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REGISTERED NUMBER: 01944069 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOLEDO PROPERTIES LIMITED

SOLEDO PROPERTIES LIMITED (REGISTERED NUMBER: 01944069)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLEDO PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Dr R S Jones
Mr J W Jones





REGISTERED OFFICE: 60 High Street
Chobham
Surrey
GU24 8AA





REGISTERED NUMBER: 01944069 (England and Wales)





ACCOUNTANTS: Ford Bentall LLP
Chartered Certified Accountants
60 High Street
Chobham
Surrey
GU24 8AA

SOLEDO PROPERTIES LIMITED (REGISTERED NUMBER: 01944069)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,825,670 291,131
Cash at bank 361,460 1,834,156
2,187,130 2,125,287
CREDITORS
Amounts falling due within one year 5 186,521 1,795
NET CURRENT ASSETS 2,000,609 2,123,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,000,609

2,123,492

CREDITORS
Amounts falling due after more than one
year

6

-

136,793
NET ASSETS 2,000,609 1,986,699

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 1,999,609 1,985,699
SHAREHOLDERS' FUNDS 2,000,609 1,986,699

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SOLEDO PROPERTIES LIMITED (REGISTERED NUMBER: 01944069)

BALANCE SHEET - continued
31 MARCH 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 8 December 2023 and were signed on its behalf by:




Dr R S Jones - Director



Mr J W Jones - Director


SOLEDO PROPERTIES LIMITED (REGISTERED NUMBER: 01944069)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Soledo Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents income received from the granting of a license to provide temporary accommodation services to tourists.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SOLEDO PROPERTIES LIMITED (REGISTERED NUMBER: 01944069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 891,131 291,131
Other debtors 934,539 -
1,825,670 291,131

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 168,846 -
Other creditors 17,675 1,795
186,521 1,795

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 136,793

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Dr R S Jones and Dr B J Jones
Balance outstanding at start of year - -
Amounts advanced 490,355 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 490,355 -

SOLEDO PROPERTIES LIMITED (REGISTERED NUMBER: 01944069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr J W Jones
Balance outstanding at start of year - -
Amounts advanced 278,688 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 278,688 -

Interest has been charged on these loans at a rate above HM Revenue & Customs' beneficial loan rate.

9. RELATED PARTY DISCLOSURES

During the year the Company paid management fees of £16,000 to Mrs M Jones for work undertaken in the year ended 31 March 2022 and owed her a further £16,000 at the balance sheet date for work performed in the year ended 31 March 2023. Mrs M Jones is the wife of the director Mr J W Jones.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Soledo Holdings Limited, a company registered in England and Wales, holding 100% of the ordinary issued share capital in Soledo Properties Limited. Soledo Holdings Limited is controlled by Dr R S and Dr B J Jones who were also directors of Soledo Properties Limited during the period covered by these Financial Statements. Dr B J Jones resigned as a director on 9 January 2023 and Mr J W Jones was appointed as a director on the same date.