S. T. Suterwalla & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD

These financial statements were authorised for issue by the Board on 25 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises rental income from investment properties.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	15% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

S. T. Suterwalla & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2024 £	2023 £
Current taxation
UK corporation tax	1,744	2,862
UK corporation tax adjustment to prior periods	(242)	(35)
	1,502	2,827

S. T. Suterwalla & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	5,510	5,510
At 31 December 2024	5,510	5,510
Depreciation
At 1 January 2024	2,179	2,179
Charge for the year	935	935
At 31 December 2024	3,114	3,114
Carrying amount
At 31 December 2024	2,396	2,396
At 31 December 2023	3,331	3,331

6	Investment properties

	2024 £
At 1 January	365,000
Fair value adjustments	(5,000)
At 31 December	360,000

There has been no valuation of investment property by an independent valuer.

The cost of the investment property and refurbishment was £489,948.

7

Debtors

Current	2024 £	2023 £
Prepayments	3,315	2,614
Other debtors	525	525
	3,840	3,139

S. T. Suterwalla & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Corporation tax	1,744	4,405
Accruals and deferred income	4,200	6,068
Rent Deposit	1,150	1,150
Director current account	719	-
	7,813	11,623

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Other financial liabilities	350,722	350,722

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

10	Related party transactions

Summary of transactions with all entities with common control or significant interest

All the directors and shareholders of this company are also directors of Conville Limited, a UK registered company.

Loans from related parties

2024	Entities with common control or significant influence £	Total £
At start of period	350,722	350,722
At end of period	350,722	350,722

S. T. Suterwalla & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2023	Entities with common control or significant influence £	Total £
At start of period	350,722	350,722
At end of period	350,722	350,722