REGISTERED NUMBER: 06573288 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

SDLS PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P M Hitt

J O Jarvis

REGISTERED OFFICE:

The Stonehouse

Notton Business Park

Notton

Lacock

SN15 2NF

REGISTERED NUMBER:

06573288 (England and Wales)

AUDITORS:

Richardson Swift Audit Ltd

Chartered Accountants

Statutory Auditor

11 Laura Place

Bath

BA2 4BL

FIXED ASSETS

Tangible assets

4

2,221,041

2,212,445

CURRENT ASSETS

Cash at bank

448

-

CREDITORS

Amounts falling due within one year

5

2,600

11,884

NET CURRENT LIABILITIES

(2,152

)

(11,884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,218,889

2,200,561

CREDITORS

Amounts falling due after more than one year

6

(1,237,384

)

(1,216,023

)

PROVISIONS FOR LIABILITIES

7

(859

)

(859

)

NET ASSETS

980,646

983,679

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Revaluation reserve

9

732,674

732,674

Retained earnings

246,972

250,005

SHAREHOLDERS' FUNDS

980,646

983,679

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 2 July 2026 and were signed on its behalf by:

J O Jarvis - Director

1.	STATUTORY INFORMATION

SDLS Property 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.

Critical accounting judgements and key sources of estimation uncertainty

The property value involves judgement, however it reflects the amounts paid in the sale of the company in 2023.There are no other critical accounting judgements or key sources of estimation uncertainty.

Tangible fixed assets

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

Freehold property

-

2% 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2025

2,212,445

Additions

8,596

At 31 March 2026

2,221,041

NET BOOK VALUE

At 31 March 2026

2,221,041

At 31 March 2025

2,212,445

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

321

Taxation and social security

-

330

Other creditors

2,600

11,233

2,600

11,884

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

1,237,384

1,216,023

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

859

859

Deferred

tax

£

Balance at 1 April 2025

859

Balance at 31 March 2026

859

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

500

A Ordinary

1

500

500

500

B Ordinary

1

500

500

1,000

1,000

A and B ordinary shares rank pari passu in respect of voting rights, dividends and distribution on the winding up of the company.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

732,674

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)

for and on behalf of Richardson Swift Audit Ltd

11.	PARENT COMPANY

The parent company is Fleet Service (Great Britain) Limited.