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Company Registration No. 12114328 (England and Wales)
Simple Property Solutions Limited Unaudited accounts for the year ended 30 September 2024
Simple Property Solutions Limited Unaudited accounts Contents
Page
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Simple Property Solutions Limited Company Information for the year ended 30 September 2024
Directors
Davit Gambo Katia Ghambaryan Anthony Stanley
Company Number
12114328 (England and Wales)
Registered Office
27 COPPERFIELDS LOSTOCK BOLTON BL6 4HZ ENGLAND
Accountants
Craven Professional Solutions 126 Monkswell House Manse Lane Knaresborough North Yorkshire HG5 8NQ
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Simple Property Solutions Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
513,188 
507,938 
Current assets
Debtors
3,063 
2,633 
Cash at bank and in hand
14,389 
14,949 
17,452 
17,582 
Creditors: amounts falling due within one year
(130,618)
(128,190)
Net current liabilities
(113,166)
(110,608)
Total assets less current liabilities
400,022 
397,330 
Creditors: amounts falling due after more than one year
(380,220)
(380,220)
Net assets
19,802 
17,110 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
9,802 
7,110 
Shareholders' funds
19,802 
17,110 
For the year ending 30 September 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 24 July 2025 and were signed on its behalf by
Katia Ghambaryan Director Company Registration No. 12114328
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Simple Property Solutions Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Simple Property Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12114328. The registered office is 27 COPPERFIELDS, LOSTOCK, BOLTON, BL6 4HZ, 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.
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.
4
Investment property
2024 
£ 
Fair value at 1 October 2023
507,938 
Additions
5,250 
At 30 September 2024
513,188 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,063 
2,633 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
3,750 
Taxes and social security
1,780 
1,149 
Loans from directors
125,462 
121,855 
Accruals
3,376 
1,436 
130,618 
128,190 
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Simple Property Solutions Limited Notes to the Accounts for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
380,220 
380,220 
Charges were created on 25 October 2019 in favour of Charter Court Financial Services Limited over certain of the Company's Investment Properties. Further charges were created on 14 January 2022 in favour of Paragon Bank Plc and on 24 May 2022 in favour of UK Mortgage Lending Limited in favour of various investment properties.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £100 each
10,000 
10,000 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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