Southbury Enfield Ltd


Directors	Mandeep Singh Binning
	Antonis Demetri
	Antonis Theori
	Nicholas Theori


Registered Address	2nd Floor 10-12 Bourlet Close
	London
	W1W 7BR


Place of Business	Olive Tree
	472A Larkshall Road
	Higham's Park
	London
	E4 9HH


Registered Number	12420431 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		17,000,000		15,554,071
			17,000,000		15,554,071
Current assets
Debtors	4,5	2,155,362		2,145,942
Cash at bank and on hand		16,100		4,461
		2,171,462		2,150,403
Creditors amounts falling due within one year	6	(3,333,119)		(2,712,154)
Net current assets (liabilities)			(1,161,657)		(561,751)
Total assets less current liabilities			15,838,343		14,992,320
Creditors amounts falling due after one year	7		(9,177,916)		(9,490,000)
Provisions for liabilities	8		(1,664,215)		(1,324,762)
Net assets			4,996,212		4,177,558
Capital and reserves
Called up share capital			100		100
Revaluation reserve			4,992,644		3,974,286
Profit and loss account			3,468		203,172
Shareholders' funds			4,996,212		4,177,558

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2025, and are signed on its behalf by:

Mandeep Singh Binning
Director
Registered Company No. 12420431

Southbury Enfield Ltd

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the net value of the rent received as per rental agreements.

	Current taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Current taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	The valuation of the property has been carried out by the direcors and it reflects the fair market value as at balance sheet date.

	Investment property
	Investment Properties are stated at fair market valuations. Surplus or deficit arising on the revaluation are trasferred to the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 February 24	15,554,071	15,554,071
Revaluations	1,445,929	1,445,929
At 31 January 25	17,000,000	17,000,000
Net book value
At 31 January 25	17,000,000	17,000,000
At 31 January 24	15,554,071	15,554,071


	The valuation of the properties have been carried out by the directors of the company.

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	55,392	74,832
Other debtors	2,009,053	2,011,142
Prepayments and accrued income	59,067	59,968
Total	2,123,512	2,145,942

5.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	31,850	-
Total	31,850	-

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	99,591	158,207
Taxation and social security	173,666	-
Other creditors	3,055,861	2,550,947
Accrued liabilities and deferred income	4,001	3,000
Total	3,333,119	2,712,154


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	9,177,916	9,490,000
Total	9,177,916	9,490,000


	The bank loans are secured against the properties and personal guaranties are given by the directors.

8.	Provisions for liabilities
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	2025	2024
	£	£
Net deferred tax liability (asset)	1,664,215	1,324,762
Total	1,664,215	1,324,762