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REGISTERED NUMBER: 12586945 (England and Wales)















SOX PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025






SOX PROPERTIES LIMITED (REGISTERED NUMBER: 12586945)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOX PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: S A Strong





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 12586945 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SOX PROPERTIES LIMITED (REGISTERED NUMBER: 12586945)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investments 4 197,940 157,464
Investment property 5 690,000 832,000
887,940 989,464

CURRENT ASSETS
Debtors 6 1,000 -
Cash at bank 3,298 1,960
4,298 1,960
CREDITORS
Amounts falling due within one year 7 521,934 472,471
NET CURRENT LIABILITIES (517,636 ) (470,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

370,304

518,953

CREDITORS
Amounts falling due after more than one year 8 (503,882 ) (503,882 )

PROVISIONS FOR LIABILITIES - (6,717 )
NET (LIABILITIES)/ASSETS (133,578 ) 8,354

CAPITAL AND RESERVES
Called up share capital 10 300 300
Revaluation reserve 11 - 28,634
Retained earnings 11 (133,878 ) (20,580 )
SHAREHOLDERS' FUNDS (133,578 ) 8,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOX PROPERTIES LIMITED (REGISTERED NUMBER: 12586945)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:





S A Strong - Director


SOX PROPERTIES LIMITED (REGISTERED NUMBER: 12586945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Sox Properties Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

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.

Although the Companies Act require the systematic annual depreciation of fixed assets, the director believes the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
The Financial Statements have been prepared on a going concern basis, as the director has confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the director is of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

SOX PROPERTIES LIMITED (REGISTERED NUMBER: 12586945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024 157,464
Additions 40,476
At 31 March 2025 197,940
NET BOOK VALUE
At 31 March 2025 197,940
At 31 March 2024 157,464

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 832,000
Impairments (142,000 )
At 31 March 2025 690,000
NET BOOK VALUE
At 31 March 2025 690,000
At 31 March 2024 832,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2024 35,351
Valuation in 2025 (142,000 )
Cost 796,649
690,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 521,934 472,471

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 503,882 503,882

SOX PROPERTIES LIMITED (REGISTERED NUMBER: 12586945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 503,882 503,882

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank Loans 503,882 503,882

The Bank Loans are secured by way of a fixed charge over the individual stocks of properties to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300

All shares rank pari passu in all respects.

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2024 (20,580 ) 28,634 8,054
Deficit for the year (113,298 ) (113,298 )
Revaluation during the year - (28,634 ) (28,634 )
At 31 March 2025 (133,878 ) - (133,878 )

12. RELATED PARTY DISCLOSURES

At the year end, included within Other Creditors, is an amount of £520,234 (2023: £470,551) owed to the director S A Strong.

This amount is unsecured, interest free and payable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is S A Strong.