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REGISTERED NUMBER: 08963171 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Soalrim Property Holdings Ltd

Soalrim Property Holdings Ltd (Registered number: 08963171)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Soalrim Property Holdings Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W J McMurray
G Aliferis





REGISTERED OFFICE: PM House
Riverway Estate
Old Portsmouth Road
Guildford
Surrey
GU3 1LZ





REGISTERED NUMBER: 08963171 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Soalrim Property Holdings Ltd (Registered number: 08963171)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 842 1,123
Investment property 5 1,176,404 1,176,404
1,177,246 1,177,527

CURRENT ASSETS
Debtors 6 471,570 469,797
Cash at bank 112,688 103,326
584,258 573,123
CREDITORS
Amounts falling due within one year 7 795,025 790,431
NET CURRENT LIABILITIES (210,767 ) (217,308 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

966,479

960,219

CREDITORS
Amounts falling due after more than one
year

8

537,191

533,218
NET ASSETS 429,288 427,001

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 337,895 337,895
Retained earnings 91,293 89,006
SHAREHOLDERS' FUNDS 429,288 427,001

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.

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 15 October 2024 and were signed on its behalf by:





G Aliferis - Director


Soalrim Property Holdings Ltd (Registered number: 08963171)

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

1. STATUTORY INFORMATION

Soalrim Property Holdings 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 8,130
DEPRECIATION
At 1 April 2023 7,007
Charge for year 281
At 31 March 2024 7,288
NET BOOK VALUE
At 31 March 2024 842
At 31 March 2023 1,123

Soalrim Property Holdings Ltd (Registered number: 08963171)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,176,404
NET BOOK VALUE
At 31 March 2024 1,176,404
At 31 March 2023 1,176,404

Included in investment properties are properties over which the Royal Bank of Scotland have a registered charge.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayment 5,709 72
Other debtors 465,861 469,725
471,570 469,797

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 9) 76,085 75,331
Amounts owed to group undertakings 708,802 705,276
Directors' current accounts 3,776 3,464
Accrued expenses 6,362 6,360
795,025 790,431

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 9) 535,816 533,218
Accruals and deferred income 1,375 -
537,191 533,218

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 535,816 533,218

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 76,085 75,331

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 535,816 533,218

Soalrim Property Holdings Ltd (Registered number: 08963171)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   

The Royal Bank of Scotland have a fixed charge over the investment properties located at St Michael's Lane Leeds, Sandford Mews Godalming and Wharf Street London.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Bgr Realty Holdings by virtue of their shareholding.