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REGISTERED NUMBER: 04356059 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SRH PROPERTIES LTD

SRH PROPERTIES LTD (REGISTERED NUMBER: 04356059)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRH PROPERTIES LTD

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr S R Haslam



SECRETARY: Ms E J Morgan



REGISTERED OFFICE: C/O Folsana Pressed Sections
Limited Sidney Street
Bolton
Lancashire
BL3 6BF



REGISTERED NUMBER: 04356059 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Handelsbanken
Bolton Branch
6 The Courtyard Calvin Street
Bolton
BL1 8PB

SRH PROPERTIES LTD (REGISTERED NUMBER: 04356059)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,165 -
Investment property 5 4,799,385 4,799,385
4,800,550 4,799,385

CURRENT ASSETS
Debtors 6 53,155 77,710
Cash at bank and in hand 55,803 14,328
108,958 92,038
CREDITORS
Amounts falling due within one year 7 169,224 302,847
NET CURRENT LIABILITIES (60,266 ) (210,809 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,740,284

4,588,576

CREDITORS
Amounts falling due after more than one
year

8

(1,300,000

)

(1,300,000

)

PROVISIONS FOR LIABILITIES (354,855 ) (269,690 )
NET ASSETS 3,085,429 3,018,886

CAPITAL AND RESERVES
Called up share capital 22 4
Retained earnings - non distributable 1,120,655 1,205,820
Retained earnings 1,964,752 1,813,062
SHAREHOLDERS' FUNDS 3,085,429 3,018,886

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.

SRH PROPERTIES LTD (REGISTERED NUMBER: 04356059)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





Mr S R Haslam - Director


SRH PROPERTIES LTD (REGISTERED NUMBER: 04356059)

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


1. STATUTORY INFORMATION

SRH Properties 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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced in the year, less amounts invoiced in advance which have been credited to deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at 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 Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

SRH PROPERTIES LTD (REGISTERED NUMBER: 04356059)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 1,012
Additions 1,748
At 31 January 2024 2,760
DEPRECIATION
At 1 February 2023 1,012
Charge for year 583
At 31 January 2024 1,595
NET BOOK VALUE
At 31 January 2024 1,165
At 31 January 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 4,799,385
NET BOOK VALUE
At 31 January 2024 4,799,385
At 31 January 2023 4,799,385

Included within investment property:

Are investment properties showing at their open market value of £4,050,000. These properties were valued on an open market basis in July 2020 by Lamb & Swift Commercial Property.

Are investment properties showing at their cost of £749,385. It was considered that the open market value of these properties would not have changed materially by the year end therefore the open market value for these properties has been left at £749,385.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2004 56,091
Valuation in 2021 1,419,419
Cost 3,323,875
4,799,385

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 6,667 4,250
Other debtors 46,488 73,460
53,155 77,710

SRH PROPERTIES LTD (REGISTERED NUMBER: 04356059)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 90,512 96,388
Other creditors 78,712 206,459
169,224 302,847

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 1,300,000 1,300,000