REGISTERED NUMBER: 07134108 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOLEDO PROPERTIES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr R S Jones

Mr J W Jones

REGISTERED OFFICE:

60 High Street

Chobham

Surrey

GU24 8AA

REGISTERED NUMBER:

07134108 (England and Wales)

ACCOUNTANTS:

Ford Bentall LLP

Chartered Certified Accountants

60 High Street

Chobham

Surrey

GU24 8AA

FIXED ASSETS

Tangible assets

4

936

1,473

Investments

5

5

5

Investment property

6

1,550,000

1,600,000

1,550,941

1,601,478

CURRENT ASSETS

Debtors

7

126,644

122,459

Cash at bank

851

9,274

127,495

131,733

CREDITORS

Amounts falling due within one year

8

945,684

959,739

NET CURRENT LIABILITIES

(818,189

)

(828,006

)

TOTAL ASSETS LESS CURRENT LIABILITIES

732,752

773,472

PROVISIONS FOR LIABILITIES

48,688

46,503

NET ASSETS

684,064

726,969

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

370,665

422,850

Retained earnings

313,299

304,019

SHAREHOLDERS' FUNDS

684,064

726,969

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 19 December 2025 and were signed on its behalf by:

Dr R S Jones - Director

Mr J W Jones - Director

1.	STATUTORY INFORMATION

Soledo Properties (UK) 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 the amount derived from the letting of the leasehold properties. 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

-

33% on cost and 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

3,348

DEPRECIATION

At 1 April 2024

1,875

Charge for year

537

At 31 March 2025

2,412

NET BOOK VALUE

At 31 March 2025

936

At 31 March 2024

1,473

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

5

NET BOOK VALUE

At 31 March 2025

5

At 31 March 2024

5

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,600,000

Revaluations

(50,000

)

At 31 March 2025

1,550,000

NET BOOK VALUE

At 31 March 2025

1,550,000

At 31 March 2024

1,600,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2012

49,052

Valuation in 2013

61,229

Valuation in 2014

49,475

Valuation in 2015

157,000

Valuation in 2016

98,000

Valuation in 2017

89,000

Valuation in 2018

(34,000

)

Valuation in 2019

4,597

Valuation in 2020

(5,000

)

Valuation in 2025

(50,000

)

Cost

1,130,647

1,550,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,130,647

1,130,647

The investment properties were valued on an open market basis on 17 April 2025 by Bourne Estate Agents .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

126,644

122,459

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,668

-

Amounts owed to group undertakings

785,624

799,131

Taxation and social security

10,717

38,630

Other creditors

146,675

121,978

945,684

959,739

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

422,850

Gain / (Loss) on fair value

revaluation

(50,000

)

Movement on deferred tax

provision

(2,185

)

At 31 March 2025

370,665

11.	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

£

£

Mr J W Jones

Balance outstanding at start of year

(116,311

)

26,845

Amounts advanced

20,947

41,844

Amounts repaid

(42,447

)

(185,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(137,811

)

(116,311

)

Dr R S Jones

Balance outstanding at start of year

90,526

-

Amounts advanced

2,942

90,526

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

93,468

90,526

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

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY