SOLID ROCK ESTATES LTD

Company Registration Number:
10689458 (England and Wales)

Unaudited abridged accounts for the year ended 29 March 2024

Period of accounts

Start date: 01 April 2023

End date: 29 March 2024

SOLID ROCK ESTATES LTD

Contents of the Financial Statements

for the Period Ended 29 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

SOLID ROCK ESTATES LTD

Company Information

for the Period Ended 29 March 2024




Registered office: 2a
Broxbourne Rd
Orpington
Kent
England
BR6 0AY
Company Registration Number: 10689458 (England and Wales)

SOLID ROCK ESTATES LTD

Balance sheet

As at 29 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 1,000
Tangible assets: 4 847,956 875,747
Total fixed assets: 847,956 876,747
Current assets
Cash at bank and in hand: 8,291 39,637
Total current assets: 8,291 39,637
Creditors: amounts falling due within one year: ( 150,200 ) ( 147,548 )
Net current assets (liabilities): ( 141,909 ) ( 107,911 )
Total assets less current liabilities: 706,047 768,836
Creditors: amounts falling due after more than one year: ( 568,486 ) ( 586,659 )
Provision for liabilities: ( 34,799 ) ( 34,799 )
Total net assets (liabilities): 102,762 147,378

The notes form part of these financial statements

SOLID ROCK ESTATES LTD

Balance sheet continued

As at 29 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Revaluation reserve: 5 147,452 147,452
Profit and loss account: ( 44,692 ) ( 76 )
Shareholders funds: 102,762 147,378

For the year ending 29 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 December 2024
And Signed On Behalf Of The Board By:

Name: Oladotun Adeleye
Status: Director

The notes form part of these financial statements

SOLID ROCK ESTATES LTD

Notes to the Financial Statements

for the Period Ended 29 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value of services provided under an agreement to the extent that there is a right consideration and is recorded at the value of the consideration due. Where a service/work has been partially completed at the balance sheet date; turnover represent the value of service provided to date based on a proportion of the total expected consideration at completion.
    Where payments are received from customers in advance of services provided, the amount are recorded as Deferred income and included as part of Creditors due within one year.

    Tangible fixed assets depreciation policy

    Fixed Assets are depreciated over their economy useful life using straight line method at the following rates:
    Land & Building 2%
    Office Equipment 25%

SOLID ROCK ESTATES LTD

Notes to the Financial Statements

for the Period Ended 29 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

SOLID ROCK ESTATES LTD

Notes to the Financial Statements

for the Period Ended 29 March 2024

  • 3. Off balance sheet disclosure

    No

SOLID ROCK ESTATES LTD

Notes to the Financial Statements

for the Period Ended 29 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 897,556
Additions -
Disposals (10,250)
Revaluations -
Transfers -
At 29 March 2024 887,306
Depreciation
At 01 April 2023 21,809
Charge for year 20,104
On disposals (2,563)
Other adjustments -
At 29 March 2024 39,350
Net book value
At 29 March 2024 847,956
At 31 March 2023 875,747

Fixed Assets are depreciated over their economy useful life using straight line method at the following rates:
Land & Building 2%
Office Equipment 25%

SOLID ROCK ESTATES LTD

Notes to the Financial Statements

for the Period Ended 29 March 2024

5. Revaluation reserve


2024
£
Balance at 01 April 2023 147,452
Surplus or deficit after revaluation 0
Balance at 29 March 2024 147,452