IRIS Accounts Production v24.2.0.383 13098409 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130984092022-12-31130984092023-12-31130984092023-01-012023-12-31130984092021-12-31130984092022-01-012022-12-31130984092022-12-3113098409ns15:EnglandWales2023-01-012023-12-3113098409ns14:PoundSterling2023-01-012023-12-3113098409ns10:Director12023-01-012023-12-3113098409ns10:Director22023-01-012023-12-3113098409ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113098409ns10:SmallEntities2023-01-012023-12-3113098409ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113098409ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113098409ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113098409ns10:FullAccounts2023-01-012023-12-3113098409ns10:RegisteredOffice2023-01-012023-12-3113098409ns5:CurrentFinancialInstruments2023-12-3113098409ns5:CurrentFinancialInstruments2022-12-3113098409ns5:Non-currentFinancialInstruments2023-12-3113098409ns5:Non-currentFinancialInstruments2022-12-3113098409ns5:ShareCapital2023-12-3113098409ns5:ShareCapital2022-12-3113098409ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3113098409ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3113098409ns5:RetainedEarningsAccumulatedLosses2023-12-3113098409ns5:RetainedEarningsAccumulatedLosses2022-12-3113098409ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113098409ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113098409ns5:CurrentFinancialInstruments2023-01-012023-12-31
REGISTERED NUMBER: 13098409 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Settle Down Ltd

Settle Down Ltd (Registered number: 13098409)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Settle Down Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs V Tubaut
Mr O Tubaut





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 44 Howard Road
CAMBRIDGE
CB5 8QP





REGISTERED NUMBER: 13098409 (England and Wales)

Settle Down Ltd (Registered number: 13098409)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 620,000 615,000

CURRENT ASSETS
Debtors 6 50 50
Cash at bank 6,572 19,634
6,622 19,684
CREDITORS
Amounts falling due within one year 7 241,857 238,861
NET CURRENT LIABILITIES (235,235 ) (219,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,765

395,823

CREDITORS
Amounts falling due after more than one
year

8

(294,384

)

(319,462

)

PROVISIONS FOR LIABILITIES (13,060 ) (13,872 )
NET ASSETS 77,321 62,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - non distributable 55,679 49,867
Retained earnings 21,542 12,522
77,321 62,489

Settle Down Ltd (Registered number: 13098409)

Balance Sheet - continued
31 December 2023


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

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

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 31 August 2024 and were signed on its behalf by:




Mrs V Tubaut - Director



Mr O Tubaut - Director


Settle Down Ltd (Registered number: 13098409)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Settle Down 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

Settle Down Ltd (Registered number: 13098409)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 615,000
Revaluations 5,000
At 31 December 2023 620,000
NET BOOK VALUE
At 31 December 2023 620,000
At 31 December 2022 615,000

The investment properties were valued on an open market basis on 16 May 2023 by the directors of the company.

The directors have revised the valuation of the investment properties included in the financial statements to an estimated market value as at the date of the report in order to provide a true and fair view.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50 50

Included within other debtors disclosed above is a balance of £50 (2022- £50) in relation to prepayments.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,819 2,935
Other creditors 239,038 235,926
241,857 238,861

Included within other creditors disclosed above is a balance of £98 (2022- £98) in relation to accruals and a balance of £238,940 (2022 - £235,828) in relation to the directors loan account.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 294,384 319,462

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 294,384 319,462