Company Registration No. 2744037 (England and Wales)
S.R. Properties (Kent) Limited
Unaudited accounts
for the year ended 27 March 2024
S.R. Properties (Kent) Limited
Unaudited accounts
Contents
S.R. Properties (Kent) Limited
Company Information
for the year ended 27 March 2024
Directors
Sandra McGuigan
Finbar Patrick McGuigan
Company Number
2744037 (England and Wales)
Registered Office
Dargate House
Hernhil
Faversham
Kent
ME13 9JF
S.R. Properties (Kent) Limited
Statement of financial position
as at 27 March 2024
Tangible assets
1,525,920
1,562,260
Cash at bank and in hand
7,986
79
Creditors: amounts falling due within one year
(44,569)
(44,068)
Net current assets
133,742
177,736
Total assets less current liabilities
1,659,662
1,739,996
Creditors: amounts falling due after more than one year
(1,878,305)
(1,904,496)
Net liabilities
(218,643)
(164,500)
Called up share capital
2
2
Revaluation reserve
216,643
216,643
Profit and loss account
(435,288)
(381,145)
Shareholders' funds
(218,643)
(164,500)
For the year ending 27 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
Sandra McGuigan
Director
Company Registration No. 2744037
S.R. Properties (Kent) Limited
Notes to the Accounts
for the year ended 27 March 2024
S.R. Properties (Kent) Limited is a private company, limited by shares, registered in England and Wales, registration number 2744037. The registered office is Dargate House, Hernhil, Faversham, Kent, ME13 9JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land and Buildings - over 50 years
4
Tangible fixed assets
Land & buildings
At 28 March 2023
1,817,000
At 27 March 2024
1,817,000
Charge for the year
36,340
At 27 March 2024
1,525,920
At 27 March 2023
1,562,260
Amounts falling due within one year
Other debtors
170,325
221,725
S.R. Properties (Kent) Limited
Notes to the Accounts
for the year ended 27 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
996
996
Loans from directors
40,093
39,592
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,384,683
1,386,965
Other creditors
493,622
517,531
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).