REGISTERED NUMBER: 10570082 (England and Wales)

St Matthews Commercial Property Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr H E Hodja

Mr O Hodja

Mr E Osman

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

10570082 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Matthews Commercial Property Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of St Matthews Commercial Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of St Matthews Commercial Property Limited and state those matters that we have agreed to state to the Board of Directors of St Matthews Commercial Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Matthews Commercial Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that St Matthews Commercial Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St Matthews Commercial Property Limited. You consider that St Matthews Commercial Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of St Matthews Commercial Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

29 December 2025

FIXED ASSETS

Property, plant and equipment

3

3,119

4,158

Investment property

4

2,306,437

2,306,437

2,309,556

2,310,595

CURRENT ASSETS

Debtors

5

17,591

16,259

Cash at bank and in hand

28,988

91,638

46,579

107,897

CREDITORS

Amounts falling due within one year

6

793,685

763,685

NET CURRENT LIABILITIES

(747,106

)

(655,788

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,562,450

1,654,807

CREDITORS

Amounts falling due after more than one year

7

(672,128

)

(830,985

)

PROVISIONS FOR LIABILITIES

9

(780

)

(790

)

NET ASSETS

889,542

823,032

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

889,442

822,932

SHAREHOLDERS' FUNDS

889,542

823,032

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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 December 2025 and were signed on its behalf by:

Mr O Hodja - Director

Mr E Osman - Director

Mr H E Hodja - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

Investment properties.

Turnover

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

Turnover is recognised at the end of the period when rent is accrued and it is derived from the ordinary activities of the business.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

5,544

DEPRECIATION

At 1 April 2024

1,386

Charge for year

1,039

At 31 March 2025

2,425

NET BOOK VALUE

At 31 March 2025

3,119

At 31 March 2024

4,158

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,306,437

NET BOOK VALUE

At 31 March 2025

2,306,437

At 31 March 2024

2,306,437

Company directors, as required by FRS 102, undertook to remeasure all investment properties to fair values at reporting date. They have assessed the fair values based on the properties of the similar in nature and in the surrounding areas where these properties are located. Based on the information gathered from justifiable sources, it was concluded that there were no significant movement in the market price to be reported and values to be equal to net book value at balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,591

16,259

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

82,532

75,029

Trade creditors

669,965

636,867

Taxation and social security

29,506

17,087

Other creditors

11,682

34,702

793,685

763,685

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

672,128

830,985

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

503,091

625,144

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

754,660

906,014

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

780

790

Deferred

tax

£

Balance at 1 April 2024

790

Provided during year

(10

)

Balance at 31 March 2025

780

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

822,932

Profit for the year

66,510

At 31 March 2025

889,442

12.	RELATED PARTY DISCLOSURES

Key management personnel of the entity

2025

2024

£

£

Transfers

31.39

Amount due to related party

8,982

32,002

Entities with control, joint control or significant influence over the entity

2025

2024

£

£

Transfers from related parties

42,856

Transfers to related parties

Amount due to related parties

626243

571243