Solent Investments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00631419 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOLENT INVESTMENTS LIMITED

Page

Balance Sheet

1

FIXED ASSETS

109,905

109,905

CURRENT ASSETS

1,200,451

1,227,513

CREDITORS

Amounts falling due within one year

(949,506

)

(984,667

)

NET CURRENT ASSETS

250,945

242,846

TOTAL ASSETS LESS CURRENT LIABILITIES

360,850

352,751

ACCRUALS AND DEFERRED INCOME

83,906

83,577

NET ASSETS

276,944

269,174

CAPITAL AND RESERVES

276,944

269,174

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Solent Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00631419

Registered office:

Dormy House

43 Kingsbury Street

Marlborough

Wiltshire

SN8 1JE

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 8 (2022 - 8 ) .

3.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES

The total amount of guarantees not included on the balance sheet is £2,822,375 (2022: £2,872,242). The company has given an unlimited guarantee in respect of bank loan and overdraft facilities made available to its wholly owned subsidiary, Exepex Estates Limited. The bank indebtedness at 31 March 2023 amounted to £333,000 (2022: £372,242. In addition the company has given a guarantee in respect of mortgages advanced to Exepex Estates Limited. The amount guaranteed is £2,489,375 (2022: £2,500,000).

4.	PARENT COMPANY

The company is the parent of a small group with all companies registered in England and Wales. The group is exempt from preparing consolidated accounts.

The parent company of the company is Solent Investments Holdings Limited, a company registered in England and Wales. This company also does not prepare consolidated accounts as it is exempt due to being a small group.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:

Mrs M S Gurney - Director