Sumoda Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14527875

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		918,029		824,539

			918,029		824,539
CURRENT ASSETS
Debtors	5	3,049		623
Cash at bank and in hand		2,138		19,726

		5,187		20,349
Creditors: Amounts Falling Due Within One Year	6	(664,517 )		(566,818 )

NET CURRENT ASSETS (LIABILITIES)			(659,330 )		(546,469 )

TOTAL ASSETS LESS CURRENT LIABILITIES			258,699		278,070

Creditors: Amounts Falling Due After More Than One Year	7		(264,576 )		(284,232 )

NET LIABILITIES			(5,877 )		(6,162 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(5,977 )		(6,262 )

SHAREHOLDERS' FUNDS			(5,877)		(6,162)

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Sumoda Properties Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Summers

Director

21/08/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Sumoda Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14527875 . The registered office is Windrush House, Pill Lane North Pill, Saltash, Cornwall, PL12 6LJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. This assumption depends on the continued support from the director of the company.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify the fixed assets as current assets.

The directors believe that it is appropriate for the financial statements to be prepared on going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	823,729	1,080	824,809
Additions	93,692	-	93,692

As at 31 March 2025	917,421	1,080	918,501

...CONTINUED

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Sumoda Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-	270	270
Provided during the period	-	202	202

As at 31 March 2025	-	472	472

Net Book Value
As at 31 March 2025	917,421	608	918,029

As at 1 April 2024	823,729	810	824,539

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	3,049	623

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	-	1,010
Other creditors	664,517	560,900
Taxation and social security	-	4,908

	664,517	566,818

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	264,576	284,232

8. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Borrowings

As at the balance sheet date, the company had the following borrowings that are subject to negative pledge provisions:

Loan 1

Lender: National Westminster Bank Plc

Date of Agreement: 31 January 2024

Amount Borrowed: £160,000

Covenant Terms: The loan agreement includes a negative pledge clause, which prohibits the company from creating or allowing to exist any security interest, lien, or charge over its assets without the prior consent of the lender.

Loan 2

Lender: West One Secured Loans Limited

...CONTINUED

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Sumoda Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Date of Agreement: 5 April 2023

Amount Borrowed: £138,375

Covenant Terms: This loan is also subject to a negative pledge, preventing the company from granting or maintaining any security interest, lien, or charge over its assets without the lender’s prior approval.

The company was in full compliance with these negative pledge covenants as at the balance sheet date. No security interests, liens, or charges existed over the company’s assets that would constitute a breach of these terms.

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