SRP Property Investments LTD

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Company Information

Director

Mr Stuart Griffin

Registered office

143 Marton Road
Middlesbrough
TS1 2EA

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants81 Borough Road
Middlesbrough
TS1 3AA

SRP Property Investments LTD

(Registration number: 14058104)
Balance Sheet as at 30 April 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	1,034,186	994,661
Current assets
Cash at bank and in hand		139	3,380
Creditors: Amounts falling due within one year	5	(1,219,376)	(998,526)
Net current liabilities		(1,219,237)	(995,146)
Net liabilities		(185,051)	(485)
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		(186,051)	(1,485)
Shareholders' deficit		(185,051)	(485)

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 April 2025

.........................................
Mr Stuart Griffin
Director

SRP Property Investments LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
143 Marton Road
Middlesbrough
TS1 2EA

These financial statements were authorised for issue by the director on 7 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

SRP Property Investments LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Investment properties

	2024 £
At 1 May	994,661
Additions	59,385
Disposals	(19,860)
At 30 April	1,034,186

The director believes the cost valuation is accurate and that no material changes have occurred since this date.

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	900	900
Other creditors	1,218,476	997,626
	1,219,376	998,526