Sorrel Property Ltd 30/04/2025 iXBRL

Company registration number: 15654313

Sorrel Property Ltd

Trading as Sorrel Property Limited

Unaudited financial statements

30 April 2025

Sorrel Property Ltd

Contents

Directors and other information

Directors report

Accountants report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Sorrel Property Ltd

Directors and other information


	Directors	Mr Umar Jamil
		Miss Anisa Jamil


	Company number	15654313


	Registered office	683 Kingsway
		Manchester
		M19 1RF


	Business address	683 Kingsway
		Manchester
		M19 1RF


	Accountants	Lee & Co
		527 A Wilmslow Road
		Withington
		Manchester
		M20 4BA

Sorrel Property Ltd

Directors report

Year ended 30 April 2025

The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2025.

Directors

The directors who served the company during the year were as follows:

Mr Umar Jamil

Miss Anisa Jamil

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 16 January 2026 and signed on behalf of the board by:

Mr Umar Jamil

Director

Sorrel Property Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Sorrel Property Ltd

Year ended 30 April 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 April 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Lee & Co

527 A Wilmslow Road

Withington

Manchester

M20 4BA

16 January 2026

Sorrel Property Ltd

Statement of comprehensive income

Year ended 30 April 2025

		2025
	Note	£


Turnover		-
Other operating income		6,948
Other operating expenses		( 3,823)
		_______
Operating profit		3,125

		_______
Profit before taxation		3,125

Tax on profit		( 594)
		_______
Profit for the financial year and total comprehensive income		2,531
		_______

All the activities of the company are from continuing operations.

Sorrel Property Ltd

Statement of financial position

30 April 2025

		2025
	Note	£	£

Fixed assets
Tangible assets	4	135,000
		_______
			135,000

Current assets
Cash at bank and in hand		4,427
		_______
		4,427
Creditors: amounts falling due
within one year	5	( 136,896)
		_______
Net current liabilities			( 132,469)
			_______
Total assets less current liabilities			2,531

			_______
Net assets			2,531
			_______

Capital and reserves
Profit and loss account			2,531
			_______
Shareholders funds			2,531
			_______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 16 January 2026 , and are signed on behalf of the board by:

Mr Umar Jamil

Director

Company registration number: 15654313

Sorrel Property Ltd

Statement of changes in equity

Year ended 30 April 2025

	Profit and loss account	Total
	£	£


At 1 May 2024	-	-

Profit for the year	2,531	2,531
	_______	_______
Total comprehensive income for the year	2,531	2,531

	_______	_______
At 30 April 2025	2,531	2,531
	_______	_______

Sorrel Property Ltd

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Engand. The address of the registered office is 683 Kingsway, Manchester, M19 1RF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 May 2024	-	-
Additions	135,000	135,000
	_______	_______
At 30 April 2025	135,000	135,000
	_______	_______
Depreciation
At 1 May 2024 and 30 April 2025	-	-
	_______	_______
Carrying amount
At 30 April 2025	135,000	135,000
	_______	_______

5. Creditors: amounts falling due within one year

			2025
			£
	Corporation tax		594
	Other creditors		136,302
			_______
			136,896
			_______

6. Directors advances, credits and guarantees