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REGISTERED NUMBER: 04216412 (England and Wales)















Financial Statements for the Year Ended 31st May 2024

for

Solidoak Properties Ltd

Solidoak Properties Ltd (Registered number: 04216412)

Contents of the Financial Statements
for the year ended 31st May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Solidoak Properties Ltd

Company Information
for the year ended 31st May 2024







DIRECTORS: B J Culver
R M Culver





REGISTERED OFFICE: Unit C2
Spectrum Business Centre
Anthonys Way, Medway City Estate
Rochester
Kent
ME2 4NP





REGISTERED NUMBER: 04216412 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Solidoak Properties Ltd (Registered number: 04216412)

Statement of Financial Position
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,803 24,940

CURRENT ASSETS
Debtors 5 - 193,633
Cash at bank 315,960 104,149
315,960 297,782
CREDITORS
Amounts falling due within one year 6 47,502 31,049
NET CURRENT ASSETS 268,458 266,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,261

291,673

CREDITORS
Amounts falling due after more than one
year

7

(10,823

)

(20,823

)

PROVISIONS FOR LIABILITIES (720 ) -
NET ASSETS 298,718 270,850

CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 30 30
Retained earnings 298,628 270,760
SHAREHOLDERS' FUNDS 298,718 270,850

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Solidoak Properties Ltd (Registered number: 04216412)

Statement of Financial Position - continued
31st 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 Board of Directors and authorised for issue on 21st February 2025 and were signed on its behalf by:





R M Culver - Director


Solidoak Properties Ltd (Registered number: 04216412)

Notes to the Financial Statements
for the year ended 31st May 2024


1. STATUTORY INFORMATION

Solidoak Properties 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.

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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 50 years
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Solidoak Properties Ltd (Registered number: 04216412)

Notes to the Financial Statements - continued
for the year ended 31st May 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023 43,000 - 43,000
Additions - 18,100 18,100
At 31st May 2024 43,000 18,100 61,100
DEPRECIATION
At 1st June 2023 18,060 - 18,060
Charge for year 860 377 1,237
At 31st May 2024 18,920 377 19,297
NET BOOK VALUE
At 31st May 2024 24,080 17,723 41,803
At 31st May 2023 24,940 - 24,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 18,000
Other debtors and prepayments - 175,633
- 193,633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,017 -
Corporation tax 5,997 -
Social security and other taxes 232 2,266
Other creditors and accruals 23,256 18,783
47,502 31,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,823 20,823

8. ULTIMATE CONTROLLING PARTY

During the year under review, the company was under the joint control of the two directors.