REGISTERED NUMBER: 09764404 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Suffolk Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Burgess

REGISTERED OFFICE:

Eldo House

Kempson Way

Bury St Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

09764404 (England and Wales)

ACCOUNTANTS:

Knights Lowe Chartered Accountants

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Investments

4

500,000

500,000

CURRENT ASSETS

Debtors

5

340

847

Cash at bank

14,104

154,693

14,444

155,540

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

10,019

454,459

NET CURRENT ASSETS/(LIABILITIES)

4,425

(298,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

504,425

201,081

PROVISIONS FOR LIABILITIES

7

45,107

45,107

NET ASSETS

459,318

155,974

CAPITAL AND RESERVES

Called up share capital

8

286,000

1

Fair value reserve

9

142,797

142,797

Retained earnings

30,521

13,176

SHAREHOLDERS' FUNDS

459,318

155,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 21 November 2025 and were signed by:

T Burgess - Director

1.	STATUTORY INFORMATION

Suffolk Properties 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.

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 represents rental property income attributable in the period.

Any rents received in advance are deferred to the future period to which they relate.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 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.

Investment properties

Investment properties are shown at current valuations. The valuations have been conducted by the director at the balance sheet date. He is considered to have sufficient expertise to value these assets and provide a true and fair view. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Impairment

At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Freehold

property

£

COST OR VALUATION

At 1 May 2024

and 30 April 2025

500,000

NET BOOK VALUE

At 30 April 2025

500,000

At 30 April 2024

500,000

Cost or valuation at 30 April 2025 is represented by:

Freehold

Leasehold

property

property

Totals

£

£

£

Valuation in 2024

(50,000

)

-

(50,000

)

Valuation in 2023

65,000

(195,000

)

(130,000

)

Valuation in 2021

(15,000

)

5,000

(10,000

)

Valuation in 2020

35,000

(5,000

)

30,000

Valuation in 2019

-

(30,000

)

(30,000

)

Valuation in 2018

56,691

-

56,691

Valuation in 2017

96,213

16,790

113,003

Cost

312,096

208,210

520,306

500,000

-

500,000

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

312,096

312,096

Fixed asset investments were valued on an open market basis on 22 July 2024 by the directors of the company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

340

847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

560

-

Taxation and social security

7,509

3,557

Other creditors

1,950

450,902

10,019

454,459

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

45,107

45,107

Deferred

tax

£

Balance at 1 May 2024

45,107

Balance at 30 April 2025

45,107

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

286,000

Ordinary

£1

286,000

1

During the year 285,999 ordinary shares of £1 each were issued at par consideration.

9.

RESERVES

Fair

value

reserve

£

At 1 May 2024

and 30 April 2025

142,797

The reserves in respect of investment property revaluations are non distributable.