Registered number
11095731
Send8 Properties Ltd
Filleted Accounts
31 May 2024
Send8 Properties Ltd
Registered number: 11095731
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 439 516
Investments 4 697,000 640,000
697,439 640,516
Current assets
Debtors 5 13,219 1,150
Cash at bank 27,178 20,787
40,397 21,937
Creditors: amounts falling due within one year 6 (8,064) (9,772)
Net current assets 32,333 12,165
Total assets less current liabilities 729,772 652,681
Creditors: amounts falling due after more than one year 7 (561,551) (541,608)
Provisions for liabilities (27,946) (17,131)
Net assets 140,275 93,942
Capital and reserves
Called up share capital 3,000 3,000
Profit and loss account 137,275 90,942
Shareholder's funds 140,275 93,942
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
NC Edwards
Director
Approved by the board on 24 February 2025
Send8 Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Furniture and fittings 15% on reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Furniture and fittings
£
Cost
At 1 June 2023 946
At 31 May 2024 946
Depreciation
At 1 June 2023 430
Charge for the year 77
At 31 May 2024 507
Net book value
At 31 May 2024 439
At 31 May 2023 516
4 Investments
Investment
property
£
Fair value
At 1 June 2023 640,000
Revaluation 57,000
At 31 May 2024 697,000
Historical cost
At 1 June 2023 550,352
At 31 May 2024 550,352
The investment property has been valued by the director.
5 Debtors 2024 2023
£ £
Other debtors and prepayments 13,219 1,150
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 2,453 5,009
Business card account 2,587 25
Taxation 316 2,328
Other creditors and accruals 2,708 2,410
8,064 9,772
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank and mortgage loans 425,945 403,885
Director's loan account 135,606 137,723
561,551 541,608
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 425,945 401,844
Secured mortgage loans 425,945 401,844
The mortgage loans are secured with fixed legal charges over the investment property and a floating charge over all property or undertakings of the company.
9 Other information
Send8 Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Shoveller Drive
Apley
Telford
Shropshire
TF1 6GQ
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