Soledo Properties (UK) Limited - Accounts to registrar (filleted) - small 18.2

Soledo Properties (UK) Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07134108 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

SOLEDO PROPERTIES (UK) LIMITED

SOLEDO PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07134108)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLEDO PROPERTIES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: Dr R S Jones
Dr B J Jones





SECRETARY: Dr B J 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

SOLEDO PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07134108)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,272 329
Investments 4 5 5
Investment property 5 1,605,000 1,590,000
1,606,277 1,590,334

CURRENT ASSETS
Debtors 6 2,364 2,249
Cash at bank 31,610 16,764
33,974 19,013
CREDITORS
Amounts falling due within one year 7 455,003 457,351
NET CURRENT LIABILITIES (421,029 ) (438,338 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,185,248

1,151,996

CREDITORS
Amounts falling due after more than one
year

8

(529,373

)

(529,361

)

PROVISIONS FOR LIABILITIES (47,509 ) (49,090 )
NET ASSETS 608,366 573,545

SOLEDO PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07134108)

BALANCE SHEET - continued
31 MARCH 2019

2019 2018
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 426,844 420,666
Retained earnings 181,422 152,779
SHAREHOLDERS' FUNDS 608,366 573,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 31 October 2019 and were signed on its behalf by:




Dr R S Jones - Director



Dr B J Jones - Director


SOLEDO PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07134108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


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

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.

SOLEDO PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07134108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2018 2,637
Additions 1,908
At 31 March 2019 4,545
DEPRECIATION
At 1 April 2018 2,308
Charge for year 965
At 31 March 2019 3,273
NET BOOK VALUE
At 31 March 2019 1,272
At 31 March 2018 329

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2018
and 31 March 2019 5
NET BOOK VALUE
At 31 March 2019 5
At 31 March 2018 5

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018 1,590,000
Additions 10,403
Revaluations 4,597
At 31 March 2019 1,605,000
NET BOOK VALUE
At 31 March 2019 1,605,000
At 31 March 2018 1,590,000

SOLEDO PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07134108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2019 is represented by:

£   
Valuation in 2011 25,000
Valuation in 2012 24,052
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
Cost 1,130,647
1,605,000

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

2019 2018
£    £   
Cost 1,120,244 1,120,244

The investment properties were valued on an open market basis on 6 March 2018 by Bourne Estate Agents .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 2,364 2,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Amounts owed to group undertakings 340,788 342,788
Taxation and social security 8,335 8,855
Other creditors 105,880 105,708
455,003 457,351

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Other creditors 529,373 529,361

SOLEDO PROPERTIES (UK) LIMITED (REGISTERED NUMBER: 07134108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2018 420,666
Gain / (Loss) on fair value
revaluation 4,597
Movement on deferred tax
provision 1,581

At 31 March 2019 426,844

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Soledo Holdings Limited, a company registered in England and Wales, holding
100% of the ordinary issued share capital in Soledo Properties (UK) Limited. Soledo Holdings Limited is
controlled by Dr R S and Dr B J Jones who are also directors of Soledo Properties (UK) Limited.