Sdo Holdings Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—6

1. General Information

Sdo Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11178983 . The registered office is Unit 7, Vulcan House, Restmor Way, Wallington, SM6 7AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

SDO Holdings Limited, and group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the group is not ineligible for audit exemption as set out in section 384 of the Act.

2.2. Going Concern Disclosure

At the time of approving the financial statements, the director has a reasonable expectation that the company, through the support of it's creditors, will be able to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods

2.4. Turnover

Turnover represents amounts receivable for land consultancy services net of VAT.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer Equipment

33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.6. Leasing and Hire Purchase Contracts

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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Sdo Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assetsclassified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.8. Foreign Currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2.9. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with

in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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Sdo Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.10. Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

2.11. Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is

recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	2,318
Additions	1,409

As at 31 March 2025	3,727

Depreciation
As at 1 April 2024	1,912
Provided during the period	672

As at 31 March 2025	2,584

Net Book Value
As at 31 March 2025	1,143

As at 1 April 2024	406

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Sdo Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	2,580

As at 31 March 2025	2,580

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	2,580

As at 1 April 2024	2,580

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	361,463	474,778
Other debtors	946,226	794,951

	1,307,689	1,269,729
Due after more than one year
Other debtors	235,426	235,426

	1,543,115	1,505,155

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	6,618
Other creditors	1,124,724	1,425,582
Taxation and social security	250,787	166,460

	1,375,511	1,598,660

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Stuart Oldroyd	709,539	281,985	-	-	991,524

The above loan is unsecured, interest free and repayable on demand.

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Sdo Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

The company has taken advantage of the exemption available in accordance with FRS 102, section 33 'Related party disclosures' not to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

At the year end a balance of £29,364 (2024: £17,714) was owed from Gunning Road Thurrock Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £12,561 (2024: £12,561l) was owed from Wood Lane Cippenham Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £193,656 (2024: £260,457) was owed to Staines Commons Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £132,376 (2024: £124,726) was owed from Clarence Country Homes Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £368,138 (2024: £358,638) was owed from CCH Witney Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £66,231 (2024: £43,119) was due to 3242 Investments Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £202,899 (2024: £367,750) was owed to The Incidental Land Company Limited, a company in which S Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £87,723 (2024: £122,974) was owed to Bilton Land Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end a balance of £50,600 (2024: £25,650) was owed from Crosby Land & Estates Limited, a company in which S D Oldroyd is director and shareholder. No interest was charged on this amount.

At the year end the company was owed £991,524 (2024: £709,539) by the director, S D Oldroyd.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,143		406
Investments	5		2,580		2,580

			3,723		2,986
CURRENT ASSETS
Debtors	6	1,543,115		1,505,155
Cash at bank and in hand		1,040		1,612

		1,544,155		1,506,767
Creditors: Amounts Falling Due Within One Year	7	(1,375,511 )		(1,598,660 )

NET CURRENT ASSETS (LIABILITIES)			168,644		(91,893 )

TOTAL ASSETS LESS CURRENT LIABILITIES			172,367		(88,907 )

NET ASSETS/(LIABILITIES)			172,367		(88,907 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			172,366		(88,908 )

SHAREHOLDERS' FUNDS			172,367		(88,907)