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REGISTERED NUMBER: 11145245 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

S&OTS Limited

S&OTS Limited (Registered number: 11145245)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S&OTS Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M Rogerson





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 11145245 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

S&OTS Limited (Registered number: 11145245)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,660 3,980
Investments 5 229,112 314,112
Investment property 6 750,000 670,000
982,772 988,092

CURRENT ASSETS
Debtors 7 15,177 43,368
Cash at bank 181,055 3,559
196,232 46,927
CREDITORS
Amounts falling due within one year 8 166,462 57,688
NET CURRENT ASSETS/(LIABILITIES) 29,770 (10,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,012,542

977,331

CREDITORS
Amounts falling due after more than one
year

9

(280,585

)

(281,657

)

PROVISIONS FOR LIABILITIES (27,812 ) (5,997 )
NET ASSETS 704,145 689,677

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 107,585 27,585
Retained earnings 596,460 661,992
704,145 689,677

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 17 April 2024 and were signed by:



M Rogerson - Director


S&OTS Limited (Registered number: 11145245)

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

1. STATUTORY INFORMATION

S&OTS 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company management consultancy activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

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 - 25% 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


S&OTS Limited (Registered number: 11145245)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 8,838
Additions 2,324
At 31 January 2024 11,162
DEPRECIATION
At 1 February 2023 4,858
Charge for year 2,644
At 31 January 2024 7,502
NET BOOK VALUE
At 31 January 2024 3,660
At 31 January 2023 3,980

S&OTS Limited (Registered number: 11145245)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023 314,112
Impairments (85,000 )
At 31 January 2024 229,112
NET BOOK VALUE
At 31 January 2024 229,112
At 31 January 2023 314,112

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 670,000
Revaluations 80,000
At 31 January 2024 750,000
NET BOOK VALUE
At 31 January 2024 750,000
At 31 January 2023 670,000

The property was valued on 31 January 2024 on an open market basis by the director.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 15,177 43,368

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,176 5,914
Trade creditors 1,905 85
Taxation and social security 7,728 44,568
Other creditors 153,653 7,121
166,462 57,688

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 280,585 281,657

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 252,999 252,279

S&OTS Limited (Registered number: 11145245)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Mortgage 280,579 287,570

The company mortgage is secured on the Investment Property held by the company.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M Rogerson
Balance outstanding at start of year 36,208 (54,000 )
Amounts advanced 41,713 138,311
Amounts repaid (77,921 ) (48,103 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 36,208

The maximum amount outstanding during the year and due to the company by the director was £36,208. No interest was paid on this balance during the year.

At the balance sheet date the company owed an amount of £144,132 to the director.