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REGISTERED NUMBER: 05331803 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Solid Ventures Limited

Solid Ventures Limited (Registered number: 05331803)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Solid Ventures Limited (Registered number: 05331803)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,735,000 4,533,000

CURRENT ASSETS
Debtors 5 25,000 -
Cash at bank 113,973 101,288
138,973 101,288
CREDITORS
Amounts falling due within one year 6 1,483,376 1,557,903
NET CURRENT LIABILITIES (1,344,403 ) (1,456,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,390,597

3,076,385

CREDITORS
Amounts falling due after more than one year 7 214,056 214,056
NET ASSETS 3,176,541 2,862,329

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 8 932,693 730,693
Retained earnings 2,243,648 2,131,436
SHAREHOLDERS' FUNDS 3,176,541 2,862,329

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.

Solid Ventures Limited (Registered number: 05331803)

Statement of Financial Position - 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 10 October 2024 and were signed on its behalf by:





Mr Arun Sharma - Director


Solid Ventures Limited (Registered number: 05331803)

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

1. STATUTORY INFORMATION

Solid Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05331803

Registered office: 10 Inverclyde Gardens
Romford
RM6 5SJ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

The company's freehold properties were professionally valued in 2021. This valuation has been reduced by subsequent depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that valuation has not been updated.

The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that there has been a material change in value.

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

3. EMPLOYEES AND DIRECTORS

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

Solid Ventures Limited (Registered number: 05331803)

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

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023 4,533,000
Revaluations 202,000
At 31 March 2024 4,735,000
NET BOOK VALUE
At 31 March 2024 4,735,000
At 31 March 2023 4,533,000

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 202,000
Cost 4,533,000
4,735,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 25,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 35,355 32,646
Other creditors 1,448,021 1,525,257
1,483,376 1,557,903

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 214,056 214,056

Solid Ventures Limited (Registered number: 05331803)

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

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 730,693
Revaluation adjustment 202,000

At 31 March 2024 932,693