IRIS Accounts Production v25.1.4.42 06573288 Board of Directors 1.4.24 31.3.25 31.3.25 10.7.25 false true false false true false Auditors Opinion Fair value model A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065732882024-03-31065732882025-03-31065732882024-04-012025-03-31065732882023-04-30065732882023-05-012024-03-31065732882024-03-3106573288ns15:EnglandWales2024-04-012025-03-3106573288ns14:PoundSterling2024-04-012025-03-3106573288ns10:Director12024-04-012025-03-3106573288ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3106573288ns10:SmallEntities2024-04-012025-03-3106573288ns10:Audited2024-04-012025-03-3106573288ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3106573288ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3106573288ns10:FullAccounts2024-04-012025-03-3106573288ns10:OrdinaryShareClass12024-04-012025-03-3106573288ns10:OrdinaryShareClass22024-04-012025-03-3106573288ns10:Director22024-04-012025-03-3106573288ns10:RegisteredOffice2024-04-012025-03-3106573288ns5:CurrentFinancialInstruments2025-03-3106573288ns5:CurrentFinancialInstruments2024-03-3106573288ns5:Non-currentFinancialInstruments2025-03-3106573288ns5:Non-currentFinancialInstruments2024-03-3106573288ns5:ShareCapital2025-03-3106573288ns5:ShareCapital2024-03-3106573288ns5:RevaluationReserve2025-03-3106573288ns5:RevaluationReserve2024-03-3106573288ns5:RetainedEarningsAccumulatedLosses2025-03-310657328812024-04-012025-03-3106573288ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-04-012025-03-3106573288ns5:PlantMachinery2024-04-012025-03-3106573288ns5:LandBuildings2024-03-3106573288ns5:PlantMachinery2024-03-3106573288ns5:LandBuildings2024-04-012025-03-3106573288ns5:LandBuildings2025-03-3106573288ns5:PlantMachinery2025-03-3106573288ns5:LandBuildings2024-03-3106573288ns5:PlantMachinery2024-03-3106573288ns5:DeferredTaxation2024-03-3106573288ns5:DeferredTaxation2025-03-3106573288ns10:OrdinaryShareClass12025-03-3106573288ns10:OrdinaryShareClass22025-03-31
REGISTERED NUMBER: 06573288 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

SDLS PROPERTY LIMITED

SDLS PROPERTY LIMITED (REGISTERED NUMBER: 06573288)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SDLS PROPERTY LIMITED

Company Information
for the year ended 31 March 2025







DIRECTORS: P M Hitt
J O Jarvis





REGISTERED OFFICE: The Stonehouse
Notton Business Park
Notton
Lacock
SN15 2NF





REGISTERED NUMBER: 06573288 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

SDLS PROPERTY LIMITED (REGISTERED NUMBER: 06573288)

Balance Sheet
31 March 2025

2025 2024
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,212,445 -
Investment property 5 - 1,994,358
2,212,445 1,994,358

CURRENT ASSETS
Cash at bank - 43,073

CREDITORS
Amounts falling due within one year 6 11,884 1,038,377
NET CURRENT LIABILITIES (11,884 ) (995,304 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,200,561

999,054

CREDITORS
Amounts falling due after more than one
year

7

(1,216,023

)

-

PROVISIONS FOR LIABILITIES 8 (859 ) (1,048 )
NET ASSETS 983,679 998,006

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 732,674 -
Retained earnings 250,005 997,006
SHAREHOLDERS' FUNDS 983,679 998,006

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 9 July 2025 and were signed on its behalf by:





J O Jarvis - Director


SDLS PROPERTY LIMITED (REGISTERED NUMBER: 06573288)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

SDLS Property 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.

Critical accounting judgements and key sources of estimation uncertainty
The property value involves judgement, however it reflects the amounts paid in the sale of the company in 2023.There are no other critical accounting judgements or key sources of estimation uncertainty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Office Equipment - 33.3% 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 profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


SDLS PROPERTY LIMITED (REGISTERED NUMBER: 06573288)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

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 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Office
property Equipment Totals
£    £    £   
COST
At 1 April 2024 - 56,799 56,799
Additions 2,212,445 - 2,212,445
Disposals - (56,799 ) (56,799 )
At 31 March 2025 2,212,445 - 2,212,445
DEPRECIATION
At 1 April 2024 - 56,799 56,799
Eliminated on disposal - (56,799 ) (56,799 )
At 31 March 2025 - - -
NET BOOK VALUE
At 31 March 2025 2,212,445 - 2,212,445
At 31 March 2024 - - -

The freehold property has been transferred from investment property as it is now used within the group. The value of the property has been adjusted to reflect the amount paid on acquisition of the company.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 1,994,358
Transfer to ownership (1,994,358 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 1,994,358

The property has been transferred to Freehold Property as it is used within the group.

SDLS PROPERTY LIMITED (REGISTERED NUMBER: 06573288)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Bank loans and overdrafts 321 -
Amounts owed to group undertakings - 1,031,942
Taxation and social security 331 6,435
Other creditors 11,232 -
11,884 1,038,377

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
as restated
£    £   
Amounts owed to group undertakings 1,216,023 -

8. PROVISIONS FOR LIABILITIES
2025 2024
as restated
£    £   
Deferred tax 859 1,048

Deferred
tax
£   
Balance at 1 April 2024 1,048
Movement (189 )
Balance at 31 March 2025 859

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: as
restated
£    £   
500 A Ordinary 1 500 500
500 B Ordinary 1 500 500
1,000 1,000

A and B ordinary shares rank pari passu in respect of voting rights, dividends and distribution on the winding up of the company.

SDLS PROPERTY LIMITED (REGISTERED NUMBER: 06573288)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

10. RESERVES

On reclassification of the property from Investment to Freehold the revalued amounts have been transferred from the profit and loss reserve to the revaluation reserve.

The revaluation reserve has been reduced by the impairment amount, meaning this impairment does not reduce the profit and loss reserve.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)
for and on behalf of Richardson Swift Audit Ltd

12. PARENT COMPANY

The parent company is Fleet Service (Great Britain) Limited.