REGISTERED NUMBER: 06508143 (England and Wales)

SR PROPERTIES (SWANSEA) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

705,473

418,467

CURRENT ASSETS

Debtors

5

300

5,173

Cash at bank

1

-

301

5,173

CREDITORS

Amounts falling due within one year

6

98,146

52,187

NET CURRENT LIABILITIES

(97,845

)

(47,014

)

TOTAL ASSETS LESS CURRENT LIABILITIES

607,628

371,453

CREDITORS

Amounts falling due after more than one year

7

(463,796

)

(351,208

)

PROVISIONS FOR LIABILITIES

9

(24,700

)

-

NET ASSETS

119,132

20,245

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

119,032

20,145

SHAREHOLDERS' FUNDS

119,132

20,245

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 December 2025 and were signed on its behalf by:

Miss A L Rogers - Director

1.	STATUTORY INFORMATION

SR Properties (Swansea) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06508143

Registered office:

414 Gower Road

Killay

Swansea

SA2 7AJ

.

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 shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 and deferred taxation assets and liabilities are not discounted.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

418,467

Additions

157,006

Revaluations

130,000

At 31 March 2025

705,473

NET BOOK VALUE

At 31 March 2025

705,473

At 31 March 2024

418,467

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

130,000

Cost

575,473

705,473

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

300

300

Other debtors

-

4,873

300

5,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

300

300

Taxation and social security

-

1,820

Other creditors

97,846

50,067

98,146

52,187

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

197,796

92,208

Other creditors

266,000

259,000

463,796

351,208

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

100,000

-

Director's loan over 5 years

166,000

259,000

266,000

259,000

Repayable by instalments

Bank loans more 5 yr by instal

195,254

88,218

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

197,796

92,208

The bank loan was refinanced during the year and is secured on 3 of the properties that were held at that time.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

24,700

-

Deferred

tax

£

Valuation investment property

24,700

Balance at 31 March 2025

24,700

10.	RELATED PARTY DISCLOSURES

The company charges an open market value rent to a company which is wholly owned by one director for the use of the premises.

At the year end the company owed the directors £243,846 (2024 £309,067] which is shown in creditors payable in under one year of £77,846 (2024 £50,067) and creditors payable in over one year of £166,000 (2024 £259,000)

The company is under the control of the directors who own 100% of the issued share capital.