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REGISTERED NUMBER: 06597106 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Supply & Demand Limited

Supply & Demand Limited (Registered number: 06597106)






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


Supply & Demand Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A E Aldridge
Mr M R Aldridge
Mr J E Aldridge





SECRETARY: Mrs A E Aldridge





REGISTERED OFFICE: St George's House
14 George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 06597106 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Supply & Demand Limited (Registered number: 06597106)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment properties 4 1,155,000 1,185,000

CURRENT ASSETS
Debtors 5 2,090 2,552
Cash at bank 57,186 47,925
59,276 50,477
CREDITORS
Amounts falling due within one year 6 65,472 52,964
NET CURRENT LIABILITIES (6,196 ) (2,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,804

1,182,513

CREDITORS
Amounts falling due after more than one
year

7

(735,000

)

(735,000

)

PROVISIONS FOR LIABILITIES (62,331 ) (69,831 )
NET ASSETS 351,473 377,682

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 362,858 340,358
Retained earnings (11,386 ) 37,323
SHAREHOLDERS' FUNDS 351,473 377,682

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.

Supply & Demand Limited (Registered number: 06597106)

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 21 November 2024 and were signed on its behalf by:





Mr M R Aldridge - Director


Supply & Demand Limited (Registered number: 06597106)

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

1. STATUTORY INFORMATION

Supply & Demand 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 rents receivable.

Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value are transferred to a revaluation reserve.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 April 2023 1,185,000
Revaluations (30,000 )
At 31 March 2024 1,155,000
NET BOOK VALUE
At 31 March 2024 1,155,000
At 31 March 2023 1,185,000


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,090 2,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,116 2,949
Other creditors 56,356 50,015
65,472 52,964

Supply & Demand Limited (Registered number: 06597106)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 735,000 735,000

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 340,358
Transfers 22,500

At 31 March 2024 362,858

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors, £780,397 (2023: £777,617) in respect of a long term loan and their directors' current accounts.