REGISTERED NUMBER: 11734723 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Solos Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Ogah

REGISTERED OFFICE:

5 Norseman Close

Liverpool

Merseyside

L12 5LS

REGISTERED NUMBER:

11734723 (England and Wales)

ACCOUNTANTS:

Corbett & Co Accountants Ltd

Chartered Certified Accountants

555 Smithdown Road

Liverpool

Merseyside

L15 5AF

FIXED ASSETS

Property, plant and equipment

4

581,563

468,813

CURRENT ASSETS

Cash at bank

601

466

CREDITORS

Amounts falling due within one year

5

972

31,651

NET CURRENT LIABILITIES

(371

)

(31,185

)

TOTAL ASSETS LESS CURRENT LIABILITIES

581,192

437,628

CREDITORS

Amounts falling due after more than one year

6

548,451

401,646

NET ASSETS

32,741

35,982

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

32,740

35,981

32,741

35,982

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 director acknowledges his 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 director and authorised for issue on 7 September 2025 and were signed by:

Mrs E E Ogah - Director

1.	STATUTORY INFORMATION

Solos Properties 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

467,707

1,383

469,090

Additions

112,971

-

112,971

At 31 December 2024

580,678

1,383

582,061

DEPRECIATION

At 1 January 2024

-

277

277

Charge for year

-

221

221

At 31 December 2024

-

498

498

NET BOOK VALUE

At 31 December 2024

580,678

885

581,563

At 31 December 2023

467,707

1,106

468,813

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

-

7,351

Other creditors

972

24,300

972

31,651

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

548,451

401,646

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

540,818

389,977

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Ogah.