REGISTERED NUMBER: 12580883 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

SZK ESTATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Dr S Khamkar

Ms Z Kaleem

Registered office:

71 Brook Crescent

Chingford

London

E4 9ES

Registered number:

12580883 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

9,602

11,315

Investment property

5

670,000

745,000

679,602

756,315

Current assets

Debtors

6

24,989

25,092

Cash at bank

2,292

3,916

27,281

29,008

Creditors

Amounts falling due within one year

7

269,469

264,748

Net current liabilities

(242,188

)

(235,740

)

Total assets less current liabilities

437,414

520,575

Creditors

Amounts falling due after more than one year

8

(473,797

)

(473,797

)

Provisions for liabilities

(315

)

(14,565

)

Net (liabilities)/assets

(36,698

)

32,213

Capital and reserves

Called up share capital

9

100

100

Other reserves

1,343

62,093

Retained earnings

(38,141

)

(29,980

)

Shareholders' funds

(36,698

)

32,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Dr S Khamkar - Director

1.	Statutory information

SZK Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 recognised on a straight line basis over the term of the lease agreement.

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.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 June 2024

16,481

Additions

635

At 31 May 2025

17,116

Depreciation

At 1 June 2024

5,166

Charge for year

2,348

At 31 May 2025

7,514

Net book value

At 31 May 2025

9,602

At 31 May 2024

11,315

5.	Investment property

Total

£

Fair value

At 1 June 2024

745,000

Revaluations

(75,000

)

At 31 May 2025

670,000

Net book value

At 31 May 2025

670,000

At 31 May 2024

745,000

At the balance sheet date fixed charges were held over the investment properties. The charges include a negative pledge.

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

24,706

24,839

Prepayments and accrued income

283

253

24,989

25,092

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Other creditors

255,984

251,263

Directors' loan accounts

12,485

12,485

Accruals and deferred income

1,000

1,000

269,469

264,748

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans more 5 yr by instal

473,797

473,797

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

473,797

473,797

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100