:Director1 2022-06-23 2023-06-30 iso4217:GBP xbrli:pure

Company No: 14190376 (England and Wales)

SOLENT LAND AND PROPERTY LIMITED

Unaudited Financial Statements
For the financial period from 23 June 2022 to 30 June 2023
Pages for filing with the registrar

SOLENT LAND AND PROPERTY LIMITED

Unaudited Financial Statements

For the financial period from 23 June 2022 to 30 June 2023

Contents

SOLENT LAND AND PROPERTY LIMITED

BALANCE SHEET

As at 30 June 2023
SOLENT LAND AND PROPERTY LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 30.06.2023
£
Fixed assets
Investment property 3 520,436
520,436
Current assets
Debtors 4 100
Cash at bank and in hand 16,506
16,606
Creditors: amounts falling due within one year 5 ( 524,544)
Net current liabilities (507,938)
Total assets less current liabilities 12,498
Net assets 12,498
Capital and reserves
Called-up share capital 100
Profit and loss account 12,398
Total shareholder's funds 12,498

For the financial period ending 30 June 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 financial statements of Solent Land and Property Limited (registered number: 14190376) were approved and authorised for issue by the Director on 13 March 2024. They were signed on its behalf by:

S E Todd
Director
SOLENT LAND AND PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 June 2022 to 30 June 2023
SOLENT LAND AND PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 23 June 2022 to 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Solent Land and Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

Period from
23.06.2022 to
30.06.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Investment property

Investment property
£
Valuation
As at 23 June 2022 0
Additions 520,436
As at 30 June 2023 520,436

4. Debtors

30.06.2023
£
Amounts owed by Group undertakings 100

5. Creditors: amounts falling due within one year

30.06.2023
£
Amounts owed to related parties 520,436
Taxation and social security 2,908
Other creditors 1,200
524,544

6. Ultimate controlling party

Parent Company:

Solent Motor Group Limited