REGISTERED NUMBER: 03923745 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Surrey Overland Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Sutton

SECRETARY:

Mrs D E Sutton

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

03923745 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

BANKERS:

National Westminster Bank plc

Weybridge Branch

1 High Street

Weybridge

Surrey

KT13 8UA

FIXED ASSETS

Tangible assets

5

4,693

6,363

Investment property

6

520,000

445,000

524,693

451,363

CURRENT ASSETS

Debtors

7

36,401

24,039

Cash at bank

2,096

14,987

38,497

39,026

CREDITORS

Amounts falling due within one year

8

208,323

215,019

NET CURRENT LIABILITIES

(169,826

)

(175,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

354,867

275,370

CREDITORS

Amounts falling due after more than one year

9

(2,254

)

(12,101

)

PROVISIONS FOR LIABILITIES

(44,414

)

(31,915

)

NET ASSETS

308,199

231,354

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

266,882

204,632

Retained earnings

11

41,217

26,622

SHAREHOLDERS' FUNDS

308,199

231,354

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 October 2025 and were signed by:

Mr P J Sutton - Director

1.	STATUTORY INFORMATION

Surrey Overland Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

25% on cost and 20% on cost

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

201,226

DEPRECIATION

At 1 April 2024

194,863

Charge for year

1,670

At 31 March 2025

196,533

NET BOOK VALUE

At 31 March 2025

4,693

At 31 March 2024

6,363

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

445,000

Revaluations

75,000

At 31 March 2025

520,000

NET BOOK VALUE

At 31 March 2025

520,000

At 31 March 2024

445,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

50,700

Valuation in 2020

80,000

Valuation in 2022

10,000

Valuation in 2023

70,000

Valuation in 2024

25,000

Valuation in 2025

75,000

Cost

209,300

520,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

18,410

5,980

Other debtors

17,991

18,059

36,401

24,039

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,897

9,897

Hire purchase contracts

950

3,408

Trade creditors

14,040

17,809

Taxation and social security

3,398

6,305

Other creditors

180,038

177,600

208,323

215,019

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,254

11,709

Hire purchase contracts

-

392

2,254

12,101

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

26,622

204,632

231,254

Profit for the year

76,845

76,845

Transfer of realised profit

(62,250

)

62,250

-

At 31 March 2025

41,217

266,882

308,099

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr P Sutton, provided financing loans to the company. At the balance sheet date the company owed the director £175,668 (2024 - £173,410). The loan is interest free and repayable on demand.