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REGISTERED NUMBER: 15987666 (England and Wales)















Sulo Estate Limited

Unaudited Financial Statements

for the period

30 September 2024 to 31 March 2025





TC Group
Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY








Sulo Estate Limited (Registered number: 15987666)

Contents of the Financial Statements
for the period 30 September 2024 to 31 March 2025










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


Sulo Estate Limited (Registered number: 15987666)

Balance Sheet
31 March 2025

Notes £   
FIXED ASSETS
Investments 4 100
Investment property 5 646,375
646,475

CURRENT ASSETS
Cash at bank 20,000

CREDITORS
Amounts falling due within one year 6 (18,388 )
NET CURRENT ASSETS 1,612
TOTAL ASSETS LESS CURRENT LIABILITIES 648,087

CREDITORS
Amounts falling due after more than one
year
7
(178,789
)
NET ASSETS 469,298

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 469,198
469,298

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 notes form part of these financial statements

Page 1
Sulo Estate Limited (Registered number: 15987666)

Balance Sheet - continued
31 March 2025


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 Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:





Dr M Sulo - Director


The notes form part of these financial statements

Page 2
Sulo Estate Limited (Registered number: 15987666)

Notes to the Financial Statements
for the period 30 September 2024 to 31 March 2025


1. STATUTORY INFORMATION

Sulo Estate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 15987666

Registered office: Botesdale Dental Practice
The Drift
Botesdale
Diss
Norfolk
IP22 1DH

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.

Preparation of consolidated financial statements
The financial statements contain information about Sulo Estate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is recognised using the cost model. The building is being depreciated on a 2% per annum straight line basis.

Taxation
Taxation for the period 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 balance sheet date.


Page 3
Sulo Estate Limited (Registered number: 15987666)

Notes to the Financial Statements - continued
for the period 30 September 2024 to 31 March 2025


2. ACCOUNTING POLICIES - continued
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 period 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 period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 March 2025 100
NET BOOK VALUE
At 31 March 2025 100

5. INVESTMENT PROPERTY
Total
£   
COST
Additions 649,901
At 31 March 2025 649,901
DEPRECIATION
Charge for period 3,526
At 31 March 2025 3,526
NET BOOK VALUE
At 31 March 2025 646,375

Page 4
Sulo Estate Limited (Registered number: 15987666)

Notes to the Financial Statements - continued
for the period 30 September 2024 to 31 March 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 10,674
Taxation and social security 2,914
Other creditors 4,800
18,388

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 178,789

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 178,789

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 189,463

The bank loan is secured by a first party legal charge over the assets of this company and a legal charge and debenture over the assets of its subsidiary. Plus a guarantee of £96,075 by directors.

Page 5