SRD Partners Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15465525

SRD Partners Limited

Filleted Unaudited Financial Statements

5 April 2025

SRD Partners Limited

Financial Statements

Period from 4 February 2024 to 5 April 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

SRD Partners Limited

Statement of Financial Position

5 April 2025

	5 Apr 25
Note	£

Fixed assets

Tangible assets	4	752,843
Investments	5	1,457,863
		------------
		2,210,706

Current assets

Investments	6	1,043,059
Cash at bank and in hand		6,635
		------------
		1,049,694

Creditors: amounts falling due within one year	7	3,203,390
		------------
Net current liabilities		2,153,696
		------------
Total assets less current liabilities		57,010
		--------
Net assets		57,010
		--------

Capital and reserves

Called up share capital	10
Profit and loss account	57,000
	--------
Shareholders funds	57,010
	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SRD Partners Limited

Statement of Financial Position (continued)

5 April 2025

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Mr S R Davis

Director

Company registration number: 15465525

SRD Partners Limited

Notes to the Financial Statements

Period from 4 February 2024 to 5 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 Bafford Lane, Charlton Kings, Cheltenham, Gloucestershire, GL53 8DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	20% straight line

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 profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	Motor vehicles	Property	Total
	£	£	£
Cost
At 4 February 2024	–	–	–
Additions	100,580	660,645	761,225
	---------	---------	---------
At 5 April 2025	100,580	660,645	761,225
	---------	---------	---------
Depreciation
At 4 February 2024	–	–	–
Charge for the period	8,382	–	8,382
	---------	---------	---------
At 5 April 2025	8,382	–	8,382
	---------	---------	---------
Carrying amount
At 5 April 2025	92,198	660,645	752,843
	---------	---------	---------

5. Investments

	Other investments other than loans
	£
Cost
At 4 February 2024	–
Additions	4,884,423
Disposals	( 3,352,789)
Revaluations	( 73,771)
	------------
At 5 April 2025	1,457,863
	------------
Impairment
At 4 February 2024 and 5 April 2025	–
	------------

Carrying amount
At 5 April 2025	1,457,863
	------------

6. Investments

	5 Apr 25
	£
LGT Investment	543,059
Coutts	500,000
	------------
	1,043,059
	------------

7. Creditors: amounts falling due within one year

	5 Apr 25
	£
Corporation tax	13,314
Other creditors	3,190,076
	------------
	3,203,390
	------------