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REGISTERED NUMBER: 05371526 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOUTH EAST PROPERTY DEVELOPMENTS LTD

SOUTH EAST PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 05371526)






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


SOUTH EAST PROPERTY DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D P Geere
S Delsignore
Mrs H A Geere
Mrs D Delsignore





SECRETARY: D P Geere





REGISTERED OFFICE: Unit 5 The Glenmore Centre
Castle Road
Sittingbourne
Kent
ME10 3GL





REGISTERED NUMBER: 05371526 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

SOUTH EAST PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 05371526)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,687 45,863

CURRENT ASSETS
Stocks 51,069 51,127
Debtors 5 287,119 273,855
Cash at bank and in hand 82,774 125,013
420,962 449,995
CREDITORS
Amounts falling due within one year 6 229,472 271,572
NET CURRENT ASSETS 191,490 178,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,177

224,286

PROVISIONS FOR LIABILITIES 14,922 11,466
NET ASSETS 236,255 212,820

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 236,245 212,810
SHAREHOLDERS' FUNDS 236,255 212,820

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.

SOUTH EAST PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 05371526)

BALANCE SHEET - 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 13 November 2024 and were signed on its behalf by:





D P Geere - Director


SOUTH EAST PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 05371526)

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

1. STATUTORY INFORMATION

South East Property Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services.

Turnover from the rendering of bathroom and kitchen sales and installation services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash.

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.


SOUTH EAST PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 05371526)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 9,709 238,541 103,924 1,431 353,605
Additions - - 26,248 2,576 28,824
Disposals (183 ) (32,868 ) (30,752 ) - (63,803 )
At 31 March 2024 9,526 205,673 99,420 4,007 318,626
DEPRECIATION
At 1 April 2023 8,928 229,133 69,509 172 307,742
Charge for year 194 2,279 8,390 803 11,666
Eliminated on disposal (178 ) (32,578 ) (27,713 ) - (60,469 )
At 31 March 2024 8,944 198,834 50,186 975 258,939
NET BOOK VALUE
At 31 March 2024 582 6,839 49,234 3,032 59,687
At 31 March 2023 781 9,408 34,415 1,259 45,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,841 34,713
Other debtors 254,278 239,142
287,119 273,855

SOUTH EAST PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 05371526)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 94,379 90,987
Taxation and social security 104,159 109,451
Other creditors 30,934 71,134
229,472 271,572

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,361 22,315
Between one and five years 22,631 2,025
55,992 24,340