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REGISTERED NUMBER: 14611911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024

FOR

SOLENT QUARTERS LTD

SOLENT QUARTERS LTD (REGISTERED NUMBER: 14611911)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLENT QUARTERS LTD

COMPANY INFORMATION
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024







Directors: Mr I W Wells
Mrs C N Wells





Registered office: c/o Hill Hughes Management Ltd
22 Katana House
Fort Fareham Industrial Estate
Fareham
Hampshire
PO14 1AH





Registered number: 14611911 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

SOLENT QUARTERS LTD (REGISTERED NUMBER: 14611911)

BALANCE SHEET
31 JANUARY 2024

Notes £    £   
Fixed assets
Tangible assets 4 528,850

Current assets
Cash at bank 27,212

Creditors
Amounts falling due within one year 5 86,522
Net current liabilities (59,310 )
Total assets less current liabilities 469,540

Creditors
Amounts falling due after more than one
year

6

519,090
Net liabilities (49,550 )

Capital and reserves
Called up share capital 100
Retained earnings (49,650 )
(49,550 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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.

SOLENT QUARTERS LTD (REGISTERED NUMBER: 14611911)

BALANCE SHEET - continued
31 JANUARY 2024


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 8 April 2024 and were signed on its behalf by:




Mr I W Wells - Director



Mrs C N Wells - Director


SOLENT QUARTERS LTD (REGISTERED NUMBER: 14611911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024

1. STATUTORY INFORMATION

Solent Quarters 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.

The directors considers that, notwithstanding the company's negative net assets position, it is appropriate to prepare the accounts on a going concern basis as the company will be able to continue to meet its liabilities as they fall due, due to the continuing support of the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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 NIL.

SOLENT QUARTERS LTD (REGISTERED NUMBER: 14611911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 JANUARY 2023 TO 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
Additions 328,037 197,035 4,722 529,794
At 31 January 2024 328,037 197,035 4,722 529,794
DEPRECIATION
Charge for period - - 944 944
At 31 January 2024 - - 944 944
NET BOOK VALUE
At 31 January 2024 328,037 197,035 3,778 528,850

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 72
Other creditors 86,450
86,522

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 519,090

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 519,090