S2A Properties Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11913710 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

S2A PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Divyesh Patel

REGISTERED OFFICE:

Suite 211, Albert Wing

The Argent Centre

60 Frederick Street

Birmingham

West Midlands

B1 3HS

REGISTERED NUMBER:

11913710 (England and Wales)

FIXED ASSETS

Tangible assets

4

579,609

295,180

CURRENT ASSETS

Debtors

5

3,463

2,104

Cash at bank

4,036

9,812

7,499

11,916

CREDITORS

Amounts falling due within one year

6

111,500

109,162

NET CURRENT LIABILITIES

(104,001

)

(97,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

475,608

197,934

CREDITORS

Amounts falling due after more than one year

7

(378,303

)

(134,606

)

PROVISIONS FOR LIABILITIES

8

(5,700

)

-

NET ASSETS

91,605

63,328

CAPITAL AND RESERVES

Called up share capital

100

1

Revaluation reserve

9

30,000

30,000

Other reserves

24,300

-

Retained earnings

37,205

33,327

91,605

63,328

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 director acknowledges his 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 director and authorised for issue on 21 March 2024 and were signed by:

Mr Divyesh Patel - Director

1.	STATUTORY INFORMATION

S2A Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2022

295,180

Additions

254,429

Revaluations

30,000

At 31 March 2023

579,609

NET BOOK VALUE

At 31 March 2023

579,609

At 31 March 2022

295,180

Cost or valuation at 31 March 2023 is represented by:

Freehold

property

£

Valuation in 2023

30,000

Cost

549,609

579,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

3,463

2,104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

331

-

Tax

910

3,114

Directors' current accounts

109,686

105,475

Accrued expenses

573

573

111,500

109,162

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans - 2-5 years

378,303

134,606

8.	PROVISIONS FOR LIABILITIES

31.3.23

31.3.22

£

£

Deferred tax

5,700

-

Deferred

tax

£

Provided during year

5,700

Balance at 31 March 2023

5,700

9.

RESERVES

Revaluation

reserve

£

At 1 April 2022

and 31 March 2023

30,000