Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseThe principal activity of the company continued to be that of the finance and holding of property for rental purposes12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00481334 2023-07-01 2024-06-30 00481334 2022-07-01 2023-06-30 00481334 2024-06-30 00481334 2023-06-30 00481334 c:Director1 2023-07-01 2024-06-30 00481334 d:Buildings 2023-07-01 2024-06-30 00481334 d:Buildings 2024-06-30 00481334 d:Buildings 2023-06-30 00481334 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00481334 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 00481334 d:FurnitureFittings 2023-07-01 2024-06-30 00481334 d:FurnitureFittings 2024-06-30 00481334 d:FurnitureFittings 2023-06-30 00481334 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00481334 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00481334 d:CurrentFinancialInstruments 2024-06-30 00481334 d:CurrentFinancialInstruments 2023-06-30 00481334 d:Non-currentFinancialInstruments 2024-06-30 00481334 d:Non-currentFinancialInstruments 2023-06-30 00481334 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00481334 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00481334 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 00481334 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00481334 d:ShareCapital 2024-06-30 00481334 d:ShareCapital 2023-06-30 00481334 d:RetainedEarningsAccumulatedLosses 2024-06-30 00481334 d:RetainedEarningsAccumulatedLosses 2023-06-30 00481334 c:FRS102 2023-07-01 2024-06-30 00481334 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 00481334 c:FullAccounts 2023-07-01 2024-06-30 00481334 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00481334 2 2023-07-01 2024-06-30 00481334 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 00481334














SOLDEL PROPERTY COMPANY LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
SOLDEL PROPERTY COMPANY LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6


 
SOLDEL PROPERTY COMPANY LIMITED
REGISTERED NUMBER:00481334

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,186,819
1,221,009

  
1,186,819
1,221,009

Current assets
  

Debtors: amounts falling due within one year
 5 
12,439
7,014

Cash at bank and in hand
 6 
12,624
19,951

  
25,063
26,965

Creditors: amounts falling due within one year
 7 
(41,256)
(30,728)

Net current liabilities
  
 
 
(16,193)
 
 
(3,763)

Total assets less current liabilities
  
1,170,626
1,217,246

Creditors: amounts falling due after more than one year
 8 
(400,000)
(400,000)

  

Net assets
  
770,626
817,246


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
769,626
816,246

  
770,626
817,246


1

 
SOLDEL PROPERTY COMPANY LIMITED
REGISTERED NUMBER:00481334
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.




L Reuben
Director

The notes on pages 3 to 6 form part of these financial statements.

2

 
SOLDEL PROPERTY COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Soldel Property Company Limited is a private company, limited by shares, registered in England and Wales, registration number 00481334
The address of the registered office is 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of the finance and holding of property for rental purposes.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises turnover recognised by the company in respect of rent receivable during the year.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

3

 
SOLDEL PROPERTY COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold land
-
no depreciation
Freehold buildings
-
2% straight line
Fixtures and fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

4

 
SOLDEL PROPERTY COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Freehold land and buildings
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
1,156,892
100,060
1,256,952



At 30 June 2024

1,156,892
100,060
1,256,952



Depreciation


At 1 July 2023
15,345
20,598
35,943


Charge for the year on owned assets
14,178
20,012
34,190



At 30 June 2024

29,523
40,610
70,133



Net book value



At 30 June 2024
1,127,369
59,450
1,186,819



At 30 June 2023
1,141,547
79,462
1,221,009


5.


Debtors

2024
2023
£
£


Other debtors
4,247
338

Prepayments
8,192
6,676

12,439
7,014



6.


Cash

2024
2023
£
£

Cash at bank and in hand
12,624
19,951


5

 
SOLDEL PROPERTY COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
26,538
14,589

Other taxation and social security
-
1,136

Accruals
14,718
15,003

41,256
30,728



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
400,000
400,000


Included within other creditors due in more than one year is a £400,000 loan from Dobell Property Limited, a company which shares a common director. Interest is charged at 4.5% per annum and is repayable in full 5 years from the date of the loan agreement. The loan can be repaid in full at any time without penalty.


9.


Related party transactions

At the year end an amount of £4,247 is due from the director (2023 - £338).

 
6