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Company Registration No. 15254099 (England and Wales)
SOL Real Estate Ltd Unaudited accounts for the year ended 31 October 2024
SOL Real Estate Ltd Unaudited accounts Contents
Page
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SOL Real Estate Ltd Company Information for the year ended 31 October 2024
Director
Sophie Olivia Lane
Company Number
15254099 (England and Wales)
Registered Office
12 GREENTHORPE MOUNT LEEDS LS13 4LN ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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SOL Real Estate Ltd Statement of financial position as at 31 October 2024
2024 
Notes
£ 
Fixed assets
Investment property
230,000 
Current assets
Debtors
1,590 
Cash at bank and in hand
117,528 
119,118 
Creditors: amounts falling due within one year
(126,949)
Net current liabilities
(7,831)
Total assets less current liabilities
222,169 
Creditors: amounts falling due after more than one year
(164,475)
Provisions for liabilities
Deferred tax
(14,423)
Net assets
43,271 
Capital and reserves
Called up share capital
1 
Revaluation reserve
51,597 
Profit and loss account
(8,327)
Shareholders' funds
43,271 
For the year ending 31 October 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 director acknowledges her 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 and authorised for issue on 6 May 2025 and were signed on its behalf by
Sophie Olivia Lane Director Company Registration No. 15254099
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SOL Real Estate Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
SOL Real Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 15254099. The registered office is 12 GREENTHORPE MOUNT, LEEDS, LS13 4LN, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Additions
161,204 
Net gain from fair value adjustments
68,796 
At 31 October 2024
230,000 
5
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
1,590 
6
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
125,905 
Accruals
1,044 
126,949 
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SOL Real Estate Ltd Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
164,475 
Aggregate of amounts that fall due for payment after five years
164,475 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
8
Deferred taxation
2024 
£ 
Revaluation of investment property
17,199 
Tax losses carried forward
(2,776)
14,423 
2024 
£ 
Charged to the profit and loss account
14,423 
Provision at end of year
14,423 
9
Average number of employees
During the year the average number of employees was 0.
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