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Company Registration No. 11488568 (England and Wales)
SRYLE PROPERTIES LTD Unaudited accounts for the year ended 31 July 2024
SRYLE PROPERTIES LTD Unaudited accounts Contents
Page
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SRYLE PROPERTIES LTD Company Information for the year ended 31 July 2024
Directors
Kyle Moscrop Sruthi Tomy
Company Number
11488568 (England and Wales)
Registered Office
3 FONTHILL APARTMENTS 1B JEFFREYS ROAD LONDON SW4 6QU ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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SRYLE PROPERTIES LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,546 
3,093 
Investment property
381,651 
381,651 
383,197 
384,744 
Current assets
Debtors
661 
3,457 
Cash at bank and in hand
19,299 
6,918 
19,960 
10,375 
Creditors: amounts falling due within one year
(116,562)
(164,785)
Net current liabilities
(96,602)
(154,410)
Total assets less current liabilities
286,595 
230,334 
Creditors: amounts falling due after more than one year
(345,084)
(294,035)
Net liabilities
(58,489)
(63,701)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(58,491)
(63,703)
Shareholders' funds
(58,489)
(63,701)
For the year ending 31 July 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 20 May 2025 and were signed on its behalf by
Kyle Moscrop Director Company Registration No. 11488568
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SRYLE PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
SRYLE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11488568. The registered office is 3 FONTHILL APARTMENTS, 1B JEFFREYS ROAD, LONDON, SW4 6QU, 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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% straight line
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.
Going concern
Despite the Company having net liabilities as at 31.07.2022, the Company has the continued support of the Directors and is continuing as a Going Concern.
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SRYLE PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2023
15,229 
At 31 July 2024
15,229 
Depreciation
At 1 August 2023
12,136 
Charge for the year
1,547 
At 31 July 2024
13,683 
Net book value
At 31 July 2024
1,546 
At 31 July 2023
3,093 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
381,651 
At 31 July 2024
381,651 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
661 
3,457 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
116,203 
164,366 
Accruals
359 
419 
116,562 
164,785 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,190 
40,411 
Other creditors
309,894 
253,624 
345,084 
294,035 
Security is given for loans included within other creditors due after one year. Landbay Partners Ltd, contains fixed charge over 2 Sandringham Road. Landbay Partners Ltd, contains negative pledge, 98 Church Lane. Charter Court Financial Services Ltd, contains floating charge and negative pledge, 28 Focus Building. Paragon Bank Plc, contains floating charge and negative pledge, 90 The Reach.
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SRYLE PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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