REGISTERED NUMBER: 09777866 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SANTOK HOMES (1) LTD

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J Pau

V Pau

SECRETARY:

V Pau

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

09777866 (England and Wales)

ACCOUNTANTS:

STG Accountants Limited

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Santok Homes (1) Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Santok Homes (1) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Santok Homes (1) Ltd and state those matters that we have agreed to state to the Board of Directors of Santok Homes (1) Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Santok Homes (1) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Santok Homes (1) Ltd. You consider that Santok Homes (1) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Santok Homes (1) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

STG Accountants Limited

505 Pinner Road

Harrow

Middlesex

HA2 6EH

24 September 2025

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

3,429,258

4,839,947

3,429,258

4,839,947

CURRENT ASSETS

Debtors

6

86,892

-

Cash at bank

110,853

3,626

197,745

3,626

CREDITORS

Amounts falling due within one year

7

3,689,486

4,888,557

NET CURRENT LIABILITIES

(3,491,741

)

(4,884,931

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(62,483

)

(44,984

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

(62,583

)

(45,084

)

SHAREHOLDERS' FUNDS

(62,483

)

(44,984

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

V Pau - Director

1.	STATUTORY INFORMATION

Santok Homes (1) 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.

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.

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.

Development cost

Over the period of construction, the costs of construction will be capitalised as part of the cost of the investment property under construction in accordance with the general principle for recognition.

Costs which can be included are:

- direct materials;

- direct labour costs; and

- unavoidable costs that are directly attributable to the construction activity.

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.

Interest payable

Directly attributable interest payable on the development of property is capitalised as part of investment property, during the development phase.

Interest payable is recognised as it accrues using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

1,500

DEPRECIATION

At 1 January 2024

and 31 December 2024

1,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

4,839,947

Additions

80,810

Disposals

(1,491,499

)

At 31 December 2024

3,429,258

NET BOOK VALUE

At 31 December 2024

3,429,258

At 31 December 2023

4,839,947

In the opinion of the directors the fair value of the investment properties as at 31 December 2024 is not significantly different to that stated above.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by connected companies

35,000

-

Prepayments

51,892

-

86,892

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans (see note 8)

2,015,000

2,131,540

Trade creditors

19,945

117,606

Amounts owed to group undertakings

460,141

1,584,141

Amounts owed to connected companies

562,000

425,200

Other creditors

630,000

630,000

Directors' current accounts

-

70

Accrued expenses

2,400

-

3,689,486

4,888,557

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Other loans

2,015,000

2,131,540

9.	SECURED DEBTS

Other loans are secured by a way of legal charge and debenture over the assets of the company and it is fully repayable within 12 months with interest at 5% above the base rate.

10.

RESERVES

Retained

earnings

£

At 1 January 2024

(45,084

)

Deficit for the year

(17,499

)

At 31 December 2024

(62,583

)

11.	RELATED PARTY DISCLOSURES

At the period end, balances with companies in which a director has a beneficial interest comprised amounts due from such companies of £35,000 (2023: £Nil) and amounts due to such companies of £562,000 (2023: £425,200). These balances are unsecured, interest-free and repayable on demand