| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| SUON LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| SUON LIMITED |
| SUON LIMITED (REGISTERED NUMBER: 01512619) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SUON LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 35 Wilkinson Street |
| Sheffield |
| South Yorkshire |
| S10 2GB |
| SUON LIMITED (REGISTERED NUMBER: 01512619) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| SUON LIMITED (REGISTERED NUMBER: 01512619) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SUON LIMITED (REGISTERED NUMBER: 01512619) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Suon Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| These financial statements cover the entity as an individual company. |
| The figures in the financial statements are rounded to the nearest £. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover represents sales made, services rendered and rents received during the year, excluding value added tax. The sales of land are recorded as income with reference to the date when the contract for sale becomes unconditional. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Tangible fixed assets also include the freehold property the company owns and occupies, from where its trade is conducted. The directors have the property revalued at regular intervals by a RICS qualified member of staff, with uplifts from the previous carrying value being shown in a revaluation reserve, whilst impairments are charged through the profit and loss account. As the property is maintained to a high standard, the directors consider that any depreciation charges between revaluations will be immaterial. |
| The company also rents out certain surplus office space in its property. As it continues to hold substantially all the risks and rewards incidental to ownership of this surplus office space, it has classified any leases between itself as landlord and its tenants as operating leases. |
| The income from such leases is recognised in profit and loss on a straight line basis over the term of the lease and is shown under 'Turnover'. |
| Investment properties |
| Investment properties are those properties owned by the company that are held either to earn rental income or for capital appreciation or both. Investment properties are measured initially at cost, including related transaction costs . After initial recognition at cost, investment properties are carried at their fair value based on market valued determined by a RICS qualified member of staff. |
| Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| SUON LIMITED (REGISTERED NUMBER: 01512619) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company is party to both loans receivable and loans payable ( 'Debt Instruments' ). As these debt instruments meet the definition of a basic financial instrument, they are originally recognised at the transaction price, with subsequent measurement being at amortised costs using the effective interest method. |
| 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. |
| Pension costs and other post-retirement benefits |
| During the year, the company operated defined contribution pension schemes and the pension charge represents the amounts payable by the company to the funds in respect of the year. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| SUON LIMITED (REGISTERED NUMBER: 01512619) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 March 2025 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2025 | 850,000 | - | 850,000 |
| Cost | - | 46,265 | 46,265 |
| 850,000 | 46,265 | 896,265 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| The above relates to plots of land which have been acquired and improved during the 23 previous years. |
| The directors, having considered current market conditions, have concluded that the fair value of the land is £2,600,000. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Investment loan |
| The above consists of a loan to another company which bears interest at Bank of England base rate plus 3% and is repayable on demand. The latest date the interest is payable, is on repayment of the loan capital. |
| SUON LIMITED (REGISTERED NUMBER: 01512619) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| The company is primarily financed by loans from a director and from a company under common control. Both the director and the company under common control have indicated that they will not seek repayment of these loans if such a request would prejudice the working capital requirements of the company. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| and 31 March 2025 |
| 12. | RELATED PARTY DISCLOSURES |
| J L Wilson is also a shareholder and director of certain undertakings and monies have been loaned both to Suon Limited and by Suon Limited on an interest free basis. The total loan capital outstanding at the year end is shown below. |
| 2025 | 2024 |
| £ | £ |
| Owed by Suon Limited | 252,016 | 252,016 |
| Owed to Suon Limited | 174,006 | 174,006 |
| Impairment provision - loan not considered recoverable | -174,006 | -174,006 |