2024-02-282025-02-282025-02-28false15528323SOLENT VIEW LETTINGS 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SOLENT VIEW LETTINGS LTD

Registered Number
15528323
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2025

SOLENT VIEW LETTINGS LTD
Company Information
for the period from 28 February 2024 to 28 February 2025

Director

EVANS, Wayne

Company Secretary

EVANS, Wayne

Registered Address

45 Brighstone Road
Portsmouth
PO6 3HP

Registered Number

15528323 (England and Wales)
SOLENT VIEW LETTINGS LTD
Balance Sheet as at
28 February 2025

Notes

2025

£

£

Fixed assets
Tangible assets37,406
Investment property4424,485
431,891
Current assets
Debtors985
Cash at bank and on hand52,685
53,670
Creditors amounts falling due within one year5(485,082)
Net current assets (liabilities)(431,412)
Total assets less current liabilities479
Net assets479
Capital and reserves
Profit and loss account479
Shareholders' funds479
The financial statements were approved and authorised for issue by the Director on 11 March 2025, and are signed on its behalf by:
EVANS, Wayne
Director
Registered Company No. 15528323
SOLENT VIEW LETTINGS LTD
Notes to the Financial Statements
for the period ended 28 February 2025

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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
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

2025
Average number of employees during the year2
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions7,5337,533
At 28 February 257,5337,533
Depreciation and impairment
Charge for year127127
At 28 February 25127127
Net book value
At 28 February 257,4067,406
At 27 February 24--
4.Investment property

£
Additions424,485
At 28 February 25424,485
5.Creditors: amounts due within one year

2025

£
Amounts owed to related parties479,982
Accrued liabilities and deferred income5,100
Total485,082