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REGISTERED NUMBER: 11388016 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Solid Property Invest Ltd

Solid Property Invest Ltd (Registered number: 11388016)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solid Property Invest Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: I Gashi





REGISTERED OFFICE: 7 Park Road
Stanwell
Staines-Upon-Thames
TW19 7PB





REGISTERED NUMBER: 11388016 (England and Wales)






Solid Property Invest Ltd (Registered number: 11388016)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 551,277 513,777

CURRENT ASSETS
Cash at bank 716 667

CREDITORS
Amounts falling due within one year 5 7,440 7,440
NET CURRENT LIABILITIES (6,724 ) (6,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,553

507,004

CREDITORS
Amounts falling due after more than one
year

6

556,251

519,016
NET LIABILITIES (11,698 ) (12,012 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (11,798 ) (12,112 )
SHAREHOLDERS' FUNDS (11,698 ) (12,012 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Solid Property Invest Ltd (Registered number: 11388016)

Balance Sheet - continued
31 May 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 director and authorised for issue on 27 January 2025 and were signed by:





I Gashi - Director


Solid Property Invest Ltd (Registered number: 11388016)

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

1. STATUTORY INFORMATION

Solid Property Invest 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume discounts.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Solid Property Invest Ltd (Registered number: 11388016)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realize the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balance, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable with one year are not amortized.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognized a transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable with one year are amortized.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Solid Property Invest Ltd (Registered number: 11388016)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 513,777
Additions 37,500
At 31 May 2024 551,277
NET BOOK VALUE
At 31 May 2024 551,277
At 31 May 2023 513,777

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 7) 6,000 6,000
Other creditors 1,440 1,440
7,440 7,440

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 7) 173,140 135,905
Other creditors 383,111 383,111
556,251 519,016

Amounts falling due in more than five years:

Repayable by instalments
Shareholders loans 162,418 118,910
Other loans more 5yrs instal 383,111 383,111
545,529 502,021

7. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 6,000

Solid Property Invest Ltd (Registered number: 11388016)

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

7. LOANS - continued
31.5.24 31.5.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,000 6,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,722 10,995

Amounts falling due in more than five years:

Repayable by instalments
Shareholders loans 162,418 118,910
Other loans more 5yrs instal 383,111 383,111
545,529 502,021

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Other loans 383,111 383,111

These loans are secured by a legal charge over all freehold properties owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary Shares £1 100 100

10. RELATED PARTY DISCLOSURES

The company had loans due to the director and shareholder, Mr I Gashi during the period under review in the amount of £162,418. The loans are unsecured, interest free and are repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Gashi.