Silverfin false false 30/06/2024 01/07/2023 30/06/2024 S E Todd 23/06/2022 28 February 2025 The principal activity of the Company during the financial year was that of investment property. 14190376 2024-06-30 14190376 bus:Director1 2024-06-30 14190376 2023-06-30 14190376 core:CurrentFinancialInstruments 2024-06-30 14190376 core:CurrentFinancialInstruments 2023-06-30 14190376 core:ShareCapital 2024-06-30 14190376 core:ShareCapital 2023-06-30 14190376 core:RetainedEarningsAccumulatedLosses 2024-06-30 14190376 core:RetainedEarningsAccumulatedLosses 2023-06-30 14190376 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-06-30 14190376 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-06-30 14190376 2023-07-01 2024-06-30 14190376 bus:FilletedAccounts 2023-07-01 2024-06-30 14190376 bus:SmallEntities 2023-07-01 2024-06-30 14190376 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14190376 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14190376 bus:Director1 2023-07-01 2024-06-30 14190376 2022-06-23 2023-06-30 iso4217:GBP xbrli:pure

Company No: 14190376 (England and Wales)

SOLENT LAND & PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

SOLENT LAND & PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

SOLENT LAND & PROPERTY LIMITED

BALANCE SHEET

As at 30 June 2024
SOLENT LAND & PROPERTY LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Fixed assets
Investment property 3 520,436 520,436
520,436 520,436
Current assets
Debtors 4 100 100
Cash at bank and in hand 37,011 16,506
37,111 16,606
Creditors: amounts falling due within one year 5 ( 526,133) ( 524,544)
Net current liabilities (489,022) (507,938)
Total assets less current liabilities 31,414 12,498
Net assets 31,414 12,498
Capital and reserves
Called-up share capital 100 100
Profit and loss account 31,314 12,398
Total shareholder's funds 31,414 12,498

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Solent Land & Property Limited (registered number: 14190376) were approved and authorised for issue by the Director on 28 February 2025. They were signed on its behalf by:

S E Todd
Director
SOLENT LAND & PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SOLENT LAND & PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Solent Land & Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Year ended
30.06.2024
Period from
23.06.2022 to
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 520,436
As at 30 June 2024 520,436

4. Debtors

30.06.2024 30.06.2023
£ £
Amounts owed by Group undertakings 100 100

5. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Amounts owed to related parties 520,436 520,436
Taxation and social security 4,437 2,908
Other creditors 1,260 1,200
526,133 524,544

6. Ultimate controlling party

Parent Company:

Solent Motor Group Limited