Sophlin Property Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13900287

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		231
Investment Properties	5		268,414		268,414

			268,414		268,645
CURRENT ASSETS
Debtors	6	3,246		2,638
Cash at bank and in hand		1,094		1,770

		4,340		4,408
Creditors: Amounts Falling Due Within One Year	7	(1,959 )		(1,425 )

NET CURRENT ASSETS (LIABILITIES)			2,381		2,983

TOTAL ASSETS LESS CURRENT LIABILITIES			270,795		271,628

Creditors: Amounts Falling Due After More Than One Year	8		(270,050 )		(272,000 )

NET ASSETS/(LIABILITIES)			745		(372 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			645		(472 )

SHAREHOLDERS' FUNDS			745		(372)

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Sophlin Property Management Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Simon Mackle

Director

04/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sophlin Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13900287 . The registered office is 2 Britannia Drive, Rudheath, Northwich, CW9 7XW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 Years Straight Line
Computer Equipment	3 Years Straight Line

2.4. Investment Properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate, determined every three years by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Sophlin Property Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	415	350	765

As at 31 March 2025	415	350	765

Depreciation
As at 1 April 2024	301	233	534
Provided during the period	114	117	231

As at 31 March 2025	415	350	765

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	114	117	231

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	268,414

Investment Property has been valued by the Directors based on an assessment of similar properties in similar locations.

There has been no valuation of investment property by an independent valuer.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,872	-
Other debtors	374	2,638

	3,246	2,638

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	6
Other creditors	1,683	1,419
Taxation and social security	276	-

	1,959	1,425

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Sophlin Property Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	194,600	194,600
Other loans	75,450	77,400

	270,050	272,000

Bank Loans:

Interest Only Mortgage 1 is denominated in GBP with a nominal interest rate of 3.09% and the final instalment is due on 1 June 2047. The carrying amount at the year end is £105,000 (2024: £105,000).

Secured against investment property on Gresty Road, Warrington.

Interest Only Mortgage 2 is denominated in GBP with a nominal interest rate of 4.85% and the final instalment is due on 16 November 2047. The carrying amount at the year end is £89,600 (2024: £89,600).

Secured against investment property on Lord Street, Warrington.

Other Loans:

Sophlin Ltd Loan 1 is denominated in GBP with a nominal interest rate of 0% and the final instalment is due on 30 June 2027. The carrying amount at the year end is £3,576 (2024: £5,526).

Sophlin Ltd Loan 2 is denominated in GBP with a nominal interest rate of 0% and the final instalment is due on 10 November 2027. The carrying amount at the year end is £3,160 (2024: £3,160).

Sophlin Ltd Loan 3 is denominated in GBP with a nominal interest rate of 0% and the final instalment is due on 30 June 2032. The carrying amount at the year end is £42,469 (2024: £42,469).

Sophlin Ltd Loan 4 is denominated in GBP with a nominal interest rate of 0% and the final instalment is due on 10 November 2032. The carrying amount at the year end is £26,245 (2024: £26,245).

Creditors Falling Due After Five Years include the following amounts:

Bank Loans:

Nottingham Building Society: £105,000 due by 1 June 2047 (interest 3.09%)

Paragon Bank: £89,600 due by 16 November 2047 (interest 4.85%)

Other creditors:

Sophlin Ltd loan 3: £42,469 due by 26 June 2032 (interest 0%)

Sophlin Ltd loan 4: £26,245 due by 10 November 2032 (interest 0%)

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Sophlin Ltd, a company controlled by the Directors, provided unsecured loans of £75,450 (2024: £77,400) to the Company for 5 or 10 years at 0% interest

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