REGISTERED NUMBER: 16048201 (England and Wales)

Unaudited Financial Statements

for the Period 29th October 2024 to 31st October 2025

for

Soulstar Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N J Boulton

Mrs J L Boulton

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

16048201 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

2,361

Investment property

5

1,090,000

1,092,361

CURRENT ASSETS

Debtors

6

148,610

Cash at bank

6,431

155,041

CREDITORS

Amounts falling due within one year

7

527,994

NET CURRENT LIABILITIES

(372,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

719,408

CREDITORS

Amounts falling due after more than one year

8

783,903

NET LIABILITIES

(64,495

)

CAPITAL AND RESERVES

Called up share capital

10

202

Fair value reserve

11

(3,035

)

Retained earnings

11

(61,662

)

(64,495

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 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 21st July 2026 and were signed on its behalf by:

Mr N J Boulton - Director

1.	STATUTORY INFORMATION

Soulstar Property Ltd 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.

The financial statements are presented in £ sterling, which is the company's functional and presentation currency

Turnover

Turnover represents rental income receivable from investment properties and is recognised on a straight-line basis over the term of the lease.

All turnover is derived from customers based in the United Kingdom.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 period 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 period 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Cash & cash equivalents

Cash and cash equivalents consist solely of the balance held in the company's bank current account. Cash is defined as cash on hand and demand deposits, while cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company does not hold any short term investments and does not operate an overdraft facility.

Critical judgements & estimation uncertainty

In applying the Company’s accounting policies, the directors are required to make judgements and estimates that affect the reported amounts of assets and liabilities. Estimates are based on historical experience and other relevant factors, and actual results may differ. Estimates are reviewed regularly and updated as necessary.

The following is considered a key source of estimation uncertainty that may result in a material adjustment within the next financial year:

Valuation of investment property - Investment property is measured at fair value, with changes recognised in profit or loss. The valuation reflects market conditions and may involve the use of external valuers and assumptions regarding yields and rental income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

1,080

1,467

2,547

At 31st October 2025

1,080

1,467

2,547

DEPRECIATION

Charge for period

126

60

186

At 31st October 2025

126

60

186

NET BOOK VALUE

At 31st October 2025

954

1,407

2,361

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,093,035

Revaluations

(3,035

)

At 31st October 2025

1,090,000

NET BOOK VALUE

At 31st October 2025

1,090,000

Fair value at 31st October 2025 is represented by:

£

Valuation in 2025

(3,035

)

Cost

1,093,035

1,090,000

If investment property had not been revalued it would have been included at the following historical cost:

£

Cost

1,093,035

investment property was valued on an open market basis on 31st October 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

147,673

Prepayments

937

148,610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

523,197

Accruals and deferred income

1,200

Accrued expenses

3,597

527,994

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yrs non-inst

783,903

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

783,903

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Mortgages

746,549

The Company has mortgages secured by legal charges over its investment properties.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal value

Aggregate value

100

Ordinary A

£1

£100

100

Ordinary B

£1

£100

1

Ordinary C

£1

£1

1

Ordinary D

£1

£1

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

Deficit for the period

(64,697

)

(64,697

)

Assets revalued in period

3,035

(3,035

)

-

At 31st October 2025

(61,662

)

(3,035

)

(64,697

)

12.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company owed £523,197 to the directors. The balance is unsecured, interest-free and repayable on demand.

14.	LEASES POLICY

The company had no operating lease commitments at the balance sheet date.

15.	EVENTS AFTER BALANCE SHEET DATE

There have been no events after the balance sheet date affecting the Company since the financial period.

16.	FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Trade debtors, other debtors, cash and bank balances are initially measured at transaction price. They are subsequently measured at amortised cost, using the effective interest method, except where amounts fall due within one year, in which case they remain at the transaction price as discounting is not required for short term balances.

Where payment terms extend beyond normal business terms, or the arrangement includes a financing element, the financial asset is measured at the present value of future cash flows, discounted at a market rate of interest.

Trade creditors, loans and accruals are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction, in which case liabilities are measured at the present value of future payments discounted at a market rate of interest.

Financial assets measured at cost or amortised cost are assessed for impairment at the reporting date. Any impairment loss is recognised in the profit and loss account. Reversals of impairment are recognised immediately when the estimated recoverable amount increases, provided the revised carrying value does not exceed the original carrying amount had no impairment occurred.

Financial assets and financial liabilities are only offset when the company has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis or to realise the asset and settle the liability simultaneously.