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REGISTERED NUMBER: 05571048 (England and Wales)















SORELLE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024






SORELLE PROPERTIES LIMITED (REGISTERED NUMBER: 05571048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


SORELLE PROPERTIES LIMITED (REGISTERED NUMBER: 05571048)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 5,153,240 4,750,000
5,153,240 4,750,000

CURRENT ASSETS
Debtors 6 64,988 86,902
Investments 7 729,785 536,926
Cash at bank and in hand 160,054 123,799
954,827 747,627
CREDITORS
Amounts falling due within one year 8 (437,334 ) (326,536 )
NET CURRENT ASSETS 517,493 421,091
TOTAL ASSETS LESS CURRENT LIABILITIES 5,670,733 5,171,091

PROVISIONS FOR LIABILITIES (30,344 ) (9,055 )
NET ASSETS 5,640,389 5,162,036

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 9 768,570 347,466
Retained earnings 9 4,871,816 4,814,567
5,640,389 5,162,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SORELLE PROPERTIES LIMITED (REGISTERED NUMBER: 05571048)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





P A Santomauro - Director


SORELLE PROPERTIES LIMITED (REGISTERED NUMBER: 05571048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Sorelle Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05571048

Registered office: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements
are rounded to the nearest Pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small
Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the
historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Current asset investments
The listed investments are shown at market value with changes in fair value recognised in the income statement.

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.


SORELLE PROPERTIES LIMITED (REGISTERED NUMBER: 05571048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 2,666
DEPRECIATION
At 1 October 2023
and 30 September 2024 2,666
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

SORELLE PROPERTIES LIMITED (REGISTERED NUMBER: 05571048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 4,750,000
Revaluations 403,240
At 30 September 2024 5,153,240
NET BOOK VALUE
At 30 September 2024 5,153,240
At 30 September 2023 4,750,000

At the year end, the open market values of investment properties were considered by the directors and adjusted accordingly. The historic cost of the investment properties was £4,397,923.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,000 60,000
Directors' loan accounts 3,437 25,381
Prepayments 1,551 1,521
64,988 86,902

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 729,785 536,926

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,344 1,144
Corporation tax 77,992 31,189
Other tax and social security 7,428 13,598
Directors' loan accounts 298,905 228,906
Accruals and deferred income 51,665 51,699
437,334 326,536

SORELLE PROPERTIES LIMITED (REGISTERED NUMBER: 05571048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2023 4,814,567 347,466 5,162,033
Profit for the year 658,353 - 658,353
Dividends (180,000 ) - (180,000 )
Valuation - Listed investments (39,153 ) 39,153 -
Valuation - Investment
property (403,240 ) 403,240 -
Deferred taxation 21,289 (21,289 ) -
At 30 September 2024 4,871,816 768,570 5,640,386

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year J A Santomauro withdrew from the company £38,056 (2023: £26,88) and introduced £60,0000 (2023: £20,364). At the year end J A Santomauro owed the company £3,437 (2023: £25,381).