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REGISTERED NUMBER: 13542021 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

S&K Franklin Property Holdings Ltd

S&K Franklin Property Holdings Ltd (Registered number: 13542021)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S&K Franklin Property Holdings Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr S R J Franklin
Mrs K Franklin





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 13542021 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

S&K Franklin Property Holdings Ltd (Registered number: 13542021)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 48,790 52,831
Investment property 6 414,000 323,000
462,790 375,831

CURRENT ASSETS
Debtors 7 95 761
Cash at bank 3,532 2,321
3,627 3,082
CREDITORS
Amounts falling due within one year 8 238,105 228,219
NET CURRENT LIABILITIES (234,478 ) (225,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,312

150,694

CREDITORS
Amounts falling due after more than one
year

9

207,181

207,210
NET ASSETS/(LIABILITIES) 21,131 (56,516 )

CAPITAL AND RESERVES
Called up share capital 10 4 4
Fair value reserve 11 85,324 (5,676 )
Retained earnings 11 (64,197 ) (50,844 )
SHAREHOLDERS' FUNDS 21,131 (56,516 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

S&K Franklin Property Holdings Ltd (Registered number: 13542021)

Statement of Financial Position - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





Mr S R J Franklin - Director


S&K Franklin Property Holdings Ltd (Registered number: 13542021)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

S&K Franklin Property Holdings 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on reducing balance and 5% on cost

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

S&K Franklin Property Holdings Ltd (Registered number: 13542021)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 61,552
DEPRECIATION
At 1 September 2023 8,721
Charge for year 4,041
At 31 August 2024 12,762
NET BOOK VALUE
At 31 August 2024 48,790
At 31 August 2023 52,831

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 323,000
Revaluations 91,000
At 31 August 2024 414,000
NET BOOK VALUE
At 31 August 2024 414,000
At 31 August 2023 323,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 126,034
Valuation in 2023 (131,710 )
Valuation in 2024 91,000
Cost 328,676
414,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 95 761

S&K Franklin Property Holdings Ltd (Registered number: 13542021)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 238,105 228,219

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 207,181 207,210

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
4 4

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 (50,844 ) (5,676 ) (56,520 )
Profit for the year 77,647 77,647
Transfer of realised profit (91,000 ) 91,000 -
At 31 August 2024 (64,197 ) 85,324 21,127