REGISTERED NUMBER: 00743545 (England and Wales)

S. Djevdet & Son 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:

Mrs V Djevdet

Mrs I S Hassan

Mrs F A Vahdettin

SECRETARY:

Mrs I S Hassan

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

00743545 (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 S. Djevdet & Son Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Statement of Financial Position 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 S. Djevdet & Son 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 S. Djevdet & Son Limited and state those matters that we have agreed to state to the Board of Directors of S. Djevdet & Son 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 S. Djevdet & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S. Djevdet & Son 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 S. Djevdet & Son Limited. You consider that S. Djevdet & Son 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 S. Djevdet & Son 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

30 December 2025

FIXED ASSETS

Property, plant and equipment

4

7,244

9,670

Investment property

5

6,056,200

5,665,500

6,063,444

5,675,170

CURRENT ASSETS

Debtors

6

37,140

29,745

Cash at bank and in hand

181,723

482,984

218,863

512,729

CREDITORS

Amounts falling due within one year

7

105,938

115,342

NET CURRENT ASSETS

112,925

397,387

TOTAL ASSETS LESS CURRENT LIABILITIES

6,176,369

6,072,557

CREDITORS

Amounts falling due after more than one year

8

(121,192

)

(126,538

)

PROVISIONS FOR LIABILITIES

11

(386,877

)

(289,794

)

NET ASSETS

5,668,300

5,656,225

CAPITAL AND RESERVES

Called up share capital

12

200

200

Fair value reserve

13

4,873,786

4,580,761

Retained earnings

13

794,314

1,075,264

SHAREHOLDERS' FUNDS

5,668,300

5,656,225

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 30 December 2025 and were signed on its behalf by:

Mrs I S Hassan - Director

Mrs F A Vahdettin - Director

1.	STATUTORY INFORMATION

S. Djevdet & Son 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 (£).

2.	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 as modified by the revaluation of certain assets.

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 includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on cost

Investment property

Under FRS 102 Section 16, investment property is not depreciated. Instead, it is measured at fair value at each reporting date, with changes in fair value recognized in profit or loss. Any improvement costs are capitalized and included in the fair value measurement, but they are also not depreciated separately.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

354,149

DEPRECIATION

At 1 April 2024

344,479

Charge for year

2,426

At 31 March 2025

346,905

NET BOOK VALUE

At 31 March 2025

7,244

At 31 March 2024

9,670

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

5,665,500

Revaluations

390,700

At 31 March 2025

6,056,200

NET BOOK VALUE

At 31 March 2025

6,056,200

At 31 March 2024

5,665,500

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

3,587,848

Valuation in 2017

1,936,985

Valuation in 2018

(438,701

)

Valuation in 2023

(479,212

)

Valuation in 2024

(479,212

)

Valuation in 2025

390,700

Cost

1,537,792

6,056,200

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,537,792

1,537,792

Investment property was valued on an open market basis on 31 March 2025 by Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,341

4,998

Other debtors

17,799

24,747

37,140

29,745

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

25,320

42,614

Trade creditors

-

10,356

Taxation and social security

53,554

47,596

Other creditors

27,064

14,776

105,938

115,342

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

109,442

114,788

Other creditors

11,750

11,750

121,192

126,538

9.

LOANS

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

134,762

157,402

Bank loans are secured on 619a Fulham Road, London property by way of fixed charge.

Government -backed loan

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

386,877

289,794

Deferred

tax

£

Balance at 1 April 2024

289,794

Charge to Income Statement during year

97,083

Balance at 31 March 2025

386,877

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

1,075,264

4,580,761

5,656,025

Profit for the year

452,075

452,075

Dividends

(440,000

)

(440,000

)

Movement in revaluation reserv

(293,025

)

293,025

-

At 31 March 2025

794,314

4,873,786

5,668,100

14.	RELATED PARTY DISCLOSURES

Key management personnel:

At the balance sheet date, the amount due to a member of key management personnel was £5,416 (2024:£5,384). This balance represents an interest-free loan payable on demand, and presented within creditors in the notes to the financial statements.