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REGISTERED NUMBER: 09623600 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SOLAR HOUSE LIMITED

SOLAR HOUSE LIMITED (REGISTERED NUMBER: 09623600)

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


SOLAR HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C Petrides
T Tsirtsipis





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 09623600 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

SOLAR HOUSE LIMITED (REGISTERED NUMBER: 09623600)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,389,372 1,389,372

CURRENT ASSETS
Debtors 5 77,900 18,000
Cash at bank 14,528 34,357
92,428 52,357
CREDITORS
Amounts falling due within one year 6 48,145 45,747
NET CURRENT ASSETS 44,283 6,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,433,655

1,395,982

CREDITORS
Amounts falling due after more than one
year

7

1,187,205

1,177,258
NET ASSETS 246,450 218,724

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 246,250 218,524
SHAREHOLDERS' FUNDS 246,450 218,724

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 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.

SOLAR HOUSE LIMITED (REGISTERED NUMBER: 09623600)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





C Petrides - Director


SOLAR HOUSE LIMITED (REGISTERED NUMBER: 09623600)

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


1. STATUTORY INFORMATION

Solar House 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.

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 tax . Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,389,372
NET BOOK VALUE
At 30 June 2024 1,389,372
At 30 June 2023 1,389,372

SOLAR HOUSE LIMITED (REGISTERED NUMBER: 09623600)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 18,000
Amount due from related
companies 77,900 -
77,900 18,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 7,911 7,105
VAT 4,500 5,400
Accruals and deferred income 22,500 22,500
Accrued expenses 13,234 10,742
48,145 45,747

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 488,812 532,931
Other loans (see note 8) 698,393 644,327
1,187,205 1,177,258

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 488,812 532,931
Shareholders loan 698,393 644,327
1,187,205 1,177,258

8. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 488,812 532,931
Shareholders loan 698,393 644,327
1,187,205 1,177,258

SOLAR HOUSE LIMITED (REGISTERED NUMBER: 09623600)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
200 Ordinary share Capital 1 200 200