REGISTERED NUMBER: 06908562 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Somerset Resin Surfacing Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C Harrington

A C Hoddinott

REGISTERED OFFICE:

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

REGISTERED NUMBER:

06908562 (England and Wales)

ACCOUNTANTS:

Bennett Stock Limited

Suite 1, LIberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Investment property

4

846,000

846,000

CURRENT ASSETS

Debtors

5

643

613

Cash at bank

4,453

7,630

5,096

8,243

CREDITORS

Amounts falling due within one year

6

23,179

28,112

NET CURRENT LIABILITIES

(18,083

)

(19,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

827,917

826,131

CREDITORS

Amounts falling due after more than one year

7

(114,680

)

(129,274

)

PROVISIONS FOR LIABILITIES

(80,696

)

(80,696

)

NET ASSETS

632,541

616,161

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

344,018

344,018

Retained earnings

9

288,423

272,043

SHAREHOLDERS' FUNDS

632,541

616,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

A C Hoddinott - Director

1.	STATUTORY INFORMATION

Somerset Resin Surfacing 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.

Investment property

Investment property is recorded at valuation.No depreciation is provided on freehold property as such assets are not held for consumption, but as investments, and the property is well maintained and externally valued on a regular open market basis.

Any surplus or deficit arising on revaluing investment property is recognised in the fair value reserve. Disposals are recognised on completion. Profits and losses arising are recognised through the profit and loss account; the profit on disposal is determined as the difference between the sales proceeds and the carrying amount of the asset at the commencement of the accounting period plus additions in the period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

846,000

NET BOOK VALUE

At 31 May 2025

846,000

At 31 May 2024

846,000

Property revaluation has been provided by the Directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Prepayments

643

613

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

12,960

12,960

Tax

5,250

6,183

VAT

3,584

3,584

Directors' current accounts

-

4,000

Accruals and deferred income

800

800

Accrued expenses

585

585

23,179

28,112

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 2-5 years

114,680

129,274

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

127,640

142,234

Lloyds TSB Bank plc have had security provided in the form of a debenture and mortgage deed over the assets of the company.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2024

272,043

344,018

616,061

Profit for the year

22,380

22,380

Dividends

(6,000

)

(6,000

)

At 31 May 2025

288,423

344,018

632,441

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES