PTP Accounts Production v23.1.5.20 12405979 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124059792022-12-31124059792023-12-31124059792023-01-012023-12-31124059792021-12-31124059792022-01-012022-12-31124059792022-12-3112405979ns15:EnglandWales2023-01-012023-12-3112405979ns14:PoundSterling2023-01-012023-12-3112405979ns10:Director12023-01-012023-12-3112405979ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112405979ns10:SmallEntities2023-01-012023-12-3112405979ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112405979ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112405979ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112405979ns10:FullAccounts2023-01-012023-12-3112405979ns10:OrdinaryShareClass12023-01-012023-12-3112405979ns10:RegisteredOffice2023-01-012023-12-3112405979ns5:CurrentFinancialInstruments2023-12-3112405979ns5:CurrentFinancialInstruments2022-12-3112405979ns5:Non-currentFinancialInstruments2023-12-3112405979ns5:Non-currentFinancialInstruments2022-12-3112405979ns5:ShareCapital2023-12-3112405979ns5:ShareCapital2022-12-3112405979ns5:RetainedEarningsAccumulatedLosses2023-12-3112405979ns5:RetainedEarningsAccumulatedLosses2022-12-3112405979ns5:PlantMachinery2023-01-012023-12-3112405979ns5:PlantMachinery2022-12-3112405979ns5:PlantMachinery2023-12-3112405979ns5:PlantMachinery2022-12-3112405979ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3112405979ns10:OrdinaryShareClass12023-12-3112405979ns5:RetainedEarningsAccumulatedLosses2022-12-3112405979ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 12405979 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Solimar Properties Limited

Solimar Properties Limited (Registered number: 12405979)






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


Solimar Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T Hanley





REGISTERED OFFICE: Flat 1, Claremont Villas
Castle Street
Totnes
Devon
TQ9 5NT





REGISTERED NUMBER: 12405979 (England and Wales)





ACCOUNTANTS: Lawson & Co.
18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG

Solimar Properties Limited (Registered number: 12405979)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,753 1,269
Investment property 5 221,070 219,485
223,823 220,754

CURRENT ASSETS
Cash at bank 1,912 149

CREDITORS
Amounts falling due within one year 6 74,553 75,769
NET CURRENT LIABILITIES (72,641 ) (75,620 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,182

145,134

CREDITORS
Amounts falling due after more than one
year

7

155,217

155,000
NET LIABILITIES (4,035 ) (9,866 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (4,036 ) (9,867 )
SHAREHOLDERS' FUNDS (4,035 ) (9,866 )

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 director acknowledges his 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.

Solimar Properties Limited (Registered number: 12405979)

Balance Sheet - continued
31 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 6 September 2024 and were signed by:





T Hanley - Director


Solimar Properties Limited (Registered number: 12405979)

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

1. STATUTORY INFORMATION

Solimar 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 1 (2022 - 1 ) .

Solimar Properties Limited (Registered number: 12405979)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,269
Additions 1,908
At 31 December 2023 3,177
DEPRECIATION
Charge for year 424
At 31 December 2023 424
NET BOOK VALUE
At 31 December 2023 2,753
At 31 December 2022 1,269

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 219,485
Additions 1,585
At 31 December 2023 221,070
NET BOOK VALUE
At 31 December 2023 221,070
At 31 December 2022 219,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,887 4,867
Other creditors 71,666 70,902
74,553 75,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 155,217 155,000

Solimar Properties Limited (Registered number: 12405979)

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

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 155,217 155,000

The company has received a loan of £155,000 from a related company at an interest rate of 1% p.a..

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 January 2023 (9,867 )
Profit for the year 5,831
At 31 December 2023 (4,036 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is director and shareholder Mr. T. Hanley.