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REGISTERED NUMBER: 04737383 (England and Wales)

Financial Statements for the Year Ended 30 April 2023

for

Sumerasi Limited

| Sumerasi Limited (Registered number: 04737383) |

Contents of the Financial Statements

for the Year Ended 30 April 2023

| Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |  | to |  | 3

| Notes to the Financial Statements | 4 |  | to |  | 7

| Sumerasi Limited |

Company Information

for the Year Ended 30 April 2023

| DIRECTORS: | Mrs M Arnold

| Mr P R Nicholas

| Mr S Sivaranjan

| REGISTERED OFFICE: | 1 Beauchamp Court

| 10 Victors Way

| Barnet

| Hertfordshire

| EN5 5TZ

| REGISTERED NUMBER: | 04737383 (England and Wales)

| ACCOUNTANTS: | BBK Partnership

| Chartered Accountants

| & Statutory Auditors

| 1 Beauchamp Court

| 10 Victors Way

| Barnet

| Hertfordshire

| EN5 5TZ

| Sumerasi Limited (Registered number: 04737383) |

Statement of Financial Position

30 April 2023

| 30.4.23 |  | 30.4.22

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,070 |  | 1,033,838 |  |

Investment property | 5 | 1,400,000 |  | - |  |

1,403,070 |  | 1,033,838 |  |

CURRENT ASSETS

Cash at bank | 72,612 |  | 57,664 |  |

CREDITORS

Amounts falling due within one year | 6 | (15,727 | ) | (20,646 | ) |

NET CURRENT ASSETS | 56,885 |  | 37,018 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,459,955 |  | 1,070,856 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (272,278 | ) | (280,899 | ) |

PROVISIONS FOR LIABILITIES | 9 | (159,331 | ) | (89,031 | ) |

NET ASSETS | 1,028,346 |  | 700,926 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 4 |  |

Fair value reserve | 11 | 679,252 |  | 379,552 |  |

Retained earnings | 11 | 348,994 |  | 321,370 |  |

SHAREHOLDERS' FUNDS | 1,028,346 |  | 700,926 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

| Sumerasi Limited (Registered number: 04737383) |

Statement of Financial Position - continued

30 April 2023

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2023 and were signed on its behalf by:

Mr P R Nicholas - Director

| Sumerasi Limited (Registered number: 04737383) |

Notes to the Financial Statements

for the Year Ended 30 April 2023

1. | STATUTORY INFORMATION

| Sumerasi 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 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.

| Fixtures and fittings | - | 20% on reducing balance

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

| Sumerasi Limited (Registered number: 04737383) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2023

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 May 2022 | 1,030,000 |  | 20,919 |  | 1,050,919 |  |

| Reclassification/transfer | (1,030,000 | ) | - |  | (1,030,000 | ) |

| At 30 April 2023 | - |  | 20,919 |  | 20,919 |  |

| DEPRECIATION

| At 1 May 2022 | - |  | 17,081 |  | 17,081 |  |

| Charge for year | - |  | 768 |  | 768 |  |

| At 30 April 2023 | - |  | 17,849 |  | 17,849 |  |

| NET BOOK VALUE

| At 30 April 2023 | - |  | 3,070 |  | 3,070 |  |

| At 30 April 2022 | 1,030,000 |  | 3,838 |  | 1,033,838 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Additions | 1,030,000 |  |

| Revaluations | 370,000 |  |

| At 30 April 2023 | 1,400,000 |  |

| NET BOOK VALUE

| At 30 April 2023 | 1,400,000 |  |

| Fair value at 30 April 2023 is represented by:

£ |

| Valuation in 0 | 1,400,000 |  |

| Sumerasi Limited (Registered number: 04737383) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2023

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.4.23 |  | 30.4.22

£ | £ |

| Receipts on account | 5,762 |  | 7,312 |  |

| Trade creditors | - |  | 1 |  |

| Tax | 6,660 |  | 9,332 |  |

| Directors' current accounts | 2,705 |  | 2,801 |  |

| Accrued expenses | 600 |  | 1,200 |  |

15,727 |  | 20,646 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.23 |  | 30.4.22

£ | £ |

| Bank loans (see note 8) | 272,278 |  | 280,899 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

| 30.4.23 |  | 30.4.22

£ | £ |

| Amounts falling due between one and two years:

| Debentures | 2,800 |  | 2,800 |  |

| 265 Haywards loan | 125,947 |  | 132,624 |  |

| 268 haywards loan | 143,531 |  | 145,475 |  |

272,278 |  | 280,899 |  |

9. | PROVISIONS FOR LIABILITIES

| 30.4.23 |  | 30.4.22

£ | £ |

| Deferred tax | 159,331 |  | 89,031 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2022 | 89,031 |  |

| Provided during year | 70,300 |  |

| Balance at 30 April 2023 | 159,331 |  |

| Sumerasi Limited (Registered number: 04737383) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2023

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.23 |  | 30.4.22

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 4 |  |

11. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 May 2022 | 321,370 |  | 379,552 |  | 700,922 |  |

| Profit for the year | 27,624 |  | 27,624 |  |

| Addition | - |  | 299,700 |  | 299,700 |  |

| At 30 April 2023 | 348,994 |  | 679,252 |  | 1,028,246 |  |