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REGISTERED NUMBER: 09757456 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

SOHAM PROPERTIES LIMITED

SOHAM PROPERTIES LIMITED (REGISTERED NUMBER: 09757456)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOHAM PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Mrs C M Poulton





REGISTERED OFFICE: 11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG





REGISTERED NUMBER: 09757456 (England and Wales)






SOHAM PROPERTIES LIMITED (REGISTERED NUMBER: 09757456)

BALANCE SHEET
31ST DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 660,000 655,000

CURRENT ASSETS
Debtors 5 1,297 964
Cash at bank 14,177 13,382
15,474 14,346
CREDITORS
Amounts falling due within one year 6 92,225 92,465
NET CURRENT LIABILITIES (76,751 ) (78,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,249

576,881

CREDITORS
Amounts falling due after more than one
year

7

(422,485

)

(422,485

)

PROVISIONS FOR LIABILITIES (23,320 ) (22,370 )
NET ASSETS 137,444 132,026

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 9 120,528 116,478
Retained earnings 16,906 15,538
SHAREHOLDERS' FUNDS 137,444 132,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SOHAM PROPERTIES LIMITED (REGISTERED NUMBER: 09757456)

BALANCE SHEET - continued
31ST DECEMBER 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 director and authorised for issue on 23rd September 2024 and were signed by:





Mrs C M Poulton - Director


SOHAM PROPERTIES LIMITED (REGISTERED NUMBER: 09757456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Soham 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.

Although the company was insolvent at the Balance Sheet date the accounts have been prepared on the going concern basis. The company is dependent upon the continued support of the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 (2022 - NIL).

SOHAM PROPERTIES LIMITED (REGISTERED NUMBER: 09757456)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 655,000
Revaluations 5,000
At 31st December 2023 660,000
NET BOOK VALUE
At 31st December 2023 660,000
At 31st December 2022 655,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2016 35,952
Valuation in 2017 1,708
Valuation in 2018 2,000
Valuation in 2019 20,000
Valuation in 2020 14,188
Valuation in 2021 25,000
Valuation in 2022 40,000
Valuation in 2023 5,000
Cost 516,152
660,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 1,100 800
Other debtors 197 164
1,297 964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Taxation and social security 789 1,042
Other creditors 91,436 91,423
92,225 92,465

SOHAM PROPERTIES LIMITED (REGISTERED NUMBER: 09757456)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 422,485 422,485

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 422,485 422,485

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank loans 422,485 422,485

The bank loan is secured on the freehold property to which it relates.

9. RESERVES
Revaluation
reserve
£   
At 1st January 2023 116,478
Revaluation in year 5,000
deferred tax on investment property (950 )

At 31st December 2023 120,528

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C M Poulton.

The ultimate controlling party is Mrs C M Poulton.