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REGISTERED NUMBER: 09234924 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SOLENT CAPITAL PARTNERS LTD

SOLENT CAPITAL PARTNERS LTD (REGISTERED NUMBER: 09234924)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOLENT CAPITAL PARTNERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S D Hemsley
B Mistry





SECRETARY: B Mistry





REGISTERED OFFICE: Unit 201, Second Floor
Metroline House
118-122 College Road
Harrow
Middlesex
HA1 1BQ





REGISTERED NUMBER: 09234924 (England and Wales)





ACCOUNTANTS: EV Accountants Limited
Chartered Accountants
Unit 201, Second Floor
Metroline House
118-122 College Road
Harrow
Middlesex
HA1 1BQ

SOLENT CAPITAL PARTNERS LTD (REGISTERED NUMBER: 09234924)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144,810 112,439
Investments 5 41,809 41,708
186,619 154,147

CURRENT ASSETS
Debtors 6 1,552,912 1,699,342
Cash at bank 52,409 2,827
1,605,321 1,702,169
CREDITORS
Amounts falling due within one year 7 875,854 273,122
NET CURRENT ASSETS 729,467 1,429,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,086

1,583,194

CREDITORS
Amounts falling due after more than one
year

8

918,609

1,593,609
NET LIABILITIES (2,523 ) (10,415 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 38,275 38,275
Retained earnings 10 (40,898 ) (48,790 )
SHAREHOLDERS' FUNDS (2,523 ) (10,415 )

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.

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 29 August 2025 and were signed on its behalf by:



B Mistry - Director


SOLENT CAPITAL PARTNERS LTD (REGISTERED NUMBER: 09234924)

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

1. STATUTORY INFORMATION

Solent Capital Partners Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for property development sold , exclusive of Value Added Tax.

Revenue from the sale of property developed is recognised when the significant risks and rewards of ownership have been transferred to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 50 years
Plant and machinery - Straight line over 4 years
Fixtures and fittings - Straight line over 4 years
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

SOLENT CAPITAL PARTNERS LTD (REGISTERED NUMBER: 09234924)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at a amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The accounts have been prepared on a going concern basis as the company has the support of
its directors and shareholders to meet its liabilities as they fall due.

SOLENT CAPITAL PARTNERS LTD (REGISTERED NUMBER: 09234924)

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

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in the fair value reserve.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 133,160 1,356 1,666
Additions - 28,376 -
Disposals - - -
At 30 September 2024 133,160 29,732 1,666
DEPRECIATION
At 1 October 2023 21,971 1,356 416
Charge for year 2,664 591 417
Eliminated on disposal - - -
At 30 September 2024 24,635 1,947 833
NET BOOK VALUE
At 30 September 2024 108,525 27,785 833
At 30 September 2023 111,189 - 1,250

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 3,215 2,782 142,179
Additions 8,000 - 36,376
Disposals (3,215 ) - (3,215 )
At 30 September 2024 8,000 2,782 175,340
DEPRECIATION
At 1 October 2023 3,215 2,782 29,740
Charge for year 333 - 4,005
Eliminated on disposal (3,215 ) - (3,215 )
At 30 September 2024 333 2,782 30,530
NET BOOK VALUE
At 30 September 2024 7,667 - 144,810
At 30 September 2023 - - 112,439

SOLENT CAPITAL PARTNERS LTD (REGISTERED NUMBER: 09234924)

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

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 100 41,609 41,709
Additions 100 - 100
At 30 September 2024 200 41,609 41,809
NET BOOK VALUE
At 30 September 2024 200 41,609 41,809
At 30 September 2023 100 41,609 41,709

Cost or valuation at 30 September 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Cost 200 41,609 41,809

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 120,000
Other debtors 1,552,912 1,579,342
1,552,912 1,699,342

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,785 800
Amounts owed to group undertakings 100 100
Other creditors 852,969 272,222
875,854 273,122

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 918,609 1,593,609

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 "A" Ordinary Shares £1 50 50
50 "B" Ordinary Shares £1 50 50
100 100

SOLENT CAPITAL PARTNERS LTD (REGISTERED NUMBER: 09234924)

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

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

At 1 October 2023 (48,790 ) 38,275 (10,515 )
Profit for the year 7,892 - 7,892
At 30 September 2024 (40,898 ) 38,275 (2,623 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors due within one year includes a loan provided by the former director, S G Hemsley, of £852,969 (2023 - £272,222). This amount is interest free and has no fixed repayment terms.

Included within other creditors due after more than one year is a balance owed to the former director, S G Hemsley, of £918,609 (2023 - £1,593,609). This amount is interest free and has no fixed repayment terms.