Socks and Sandals Estates Limited

Registered Number: 16460690 Socks and Sandals Estates Limited
Balance Sheet
As at 31 May 2026

	Notes	2026 £
Fixed assets
Tangible fixed assets	3	453,623
		453,623
Current assets
Debtors	4	307
Cash at bank and in hand		2,821
		3,128
Creditors: amount falling due within one year	5	(227,689)
Net current assets		(224,561)

Total assets less current liabilities		229,062
Net assets		229,062

Capital and reserves
Called up share capital	6	2
Profit and loss account		229,060
Shareholders' funds		229,062

For the period ended 31 May 2026 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 accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 09 September 2026 and were signed on its behalf by:

-------------------------------
Rev'd C E Philbrick
Director

Socks and Sandals Estates Limited
Notes to the Financial Statements
For the Period 20 May 2025 to 31 May 2026

General Information

Socks and Sandals Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 16460690, registration address 20 Addiscombe Road, Weston-Super-Mare, BS23 4LT.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).

Turnover

Property rental income is measured at the fair value of the consideration received or receivable, net of discounts and any value added taxes, and is recognised on a straight line basis over the rental term.

Inheritance of properties

Where an investment property is inherited by the company by way of a will or deed of variation, the property is initially recorded at the fair value of the asset on the date of transfer.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are recognised initially at cost and subsequently are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss within the period in which they arise.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees Average number of employees during the period was 0.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 20 May 2025	-	-
Additions	453,623	453,623
Disposals	-	-
At 31 May 2026	453,623	453,623
Depreciation
At 20 May 2025	-	-
Charge for period	-	-
On disposals	-	-
At 31 May 2026	-	-
Net book values
Closing balance as at 31 May 2026	453,623	453,623
Opening balance as at 20 May 2025	-	-

Investment properties were valued on an open market basis by the directors and they have considered that no further revaluation is necessary on 31 May 2026.

Debtors: amounts falling due within one year

	2026 £
Other debtors	307
	307

Creditors: amount falling due within one year

	2026 £
Trade creditors	1,350
Taxation and social security costs	234
Other creditors	226,105
	227,689

Share Capital

Allotted, called up and fully paid	2026 £
1 Ordinary A share of £1.00 each	1
1 Ordinary B share of £1.00 each	1
	2

7.	Exceptional Item

Exceptional item

Exceptional costs of £211,000 relates to loan debt taken on by way of inheritance during the period.

Related party transactions

During the period, a director provided funds to the company of £211,000 in relation to an inherited property. The loan is repayable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.

Registered Number: 16460690
England and Wales
Unaudited Filleted Accounts

for the period ended 31 May 2026
for
SOCKS AND SANDALS ESTATES LIMITED