Surridge's Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00748023

Surridge's Properties Limited

Filleted Unaudited Financial Statements

31 March 2025

Surridge's Properties Limited

Financial Statements

Year ended 31st March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Surridge's Properties Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		1,602,476		1,599,029

Current assets

Debtors	7	13,096	12,416
Cash at bank and in hand		300,007	279,183
		---------	---------
		313,103	291,599

Creditors: amounts falling due within one year	8	375,873		423,246
		---------		---------
Net current liabilities			62,770		131,647
			------------		------------
Total assets less current liabilities			1,539,706		1,467,382

Provisions

Taxation including deferred tax	157,424	152,138
	------------	------------
Net assets	1,382,282	1,315,244
	------------	------------

Capital and reserves

Called up share capital	9	10,000	10,000
Share premium account	10	29,244	29,244
Other reserves	10	19,749	19,749
Profit and loss account	10	1,323,289	1,256,251
		------------	------------
Shareholders funds		1,382,282	1,315,244
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Surridge's Properties Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

S S Surridge

Director

Company registration number: 00748023

Surridge's Properties Limited

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Earlsfield Road, Wandsworth, London, SW18 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the value of rents receivable during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	25% straight line
Motor Vehicles	-	20% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	16,755	29,246

Deferred tax:

Origination and reversal of timing differences	5,286	–
	--------	--------
Tax on profit	22,041	29,246
	--------	--------

The rate deferred tax is charged at has increased from 19% the 25% in the year.

6. Tangible assets

	Freehold Investment Property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1st April 2024	1,580,182	10,274	43,250	1,633,706
Additions	–	249	16,913	17,162
Disposals	–	–	( 13,500)	( 13,500)
	------------	--------	--------	------------
At 31st March 2025	1,580,182	10,523	46,663	1,637,368
	------------	--------	--------	------------
Depreciation
At 1st April 2024	–	9,581	25,096	34,677
Charge for the year	–	733	8,707	9,440
Disposals	–	–	( 9,225)	( 9,225)
	------------	--------	--------	------------
At 31st March 2025	–	10,314	24,578	34,892
	------------	--------	--------	------------
Carrying amount
At 31st March 2025	1,580,182	209	22,085	1,602,476
	------------	--------	--------	------------
At 31st March 2024	1,580,182	693	18,154	1,599,029
	------------	--------	--------	------------

At the year end the directors considered the freehold properties to be to be valued at their current market values. The historic cost of the properties is £532,495.

7. Debtors

	2025	2024
	£	£
Prepayments and accrued income	13,096	12,416
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	45,082	45,004
Corporation tax	16,754	29,246
Social security and other taxes	1,289	1,243
Director loan accounts	307,353	344,358
Other creditors	5,395	3,395
	---------	---------
	375,873	423,246
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	3,967	3,967	3,967	3,967
Ordinary B shares of £ 1 each	2,063	2,063	2,063	2,063
Ordinary C shares of £ 1 each	2,063	2,063	2,063	2,063
Ordinary D shares of £ 1 each	1,907	1,907	1,907	1,907
	--------	--------	--------	--------
	10,000	10,000	10,000	10,000
	--------	--------	--------	--------

10. Reserves

Profit and loss account - This reserve includes both distributable and non-distributable reserves as follows:

	2025	2024
	£	£
Distributable	427,740	360,702
Non-distributable	895,549	895,549
	------------	------------
Total	1,323,289	1,256,251
	------------	------------

11. Related party transactions

At the year end the company owed the directors £307,353 (2024: £344,358) in the form of a loan account. This loan, which is shown amongst creditors, is interest free and repayable on demand. The company charged a Trust in which the directors are trustees £3,120 (2024: £3,120) in respect of management services provided during the year.