Sugar Lump Properties Ltd


Directors	Mr A W Johnstone
	Mr J H Johnstone
	Mr M A Johnstone
	Mrs S E Johnstone
	Mr W S Johnstone


Registered Address	Great Blaenawe Farm
	Bettws
	Abergavenny
	NP7 7LG


Registered Number	08721951 (England and Wales)

Balance Sheet as at
5 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,378,055		1,346,615
Investments	4		80,086		80,086
			1,458,141		1,426,701
Current assets
Debtors	5	427,163		690,256
Cash at bank and on hand		179,987		29,153
		607,150		719,409
Creditors amounts falling due within one year	6	(38,414)		(122,035)
Net current assets (liabilities)			568,736		597,374
Total assets less current liabilities			2,026,877		2,024,075
Net assets			2,026,877		2,024,075
Capital and reserves
Called up share capital			2		2
Profit and loss account			2,026,875		2,024,073
Shareholders' funds			2,026,877		2,024,075

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 December 2025, and are signed on its behalf by:

Mr A W Johnstone
Director
Registered Company No. 08721951

Sugar Lump Properties Ltd

Notes to the Financial Statements
for the year ended 5 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with the Companies Act 2006 and FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Current taxation
	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land and Buildings - Land - not depreciated, Buildings - 1% on cost. Buildings are not depreciated past the residual value


		Straight line (years)
	Fixtures and fittings	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. Where investment property cannot be valued without undue cost or effort the properties are included in property, plant and equipment.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Where investment property cannot be valued without undue cost or effort the properties are included in property, plant and equipment.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 06 April 24	1,344,860	2,340	1,347,200
Additions	-	32,026	32,026
At 05 April 25	1,344,860	34,366	1,379,226
Depreciation and impairment
At 06 April 24	-	585	585
Charge for year	-	586	586
At 05 April 25	-	1,171	1,171
Net book value
At 05 April 25	1,344,860	33,195	1,378,055
At 05 April 24	1,344,860	1,755	1,346,615

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 06 April 24	80,086	80,086
At 05 April 25	80,086	80,086
Net book value
At 05 April 25	80,086	80,086
At 05 April 24	80,086	80,086

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	383,011	685,000
Prepayments and accrued income	44,152	5,256
Total	427,163	690,256

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	55	1,140
Taxation and social security	-	3,477
Other creditors	30,500	114,410
Accrued liabilities and deferred income	7,859	3,008
Total	38,414	122,035