Success Global Property Investment Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11555421

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		618,321		619,525

			618,321		619,525
CURRENT ASSETS
Debtors	5	1,189		2,301
Cash at bank and in hand		2,899		1,200

		4,088		3,501
Creditors: Amounts Falling Due Within One Year	6	(610,764 )		(653,128 )

NET CURRENT ASSETS (LIABILITIES)			(606,676 )		(649,627 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,645		(30,102 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,221 )		(7,221 )

NET ASSETS/(LIABILITIES)			4,424		(37,323 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Fair value reserve	8		30,783		30,783
Profit and Loss Account			(26,459 )		(68,206 )

SHAREHOLDERS' FUNDS			4,424		(37,323)

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Success Global Property Investment Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Koon Chung Leung

Director

30/09/2025

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

1. General Information

Success Global Property Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11555421 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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 director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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:

Fixtures & Fittings	20% reducing balance basis
Computer Equipment	20% reducing balance basis

2.5. Investment Properties

All Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2023	611,270	14,882	2,023	628,175
Additions	-	516	-	516

As at 30 September 2024	611,270	15,398	2,023	628,691

...CONTINUED

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Success Global Property Investment Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Depreciation
As at 1 October 2023	-	7,470	1,180	8,650
Provided during the period	-	1,551	169	1,720

As at 30 September 2024	-	9,021	1,349	10,370

Net Book Value
As at 30 September 2024	611,270	6,377	674	618,321

As at 1 October 2023	611,270	7,412	843	619,525

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	784	791
Other debtors	405	1,510

	1,189	2,301

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,233	2,785
Other creditors	50,900	52,000
Accruals and deferred income	2,409	999
Director's loan account	553,222	597,344

	610,764	653,128

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Reserves

	Fair Value Reserve
	£
As at 1 October 2023	30,783

As at 30 September 2024	30,783

9. Ultimate Controlling Party

The company's ultimate controlling party is Mr Koon Chung Leung by virtue of his ownership of 100% of the issued share capital in the company.

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