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REGISTERED NUMBER: 03150289 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Solera Associates Ltd

Solera Associates Ltd (Registered number: 03150289)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solera Associates Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E J P Chanter
Mrs A Sinclair





SECRETARY: Mrs A Sinclair





REGISTERED OFFICE: 3 Harbour House
Harbour Road
Wadebridge
Cornwall
PL27 7AH





REGISTERED NUMBER: 03150289 (England and Wales)





ACCOUNTANTS: Monteaths
Cairnfield
14 School Road
Balmullo
St Andrews
Fife
KY16 0BD

Solera Associates Ltd (Registered number: 03150289)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,015 1,015
Investments 5 8,250 8,250
9,265 9,265

CURRENT ASSETS
Debtors 6 35,770 -
Investments 7 936,467 1,066,556
Cash at bank 33,391 133,947
1,005,628 1,200,503
CREDITORS
Amounts falling due within one year 8 360,510 444,155
NET CURRENT ASSETS 645,118 756,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,383

765,613

CREDITORS
Amounts falling due after more than one
year

9

203,501

297,120
NET ASSETS 450,882 468,493

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 450,880 468,491
450,882 468,493

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

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

Solera Associates Ltd (Registered number: 03150289)

Balance Sheet - continued
31 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 23 September 2024 and were signed on its behalf by:





E J P Chanter - Director


Solera Associates Ltd (Registered number: 03150289)

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

1. STATUTORY INFORMATION

Solera Associates 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.

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 on Furniture and Computer Equipment has in earlier years been provided at rates calculated to write off the cost of these fixed assets, less their estimated residual value, over their expected useful lives. No further depreciation is now considered necessary.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,015
NET BOOK VALUE
At 31 March 2024 1,015
At 31 March 2023 1,015

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
No description 8,250 8,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 35,770 -

Solera Associates Ltd (Registered number: 03150289)

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

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Other 936,467 1,066,556

Properties held for refurbishment and sale comprise:
Nelson Street, St Andrews - £731,645
West Park Road, Newport-on-Tay - £204,822

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 292,500 294,248
Trade creditors 6,395 11,571
Taxation and social security 28,437 94,507
Other creditors 33,178 43,829
360,510 444,155

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 203,501 297,120

The other creditors figure is the directors loan account balance. This loan is subject to interest at the market rate and has no specific repayment terms.