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Draft
Sodium Properties Limited
Registered Number:10109430
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 April 2024
Sodium Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
10109430
As at 30 April 2024
Sodium Properties Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
15,519,323
15,543,074
2
15,519,323
15,543,074
Current assets
Trade and other receivables
598,098
656,961
3
8,785
Cash and cash equivalents
25,548
682,509
606,883
Trade and other payables: amounts falling due within one year
(3,735,268)
(3,577,202)
4
(3,128,385)
(2,894,693)
Net current liabilities
Total assets less current liabilities
12,624,630
12,414,689
Trade and other payables: amounts falling due after more than one
year
(3,860,681)
(3,346,215)
5
9,278,415
Net assets
8,554,008
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
7,541,453
7,541,453
Retained earnings
1,735,962
1,011,555
9,278,415
8,554,008
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr Sudesh Mittal Director
These financial statements were approved and authorised for issue by the Board on 23 January 2025 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 April 2024
Sodium Properties Limited
Notes to the Financial Statements
Statutory Information
Sodium Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
10109430.
Registered address:
45A Boundaries Road
Balham
London
SW2 8EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Furniture and
Fittings
Land and
Buildings
£
£
£
Cost or valuation
At 01 May 2023
15,963,883
697,941
15,265,942
58,385
58,385
-
Additions
At 30 April 2024
15,265,942
756,326
16,022,268
Provision for depreciation and impairment
At 01 May 2023
420,809
420,809
-
Charge for year
82,136
82,136
-
At 30 April 2024
502,945
502,945
-
At 30 April 2024
Net book value
15,265,942
253,381
15,519,323
At 30 April 2023
15,265,942
277,132
15,543,074
3. Trade and other receivables
2023
2024
£
£
Trade debtors
230,055
34,756
Other debtors
426,906
563,342
598,098
656,961
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5
Draft
For the year ended 30 April 2024
Sodium Properties Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
1,071,262
883,606
Bank loans and overdraft
133,014
80,928
Trade creditors
613,844
489,571
Taxation and social security
328,830
220,793
Directors' loan accounts
1,024,588
950,018
Other creditors
405,664
1,110,352
3,577,202
3,735,268
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
3,346,215
3,860,681
The company has a loan facility with Cynergy Bank amounting to £6,600,000.00, which was initially taken out on 6 February 2018. The loan is repayable over a period originally ending in March 2024, with an extension granted until October 2024. The interest rate applicable to the loan is EURIBOR plus 3%.
6. Average number of persons employed
During the year the average number of employees was 0
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