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REGISTERED NUMBER: 10680954 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

SRS Land Holdings Ltd

SRS Land Holdings Ltd (Registered number: 10680954)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRS Land Holdings Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: P G Attwater
J E Attwater





REGISTERED OFFICE: Gatlands
Langton Lane
Hurstpierpoint
Hassocks
West Sussex
BN6 9HA





REGISTERED NUMBER: 10680954 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

SRS Land Holdings Ltd (Registered number: 10680954)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,341 3,002
Investment property 5 2,052,226 2,005,055
2,056,567 2,008,057

CURRENT ASSETS
Debtors 6 33,283 14,256
Cash at bank and in hand 14,314 9,870
47,597 24,126
CREDITORS
Amounts falling due within one year 7 493,827 442,551
NET CURRENT LIABILITIES (446,230 ) (418,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,610,337

1,589,632

CREDITORS
Amounts falling due after more than one
year

8

1,474,289

1,510,976
NET ASSETS 136,048 78,656

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 135,948 78,556
SHAREHOLDERS' FUNDS 136,048 78,656

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

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

SRS Land Holdings Ltd (Registered number: 10680954)

Balance Sheet - continued
31st March 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 12th August 2024 and were signed on its behalf by:





P G Attwater - Director


SRS Land Holdings Ltd (Registered number: 10680954)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

SRS Land Holdings 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.

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 (2023 - NIL).

SRS Land Holdings Ltd (Registered number: 10680954)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 5,059
Additions 3,182
At 31st March 2024 8,241
DEPRECIATION
At 1st April 2023 2,057
Charge for year 1,843
At 31st March 2024 3,900
NET BOOK VALUE
At 31st March 2024 4,341
At 31st March 2023 3,002

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 2,005,055
Additions 47,171
At 31st March 2024 2,052,226
NET BOOK VALUE
At 31st March 2024 2,052,226
At 31st March 2023 2,005,055

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,405 10,256
Other debtors 21,878 4,000
33,283 14,256

SRS Land Holdings Ltd (Registered number: 10680954)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,000 21,500
Trade creditors 68,097 31,730
Taxation and social security 21,595 16,712
Other creditors 381,135 372,609
493,827 442,551

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 737,275 761,587
Other creditors 737,014 749,389
1,474,289 1,510,976

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 657,275 680,587
Other loans more 5yrs non-inst 504,500 502,250
1,161,775 1,182,837

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 760,275 783,087

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

SRS Land Holdings Ltd (Registered number: 10680954)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

11. RELATED PARTY DISCLOSURES

Rent of £36000 was charged to Southern Recovery Service Transport Ltd a company with common directors.

Rent of £12000 was charged to Southern Recovery Services, the sole trader business of the director.

The management fees were paid to Southern Recovery Service Transport Ltd.

All transactions are considered to be at arms length.

At the balance sheet date, the following loans were due to related parties:

Southern Recovery Service Transport Ltd £22,855
Southern Recovery Services £26,486
Loan from shareholder ( Mrs J Attwater) £761,014

Loans from the associated businesses are interest free, whereas the loan from the shareholder is being charged interest at a rate of 4.5% per annum.

12. ULTIMATE CONTROLLING PARTY

The controlling party is P G Attwater.