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REGISTERED NUMBER: 09619301 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Straightforward Properties Limited

Straightforward Properties Limited (Registered number: 09619301)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Balance Sheet 1


Straightforward Properties Limited (Registered number: 09619301)

Balance Sheet
30 June 2024

30.6.24 30.6.23
£    £    £    £   
FIXED ASSETS 2,902,008 2,015,065

CURRENT ASSETS 279,911 365,334

PREPAYMENTS AND ACCRUED INCOME 19,553 19,370

CREDITORS
Amounts falling due within one year (1,939,072 ) (1,197,644 )
NET CURRENT LIABILITIES (1,639,608 ) (812,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,262,400

1,202,125

CREDITORS
Amounts falling due after more than one
year

391,297

471,918
NET ASSETS 871,103 730,207

CAPITAL AND RESERVES 871,103 730,207

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Straightforward Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09619301

Registered office: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

The presentation currency of the financial statements is the Pound Sterling (£).


2. AVERAGE NUMBER OF EMPLOYEES

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

3. OTHER FINANCIAL COMMITMENTS

Minimum lease payments under non-cancellable operating leases total £233,025 (2023: £278,625).

Fixed and floating charges are held by Coutts & Company over all property and undertaking of the company.
Loan repayments due within one year of £75,714 and £342,785 more than one year.



Straightforward Properties Limited (Registered number: 09619301)

Balance Sheet - continued
30 June 2024


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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





R J Breese-Davies - Director