REGISTERED NUMBER: 10311289 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SUON DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J L Wilson

Mrs R J Wilson

SECRETARY:

R A Veerman

REGISTERED OFFICE:

Capstone House,

Dunston Way,

Dunston Road

Chesterfield

Derbyshire

S41 9RD

REGISTERED NUMBER:

10311289 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Intangible assets

5

9

-

Tangible assets

6

4,409,187

-

4,409,196

-

CURRENT ASSETS

Stocks

25,184

-

Debtors

7

1,517,444

2,036,225

Cash at bank and in hand

418,541

155

1,961,169

2,036,380

CREDITORS

Amounts falling due within one year

8

4,394,397

40,012

NET CURRENT (LIABILITIES)/ASSETS

(2,433,228

)

1,996,368

TOTAL ASSETS LESS CURRENT LIABILITIES

1,975,968

1,996,368

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

1,975,967

1,996,367

SHAREHOLDERS' FUNDS

1,975,968

1,996,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

J L Wilson - Director

1.	STATUTORY INFORMATION

Suon Developments 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 (£).

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

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company's balance sheet is reporting net current liabilities but as the company's funders have indicated that they will provide ongoing financial support to the company, the director has prepared the accounts on the basis that the company is a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 99 years

Plant and machinery etc

-

33% on cost and 20% on cost

As stated above, the depreciation policy for land and buildings is straight line over 99 years. As the estimated residual value of the hotel land and buildings is considered not to be materially different from its current carrying value, no depreciation has been charged.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company's loans receivable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price, with subsequent measurement being at amortised cost 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

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - NIL ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

9

At 31 March 2025

9

NET BOOK VALUE

At 31 March 2025

9

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

3,585,503

845,196

4,430,699

At 31 March 2025

3,585,503

845,196

4,430,699

DEPRECIATION

Charge for year

-

21,512

21,512

At 31 March 2025

-

21,512

21,512

NET BOOK VALUE

At 31 March 2025

3,585,503

823,684

4,409,187

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

29,698

-

Other debtors

1,487,746

2,036,225

1,517,444

2,036,225

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

86,751

-

Taxation and social security

39,036

38,912

Other creditors

4,268,610

1,100

4,394,397

40,012

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,500

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1