REGISTERED NUMBER: 06498027 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Structural Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs D K Kang

S S Kang

SECRETARY:

Mrs D K Kang

REGISTERED OFFICE:

2 Castings Road

Sir Francis Ley Industrial Park South

Derby

DE23 8YL

REGISTERED NUMBER:

06498027 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investments

4

31,816

31,816

Investment property

5

450,000

450,000

481,816

481,816

CURRENT ASSETS

Debtors

6

350,831

21,759

Cash at bank and in hand

223,403

212,913

574,234

234,672

CREDITORS

Amounts falling due within one year

7

11,814

11,439

NET CURRENT ASSETS

562,420

223,233

TOTAL ASSETS LESS CURRENT LIABILITIES

1,044,236

705,049

CAPITAL AND RESERVES

Called up share capital

20

20

Fair value reserve

8

69,541

69,541

Retained earnings

8

974,675

635,488

SHAREHOLDERS' FUNDS

1,044,236

705,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

Mrs D K Kang - Director

1.	STATUTORY INFORMATION

Structural Properties Limited 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.

Turnover

Turnover represents rental income receivable, excluding valued added tax. Rental income is accounted for in the year in which the property is rented.

Investment property

Investment property is not depreciated but is revalued annually at its fair value in accordance with Section 1A "Small Entities' of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair value reserve.

Fixed asset investments

Fixed asset investments are stated at cost less any permanent diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

31,816

NET BOOK VALUE

At 31 January 2025

31,816

At 31 January 2024

31,816

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

450,000

NET BOOK VALUE

At 31 January 2025

450,000

At 31 January 2024

450,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2025

450,000

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

2025

2024

£

£

Cost

380,459

380,459

Aggregate depreciation

(129,370

)

(121,760

)

Investment property was valued on a fair value basis on 31 October 2023 by BB&J Commercial .

The director's consider this to be the fair value at 31 January 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by related party

1,020

1,020

Owed by group undertaking

300,000

-

Directors' current accounts

49,811

20,739

350,831

21,759

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

8,596

8,349

Social security and other taxes

1,500

1,486

Amounts owed to group

undertaking

-

57

Accrued expenses

1,718

1,547

11,814

11,439

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 February 2024

635,488

69,541

705,029

Profit for the year

481,187

481,187

Dividends

(142,000

)

(142,000

)

At 31 January 2025

974,675

69,541

1,044,216

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors maintain loan accounts with the company. At the balance sheet date, the amount owing from the directors is shown in the debtors note. Interest is charged on the advance, which is repayable upon demand.