REGISTERED NUMBER: 01944069 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOLEDO PROPERTIES LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Dr R S Jones

Mr J W Jones

REGISTERED OFFICE:

60 High Street

Chobham

Surrey

GU24 8AA

REGISTERED NUMBER:

01944069 (England and Wales)

ACCOUNTANTS:

Ford Bentall LLP

Chartered Certified Accountants

60 High Street

Chobham

Surrey

GU24 8AA

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of letting residential property.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Dr R S Jones

Mr J W Jones

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr J W Jones - Director

20 June 2025

FIXED ASSETS

Tangible assets

4

956

1,294

Investments

5

9,829

9,829

Investment property

6

971,800

971,800

982,585

982,923

CURRENT ASSETS

Debtors

7

1,578,312

1,575,611

Cash at bank

-

4,651

1,578,312

1,580,262

CREDITORS

Amounts falling due within one year

8

534,199

555,993

NET CURRENT ASSETS

1,044,113

1,024,269

TOTAL ASSETS LESS CURRENT LIABILITIES

2,026,698

2,007,192

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

2,025,698

2,006,192

SHAREHOLDERS' FUNDS

2,026,698

2,007,192

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 20 June 2025 and were signed on its behalf by:

Dr R S Jones - Director

Mr J W Jones - Director

1.	STATUTORY INFORMATION

Soledo 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 income received from the letting of residential property. Income is recognised as it becomes due in accordance with the tenant agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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 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 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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

1,349

DEPRECIATION

At 1 April 2024

55

Charge for year

338

At 31 March 2025

393

NET BOOK VALUE

At 31 March 2025

956

At 31 March 2024

1,294

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 April 2024

and 31 March 2025

9,829

NET BOOK VALUE

At 31 March 2025

9,829

At 31 March 2024

9,829

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

971,800

NET BOOK VALUE

At 31 March 2025

971,800

At 31 March 2024

971,800

The directors consider that the fair value of the investment property has not differed significantly from its cost when purchased in December 2023 and the above value represents a reasonable estimate of its fair value at the balance sheet date.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

785,624

799,131

Other debtors

792,688

776,480

1,578,312

1,575,611

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

916

-

Trade creditors

-

3,507

Taxation and social security

9,290

38,716

Other creditors

523,993

513,770

534,199

555,993

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Dr R S Jones and Dr B J Jones

Balance outstanding at start of year

568,488

490,355

Amounts advanced

28,938

138,133

Amounts repaid

-

(60,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

597,426

568,488

Mr J W Jones

Balance outstanding at start of year

(492,489

)

278,688

Amounts advanced

4,589

342,637

Amounts repaid

(31,663

)

(1,113,814

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(519,563

)

(492,489

)

Interest has been charged on these loans at a rate above HM Revenue & Customs' beneficial loan rate.

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY