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Registered Number: 13515606
England and Wales

 

 

 

SRL PROPERTY DEVELOPMENT LTD


Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director Rachel Lavan
Registered Number 13515606
Registered Office 1 Lawns Green
Farnley
Leeds
West Yorkshire
LS12 5RR
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
West Yorkshire
LS25 2GH
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 13,950    18,600 
13,950    18,600 
Current assets      
Stocks 4 15,100    12,884 
Debtors 5 21,733    13,239 
Cash at bank and in hand 4,333    10,957 
41,166    37,080 
Creditors: amount falling due within one year 6 (114,747)   (43,362)
Net current liabilities (73,581)   (6,282)
 
Total assets less current liabilities (59,631)   12,318 
Provisions for liabilities 7 (2,650)   (3,534)
Net liabilities (62,281)   8,784 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (62,381)   8,684 
Shareholder's funds (62,281)   8,784 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 18 March 2024 and were signed by:


-------------------------------
Rachel Lavan
Director
2
General Information
SRL Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 13515606, registration address 1 Lawns Green, Farnley, Leeds, West Yorkshire, LS12 5RR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25% RB
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 August 2022  
Additions 18,600    18,600 
Disposals  
At 31 July 2023 18,600    18,600 
Depreciation
At 01 August 2022  
Charge for year 4,650    4,650 
On disposals  
At 31 July 2023 4,650    4,650 
Net book values
Closing balance as at 31 July 2023 13,950    13,950 
Opening balance as at 01 August 2022 18,600    18,600 


4.

Stocks

2023
£
  2022
£
Work in Progress 15,100    12,884 
15,100    12,884 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 230    9,573 
Other Debtors 21,503    3,666 
21,733    13,239 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 9,626    11,162 
Taxation and Social Security 101,822    25,012 
Obligations under HP/Financial Leases 1,308    3,923 
Other Creditors 1,991    3,265 
114,747    43,362 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 2,650    3,534 
2,650    3,534 

3