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SETTLED LIVING LIMITED

Registered Number
14130983
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

SETTLED LIVING LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

RAMDIN, Kshi Lognathsingh
RAMDIN, Mahendranatsingh

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

14130983 (England and Wales)
SETTLED LIVING LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property41,914,6201,007,628
1,914,6201,007,628
Current assets
Debtors347-
Cash at bank and on hand29,209107,598
29,556107,598
Creditors amounts falling due within one year5(1,076,504)(818,155)
Net current assets (liabilities)(1,046,948)(710,557)
Total assets less current liabilities867,672297,071
Creditors amounts falling due after one year6(782,893)(267,780)
Net assets84,77929,291
Capital and reserves
Called up share capital100100
Profit and loss account84,67929,191
Shareholders' funds84,77929,291
The financial statements were approved and authorised for issue by the Board of Directors on 24 February 2025, and are signed on its behalf by:
RAMDIN, Mahendranatsingh
Director
Registered Company No. 14130983
SETTLED LIVING LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets
4.Investment property

£
Fair value at 01 June 231,007,628
Additions906,992
At 31 May 241,914,620
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security14,9046,903
Other creditors1,060,724810,412
Accrued liabilities and deferred income876840
Total1,076,504818,155
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts782,893267,780
Total782,893267,780