SOLOMON PROPERTY INVESTMENTS LTD

Company Registration Number:
10931127 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

SOLOMON PROPERTY INVESTMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

SOLOMON PROPERTY INVESTMENTS LTD

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,838,024 1,859,694
Total fixed assets: 2,838,024 1,859,694
Current assets
Debtors:   240,849 256,142
Cash at bank and in hand: 18,039 29,092
Total current assets: 258,888 285,234
Creditors: amounts falling due within one year: 4 (239,207) (213,987)
Net current assets (liabilities): 19,681 71,247
Total assets less current liabilities: 2,857,705 1,930,941
Creditors: amounts falling due after more than one year: 5 (1,377,037) (1,431,265)
Provision for liabilities: (237,107)
Total net assets (liabilities): 1,243,561 499,676
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,243,461 499,576
Shareholders funds: 1,243,561 499,676

The notes form part of these financial statements

SOLOMON PROPERTY INVESTMENTS LTD

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 May 2025
and signed on behalf of the board by:

Name: Mr A Richards
Status: Director

The notes form part of these financial statements

SOLOMON PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Investment Properties at Fair Value Plant and equipment 20% reducing balance

SOLOMON PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 4 6

SOLOMON PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 1,920,662
Additions 81,000
Revaluations 908,586
At 31 August 2024 2,910,248
Depreciation
At 01 September 2023 60,968
Charge for year 11,256
At 31 August 2024 72,224
Net book value
At 31 August 2024 2,838,024
At 31 August 2023 1,859,694

SOLOMON PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

Bank loans £173,510 (2023: £175,024) Trade creditors £4,428 (2023: £14,528) Corporation tax £28,500 (2023: £11,766) Other taxation and social security £4,532 (2023: £11,374) Other creditors £28,237 (2023: £1,295)

SOLOMON PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £951,345 (2023: £1,033,371) Other creditors £425,692 (2023: £397,894)

SOLOMON PROPERTY INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Related party transactions

Name of the related party:
Relationship:
Common director
Description of the Transaction: Loan made under a loan agreement on fully commercial terms.
£
Balance at 01 September 2023 237,500
Balance at 31 August 2024 238,500