IRIS Accounts Production v24.3.0.553 06498027 Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064980272023-01-31064980272024-01-31064980272023-02-012024-01-31064980272022-01-31064980272022-02-012023-01-31064980272023-01-3106498027ns15:EnglandWales2023-02-012024-01-3106498027ns14:PoundSterling2023-02-012024-01-3106498027ns10:Director12023-02-012024-01-3106498027ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106498027ns10:SmallEntities2023-02-012024-01-3106498027ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106498027ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106498027ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106498027ns10:FullAccounts2023-02-012024-01-3106498027ns10:Director22023-02-012024-01-3106498027ns10:CompanySecretary12023-02-012024-01-3106498027ns10:RegisteredOffice2023-02-012024-01-3106498027ns5:CurrentFinancialInstruments2024-01-3106498027ns5:CurrentFinancialInstruments2023-01-3106498027ns5:ShareCapital2024-01-3106498027ns5:ShareCapital2023-01-3106498027ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3106498027ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3106498027ns5:CostValuation2023-01-3106498027ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3106498027ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3106498027ns5:RetainedEarningsAccumulatedLosses2023-01-3106498027ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3106498027ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-3106498027ns5:RetainedEarningsAccumulatedLosses2024-01-31
REGISTERED NUMBER: 06498027 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Structural Properties Limited

Structural Properties Limited (Registered number: 06498027)






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


Structural Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs D K Kang
S S Kang





SECRETARY: Mrs D K Kang





REGISTERED OFFICE: 2 Castings Road
Sir Francis Ley Industrial Park South
Derby
DE23 8YL





REGISTERED NUMBER: 06498027 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Structural Properties Limited (Registered number: 06498027)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 31,816 31,816
Investment property 5 450,000 380,459
481,816 412,275

CURRENT ASSETS
Debtors 6 21,759 39,020
Cash at bank and in hand 212,913 214,902
234,672 253,922
CREDITORS
Amounts falling due within one year 7 11,439 173,159
NET CURRENT ASSETS 223,233 80,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,049

493,038

CAPITAL AND RESERVES
Called up share capital 20 20
Fair value reserve 8 69,541 -
Retained earnings 8 635,488 493,018
SHAREHOLDERS' FUNDS 705,049 493,038

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:



Mrs D K Kang - Director


Structural Properties Limited (Registered number: 06498027)

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

1. STATUTORY INFORMATION

Structural 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.

Turnover
Turnover represents rental income receivable, excluding valued added tax. Rental income is accounted for in the year in which the property is rented.

Investment property
Investment property is not depreciated but is revalued annually at its fair value in accordance with Section 1A "Small Entities' of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair value reserve.

Fixed asset investments
Fixed asset investments are stated at cost less any permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 31,816
NET BOOK VALUE
At 31 January 2024 31,816
At 31 January 2023 31,816

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 380,459
Revaluations 69,541
At 31 January 2024 450,000
NET BOOK VALUE
At 31 January 2024 450,000
At 31 January 2023 380,459

Structural Properties Limited (Registered number: 06498027)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 450,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 380,459 380,459
Aggregate depreciation (121,760 ) (114,150 )

Investment property was valued on a fair value basis on 31 October 2023 by BB&J Commercial .

The director's consider this to be the fair value at 31 January 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related party 1,020 1,020
Directors' current accounts 20,739 38,000
21,759 39,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 84
Tax 8,349 14,409
Social security and other taxes 1,486 1,486
Amounts owed to group
undertaking 57 155,633
Accrued expenses 1,547 1,547
11,439 173,159

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 493,018 - 493,018
Profit for the year 262,011 262,011
Dividends (50,000 ) (50,000 )
Transfer (69,541 ) 69,541 -
At 31 January 2024 635,488 69,541 705,029