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REGISTERED NUMBER: 13441273 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SRS PROPERTY GROUP UK LTD

SRS PROPERTY GROUP UK LTD (REGISTERED NUMBER: 13441273)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRS PROPERTY GROUP UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Ms J M C Flynn





REGISTERED OFFICE: Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 13441273 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

SRS PROPERTY GROUP UK LTD (REGISTERED NUMBER: 13441273)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 413 551
Investment property 5 96,350 96,350
96,763 96,901

CURRENT ASSETS
Cash at bank 277 474

CREDITORS
Amounts falling due within one year 6 36,548 35,355
NET CURRENT LIABILITIES (36,271 ) (34,881 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,492

62,020

CREDITORS
Amounts falling due after more than one
year

7

67,193

67,457
NET LIABILITIES (6,701 ) (5,437 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (6,801 ) (5,537 )
SHAREHOLDERS' FUNDS (6,701 ) (5,437 )

SRS PROPERTY GROUP UK LTD (REGISTERED NUMBER: 13441273)

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 director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





Ms J M C Flynn - Director


SRS PROPERTY GROUP UK LTD (REGISTERED NUMBER: 13441273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

SRS Property Group UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

GOING CONCERN
The financial statements have been prepared on the going concern basis based on the continued support of the company's creditors which, in the opinion of the directors, the company has for the foreseeable future.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

SRS PROPERTY GROUP UK LTD (REGISTERED NUMBER: 13441273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
Cost
At 1 July 2023
and 30 June 2024 979
Depreciation
At 1 July 2023 428
Charge for year 138
At 30 June 2024 566
Net book value
At 30 June 2024 413
At 30 June 2023 551

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2023
and 30 June 2024 96,350
Net book value
At 30 June 2024 96,350
At 30 June 2023 96,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 2,584 2,584
Amounts owed to associates 32,701 31,588
Accruals and deferred income 1,263 1,183
36,548 35,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 67,193 67,457

SRS PROPERTY GROUP UK LTD (REGISTERED NUMBER: 13441273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,584 2,584

Amounts falling due between two and five years:
Bank loans - 2-5 years 67,193 67,457

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 100 100 100