1 May 2024 false No description of principal activity Taxfiler 2024.6 11770900business:PrivateLimitedCompanyLtd2024-05-012025-04-30 117709002024-04-30 117709002024-05-012025-04-30 11770900business:AuditExemptWithAccountantsReport2024-05-012025-04-30 11770900business:FilletedAccounts2024-05-012025-04-30 117709002025-04-30 11770900business:Director12024-05-012025-04-30 11770900business:RegisteredOffice2024-05-012025-04-30 117709002024-04-30 11770900core:WithinOneYear2025-04-30 11770900core:WithinOneYear2024-04-30 11770900core:AfterOneYear2025-04-30 11770900core:AfterOneYear2024-04-30 11770900core:ShareCapitalcore:PreviouslyStatedAmount2025-04-30 11770900core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 11770900core:RevaluationReservecore:PreviouslyStatedAmount2025-04-30 11770900core:RevaluationReservecore:PreviouslyStatedAmount2024-04-30 11770900core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-04-30 11770900core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 11770900core:PreviouslyStatedAmount2025-04-30 11770900core:PreviouslyStatedAmount2024-04-30 11770900business:SmallEntities2024-05-012025-04-30 11770900countries:EnglandWales2024-05-012025-04-30 117709002023-05-012024-04-30 iso4217:GBP xbrli:pure
Company Registration No. 11770900 (England and Wales)
SOLVEX PROPERTIES LTD Unaudited accounts for the year ended 30 April 2025
SOLVEX PROPERTIES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
SOLVEX PROPERTIES LTD Company Information for the year ended 30 April 2025
Director
Gregory Martis
Company Number
11770900 (England and Wales)
Registered Office
19 Revell Road Kingston KT1 3SL England
Accountants
KMG Accountancy Ltd The Offices 57 Newtown Road Hove BN3 7BA
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SOLVEX PROPERTIES LTD for the year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SOLVEX PROPERTIES LTD for the year ended 30 April 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd Chartered Accountants The Offices 57 Newtown Road Hove BN3 7BA 21 October 2025
- 4 -
SOLVEX PROPERTIES LTD Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
4
450,000 
442,500 
Current assets
Debtors
5
90,000 
20,000 
Cash at bank and in hand
10,794 
7,597 
100,794 
27,597 
Creditors: amounts falling due within one year
6
(71,023)
(313)
Net current assets
29,771 
27,284 
Total assets less current liabilities
479,771 
469,784 
Creditors: amounts falling due after more than one year
7
(437,719)
(437,719)
Net assets
42,052 
32,065 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
37,502 
30,002 
Profit and loss account
4,450 
1,963 
Shareholders' funds
42,052 
32,065 
For the year ending 30 April 2025 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 director acknowledges his 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 and authorised for issue on 21 October 2025 and were signed on its behalf by
Gregory Martis Director Company Registration No. 11770900
- 5 -
SOLVEX PROPERTIES LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
SOLVEX PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11770900. The registered office is 19 Revell Road, Kingston, KT1 3SL, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
2025 
£ 
Fair value at 1 May 2024
442,500 
Net gain from fair value adjustments
7,500 
At 30 April 2025
450,000 
The Director valued the investment property using publicly available data at the balance sheet date.
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
90,000 
20,000 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
583 
311 
Other creditors
70,000 
- 
Loans from directors
440 
2 
71,023 
313 
- 6 -
SOLVEX PROPERTIES LTD Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
437,719 
437,719 
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 7 -