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REGISTERED NUMBER: 08135158 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOHOT PROPERTY LIMITED

SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOHOT PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr G W De Canha





REGISTERED OFFICE: 8 Little Meadow
Horley
RH6 9FL





REGISTERED NUMBER: 08135158 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 600,000 600,000

CURRENT ASSETS
Cash at bank 3,978 3,616

CREDITORS
Amounts falling due within one year 5 63,780 55,917
NET CURRENT LIABILITIES (59,802 ) (52,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,198

547,699

CREDITORS
Amounts falling due after more than one year 6 (438,155 ) (438,155 )

PROVISIONS FOR LIABILITIES (26,086 ) (26,086 )
NET ASSETS 75,957 83,458

CAPITAL AND RESERVES
Called up share capital 7 10 10
Revaluation reserve 8 136,631 136,631
Retained earnings 8 (60,684 ) (53,183 )
SHAREHOLDERS' FUNDS 75,957 83,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158)

BALANCE SHEET - continued
30 JUNE 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 12 February 2025 and were signed by:





Mr G W De Canha - Director


SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Sohot Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. No depreciation is recognised

Leasehold None

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.

Going concern disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

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

SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 July 2023
and 30 June 2024 600,000
NET BOOK VALUE
At 30 June 2024 600,000
At 30 June 2023 600,000

This value is made up of one property being,
PP Oakdale worth £600,000 (Revaluation adjustment £168,680),
This is the most recent and reliable market value of the property.

Fair value of Leasehold Properties of £600,000 at 30 June 2024 is represented by:
Cost £431,320
Valuation in 2016 £118,680
Valuation in 2021 £50,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 7,800 2,596
Director's current account 54,132 51,641
Accruals and deferred income 1,848 1,680
63,780 55,917

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 438,155 438,155

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
10 Ordinary 1 10 10

SOHOT PROPERTY LIMITED (REGISTERED NUMBER: 08135158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 (53,183 ) 136,631 83,448
Deficit for the year (7,501 ) (7,501 )
At 30 June 2024 (60,684 ) 136,631 75,947

9. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due within one year, is an amount of £54,133 (2023: £51,641) owed to the director. This loan is interest free, of no fixed term and repayable on demand.

The company's ultimate controlling party is G W De Canha by virtue of his ownership of 100% of the issued share capital in the company.

10. TAXATION

The company has carried forward losses of £37,506 (2023: £30,005) which it can use against future taxable profits.