Solent Investments Limited - Period Ending 2018-04-05

Registration number: 00631419

Solent Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2018

Solent Investments Limited

Contents

Statement of Financial Position

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Solent Investments Limited

(Registration number: 00631419)
Statement of Financial Position as at 5 April 2018

	2018 £	2017 £
Fixed assets	109,905	109,905
Current assets	1,623,629	1,716,256
Prepayments and accrued income	8,233	9,415
Creditors: Amounts falling due within one year	(465,006)	(570,728)
Net current assets	1,166,856	1,154,943
Total assets less current liabilities	1,276,761	1,264,848
Accruals and deferred income	(114,234)	(110,597)
	1,162,527	1,154,251
Capital and reserves	1,162,527	1,154,251

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dormy House
43 Kingsbury Street
Marlborough
Wiltshire
SN8 1JE
United Kingdom

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £1,132,500 (2017 - £1,258,993). 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 indebtedness at 5 April 2018 amounted to £632,500 (2017 - £758,993) In addition, the company has given a guarantee in respect of a mortgage advanced to Exepex Estates Limited. The amount guaranteed is £500,000 (2016 - £500,000).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Solent Investments Limited

(Registration number: 00631419)
Statement of Financial Position as at 5 April 2018

For the financial year ending 5 April 2018 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 year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 20 December 2018 and signed on its behalf by:
 

.........................................

M S Gurney
Director

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