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REGISTERED NUMBER: 10697313 (England and Wales)












S & T HAMPSHIRE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






S & T HAMPSHIRE PROPERTIES LIMITED (REGISTERED NUMBER: 10697313)

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


S & T HAMPSHIRE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S Khaira
Mrs T Khaira





REGISTERED OFFICE: 16 Hadrian Way
Chilworth
Southampton
Hampshire
SO16 7HY





REGISTERED NUMBER: 10697313 (England and Wales)

S & T HAMPSHIRE PROPERTIES LIMITED (REGISTERED NUMBER: 10697313)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 980,000 980,000
980,000 980,000

CURRENT ASSETS
Debtors 6 6,922 2,625
Cash at bank 4,974 12,305
11,896 14,930
CREDITORS
Amounts falling due within one year 7 (24,361 ) (56,294 )
NET CURRENT LIABILITIES (12,465 ) (41,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,535

938,636

CREDITORS
Amounts falling due after more than one year 8 (664,840 ) (674,991 )

PROVISIONS FOR LIABILITIES (61,406 ) (61,406 )
NET ASSETS 241,289 202,239

S & T HAMPSHIRE PROPERTIES LIMITED (REGISTERED NUMBER: 10697313)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £ £
CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 189,855 189,855
Retained earnings 51,334 12,284
241,289 202,239

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





Mr S Khaira - Director


S & T HAMPSHIRE PROPERTIES LIMITED (REGISTERED NUMBER: 10697313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

S & T Hampshire Properties 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.

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents gross rents receivable.

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 - Straight line over 3 years

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.


S & T HAMPSHIRE PROPERTIES LIMITED (REGISTERED NUMBER: 10697313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

S & T HAMPSHIRE PROPERTIES LIMITED (REGISTERED NUMBER: 10697313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2023
and 31 March 2024 1,400
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,400
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 980,000
NET BOOK VALUE
At 31 March 2024 980,000
At 31 March 2023 980,000

Fair value at 31 March 2024 is represented by:
£
Valuation in 2020 346,262
Valuation in 2022 (95,000 )
Cost 728,738
980,000

The investment properties were valued on a open market basis by the Directors at 31 March 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 6,922 2,625

S & T HAMPSHIRE PROPERTIES LIMITED (REGISTERED NUMBER: 10697313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,204 9,952
Trade creditors - 978
Taxation and social security 7,298 -
Other creditors 6,859 45,364
24,361 56,294

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 664,840 674,991

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 652,604 652,604
652,604 652,604

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 675,043 684,991

Mortgages are secured on the company's investment properties.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £6,923 (2023: £nil) were made to the company's directors. £nil (2023: £10,000) was repaid prior to the year-end. The balance outstanding at the year end to the company was £6,923 (2023: £nil).

No interest is payable and the advances are repayable on demand.