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SOUND PROPERTY MANAGEMENT LIMITED

Registered Number
10810114
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

SOUND PROPERTY MANAGEMENT LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

ALLEN, Amanda Jane
ALLEN, Stephen Andrew

Registered Address

1 Gemini Court
42a Throwley Way,
Sutton
SM1 4AF

Registered Number

10810114 (England and Wales)
SOUND PROPERTY MANAGEMENT LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,154719
Investments51,380,0001,260,000
Investment property4599,738599,738
1,980,8921,860,457
Current assets
Debtors658,30058,300
Cash at bank and on hand8,11525,635
66,41583,935
Creditors amounts falling due within one year7(22,800)(817,842)
Net current assets (liabilities)43,615(733,907)
Total assets less current liabilities2,024,5071,126,550
Creditors amounts falling due after one year8(1,640,900)(732,355)
Net assets383,607394,195
Capital and reserves
Called up share capital100100
Profit and loss account383,507394,095
Shareholders' funds383,607394,195
The financial statements were approved and authorised for issue by the Board of Directors on 7 March 2025, and are signed on its behalf by:
ALLEN, Stephen Andrew
Director
Registered Company No. 10810114
SOUND PROPERTY MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 30 June 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 23959959
Additions819819
At 30 June 241,7781,778
Depreciation and impairment
At 01 July 23240240
Charge for year384384
At 30 June 24624624
Net book value
At 30 June 241,1541,154
At 30 June 23719719
4.Investment property

£
Fair value at 01 July 23599,738
At 30 June 24599,738
5.Fixed asset investments

Other loans1

Total

££
Cost or valuation
At 01 July 231,260,0001,260,000
Additions120,000120,000
At 30 June 241,380,0001,380,000
Net book value
At 30 June 241,380,0001,380,000
At 30 June 231,260,0001,260,000

Notes

1Other loans classified under investments
6.Debtors: amounts due within one year

2024

2023

££
Other debtors58,30058,300
Total58,30058,300
7.Creditors: amounts due within one year

2024

2023

££
Taxation and social security13,54814,425
Other creditors9,252803,417
Total22,800817,842
8.Creditors: amounts due after one year

2024

2023

££
Other creditors1,640,900732,355
Total1,640,900732,355
9.Guarantees provided on behalf of directors
The company received a loan from Directors on which no interest was charged. At the balance sheet date the amount of the loan outstanding was £1,640,900.