| Squire Court Properties Limited |
| Registered number: |
08714062 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
80,841 |
|
|
80,841 |
|
| Current assets |
| Debtors |
4 |
|
325 |
|
|
383 |
| Cash at bank and in hand |
|
|
23,631 |
|
|
10,823 |
|
|
|
23,956 |
|
|
11,206 |
|
| Creditors: amounts falling due within one year |
5 |
|
(11,188) |
|
|
(11,585) |
|
| Net current assets/(liabilities) |
|
|
|
12,768 |
|
|
(379) |
|
| Net assets |
|
|
|
93,609 |
|
|
80,462 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
19 |
|
|
19 |
| Share premium |
|
|
|
56,962 |
|
|
56,962 |
| Profit and loss account |
|
|
|
36,628 |
|
|
23,481 |
|
| Shareholders' funds |
|
|
|
93,609 |
|
|
80,462 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr Gareth Edwards |
| Director |
| Approved by the board on 2 December 2025 |
|
| Squire Court Properties Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Revenue recognition |
|
Rental income from investment property is recognised on a straight line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income, over the term of the lease. |
|
|
Investment property |
|
Investment property is property held either to earn rental income or for capital appreciation or both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Investment property is initially measured at cost and subsequently at fair value with any change recognised in the profit and loss account. Deferred tax is provided on gains arising on revaluations at the rate expected to apply when the property is sold. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 April 2024 |
80,841 |
|
|
At 31 March 2025 |
80,841 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 April 2024 |
80,841 |
|
At 31 March 2025 |
80,841 |
|
|
|
|
|
|
|
|
|
|
The company holds a long lease on several commercial properties that are leased to third parties. Each of the leases contains an initial non-cancellable period with periodic rent reviews. Subsequent renewals are negotiated with the lessee.
The directors consider that the original cost of the lease reflects its current fair value. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
325 |
|
383 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
4,400 |
|
5,014 |
|
Other creditors |
6,788 |
|
6,571 |
|
|
|
|
|
|
11,188 |
|
11,585 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Squire Court Properties Limited (the company) is an associate company of Squire Court Management Company Limited which holds 21% of the company's issued share capital. Squire Court Management Company Limited owns the freehold of the company's leasehold property and during the period the company paid Squire Court Management Company Limited for ground rent and other services totalling £2,147 (2024 - £2,266). |
|
|
| 7 |
Controlling party |
|
|
The ultimate controlling parties are any combination of the company’s shareholders who together would form a voting majority. |
|
|
| 8 |
Other information |
|
|
Squire Court Properties Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
19 Alexandra Road |
|
Gorseinon |
|
Swansea |
|
SA4 4NW |