REGISTERED NUMBER: 13098409 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Settle Down Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V Tubaut

Mr O Tubaut

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

REGISTERED NUMBER:

13098409 (England and Wales)

FIXED ASSETS

Investment property

5

625,000

620,000

CURRENT ASSETS

Debtors

6

58

50

Cash at bank

14,650

6,572

14,708

6,622

CREDITORS

Amounts falling due within one year

7

239,281

241,857

NET CURRENT LIABILITIES

(224,573

)

(235,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

400,427

384,765

CREDITORS

Amounts falling due after more than one year

8

(294,384

)

(294,384

)

PROVISIONS FOR LIABILITIES

(14,010

)

(13,060

)

NET ASSETS

92,033

77,321

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings - non distributable

59,729

55,679

Retained earnings

32,204

21,542

92,033

77,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 12 September 2025 and were signed on its behalf by:

Mrs V Tubaut - Director

Mr O Tubaut - Director

1.	STATUTORY INFORMATION

Settle Down 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

620,000

Additions

5,000

At 31 December 2024

625,000

NET BOOK VALUE

At 31 December 2024

625,000

At 31 December 2023

620,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

551,261

Valuation in 2022

63,739

Valuation in 2023

5,000

Valuation in 2024

5,000

625,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

551,261

551,261

The investment property was valued on an open market basis on 31 December 2024 by the directors of the company .

The directors have revised the valuation of the investment properties included in the financial statements to an estimated market value as at the date of the report in order to provide a true and fair view.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

58

50

Included within other debtors disclosed above is a balance of £58 (2023 - £50) in relation to prepayments.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

2,604

2,819

Other creditors

236,677

239,038

239,281

241,857

Included within other creditors disclosed above is a balance of £125 (2023 - £98) in relation to accruals and a balance of £236,552 (2023 - £238,940) in relation to the directors loan account.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

294,384

294,384

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

294,384

294,384