Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 0 2024-07-01 false Property investment and Development of building projects.0 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11108488 2024-07-01 2025-06-30 11108488 2023-07-01 2024-06-30 11108488 2025-06-30 11108488 2024-06-30 11108488 2023-07-01 11108488 6 2024-07-01 2025-06-30 11108488 1 2024-07-01 2025-06-30 11108488 e:Director1 2024-07-01 2025-06-30 11108488 d:LeaseholdInvestmentProperty 2024-07-01 2025-06-30 11108488 d:LeaseholdInvestmentProperty 2025-06-30 11108488 d:LeaseholdInvestmentProperty 2024-06-30 11108488 d:LeaseholdInvestmentProperty 2 2024-07-01 2025-06-30 11108488 d:CurrentFinancialInstruments 2025-06-30 11108488 d:CurrentFinancialInstruments 2024-06-30 11108488 d:Non-currentFinancialInstruments 2025-06-30 11108488 d:Non-currentFinancialInstruments 2024-06-30 11108488 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 11108488 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11108488 d:Non-currentFinancialInstruments d:AfterOneYear 2025-06-30 11108488 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11108488 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-06-30 11108488 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 11108488 d:ShareCapital 2025-06-30 11108488 d:ShareCapital 2024-06-30 11108488 d:ShareCapital 2023-07-01 11108488 d:RevaluationReserve 2025-06-30 11108488 d:RevaluationReserve 6 2024-07-01 2025-06-30 11108488 d:RevaluationReserve 2024-06-30 11108488 d:RevaluationReserve 2023-07-01 11108488 d:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 11108488 d:RetainedEarningsAccumulatedLosses 2025-06-30 11108488 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 11108488 d:RetainedEarningsAccumulatedLosses 2024-06-30 11108488 d:RetainedEarningsAccumulatedLosses 2023-07-01 11108488 d:OtherDeferredTax 2025-06-30 11108488 d:OtherDeferredTax 2024-06-30 11108488 e:FRS102 2024-07-01 2025-06-30 11108488 e:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 11108488 e:FullAccounts 2024-07-01 2025-06-30 11108488 e:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11108488 f:PoundSterling 2024-07-01 2025-06-30 11108488 d:RetainedEarningsAccumulatedLosses 6 2024-07-01 2025-06-30 iso4217:GBP xbrli:pure

Registered number: 11108488 STERLINGBRIDGE PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
STERLINGBRIDGE PROPERTIES LIMITED ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STERLINGBRIDGE PROPERTIES LIMITED FOR THE YEAR ENDED 30 JUNE 2025 You consider that the Company is exempt from an audit for the year ended 30 June 2025. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year. In accordance with your instructions, I have prepared the financial statements on pages 12 from the accounting records of the Company and on the basis of information and explanations you have given to me. I have not carried out an audit or any other review, and consequently I do not express any opinion on these financial statements. Eclipse Consultancy Limited The Courtyard 14A Sydenham Road Croydon CR0 2EE 20 March 2026 Page 1
STERLINGBRIDGE PROPERTIES LIMITED REGISTERED NUMBER: 11108488 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 34,096,798 |  | 32,100,624
|  |  | 34,096,798 |  | 32,100,624
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,033,317 |  | 1,071,125 |
Cash at bank and in hand | 6 | 228,609 |  | 43,768 |
|  | 1,261,926 |  | 1,114,893 |
Creditors: amounts falling due within one year | 7 | (8,000,314) |  | (6,871,714) |
Net current liabilities |  |  | (6,738,388) |  | (5,756,821)
Total assets less current liabilities |  |  | 27,358,410 |  | 26,343,803
Creditors: amounts falling due after more than one year | 8 |  | (15,650,439) |  | (16,756,833)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (462,454) |  | - |
|  |  | (462,454) |  | -
Net assets |  |  | 11,245,517 |  | 9,586,970
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 9,703,788 |  | 9,703,788
Revaluation reserve |  |  | 1,849,814 |  | -
Profit and loss account |  |  | (308,085) |  | (116,818)
|  |  | 11,245,517 |  | 9,586,970
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. Page 2
STERLINGBRIDGE PROPERTIES LIMITED REGISTERED NUMBER: 11108488 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2026.
................................................ Chetan Vinodrai Shukla
Director
The notes on pages 5 to 12 form part of these financial statements. Page 3

|  | STERLINGBRIDGE PROPERTIES LIMITED |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
|  | Called up share capital | Revaluation reserve | Profit and loss account | Total equity
|  | £ | £ | £ | £
| At 1 July 2023 | 9,703,788 | - | 454,573 | 10,158,361
| Loss for the year | - | - | (571,391) | (571,391)
| At 1 July 2024 | 9,703,788 | - | (116,818) | 9,586,970
| Loss for the year | - | - | (191,267) | (191,267)
| Surplus on revaluation of property | - | 1,849,814 | - | 1,849,814
| At 30 June 2025 | 9,703,788 | 1,849,814 | (308,085) | 11,245,517
| The notes on pages 5 to 12 form part of these financial statements.
Page 4

STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Sterlingbridge Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: 106 Lower Addiscombe Road Croydon Surrey CR0 6AD 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The Company is financed through secured bank loans and intragroup borrowings. At 30 June 2025 the Company had net current liabilities of £6,738,388. The directors have received a formal letter of support from the parent company, Sterlingbridge Property Group Limited, confirming continued financial support for at least 12 months from the date of approval of these financial statements. The directors are satisfied that bank covenants were met at year end and remain compliant post year end.
| 2.3 | Revenue
Rental income from investment properties is recognised on a straight line basis over the lease term, net of VAT and after the effect of any rent free periods or lease incentives. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 5
STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 6
STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.12 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Page 7
STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
Page 8
STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Investment property
|  | Freehold & Leasehold investment properties
|  | £
| Valuation |
| At 1 July 2024 | 32,100,624
| Additions at cost | 212,795
| Disposals | (66,435)
| Surplus on revaluation | 1,849,814
| At 30 June 2025 | 34,096,798
The 2025 valuations were made by CVN Valuation, on an open market value for existing use basis.
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 6,813 | 56,896
| Amounts owed by group undertakings | 812,176 | 620,556
| Other debtors | 100,000 | 262,000
| Prepayments and accrued income | 114,328 | 131,673
|  | 1,033,317 | 1,071,125
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 228,609 | 43,768
|  | 228,609 | 43,768
Page 9
STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 17,695 | 17,938
| Amounts owed to group undertakings | 7,699,936 | 6,632,397
| Other creditors | 170,073 | 99,322
| Accruals and deferred income | 112,610 | 122,057
|  | 8,000,314 | 6,871,714
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 8,380,489 | 8,505,503
| Amounts owed to group undertakings | 7,269,950 | 8,251,330
|  | 15,650,439 | 16,756,833
9. | Loans
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due after more than 5 years |  |
| Bank loans | 8,380,489 | 8,505,503
|  | 8,380,489 | 8,505,503
| There is a fixed charge and a negative pledge on some of the assets of this company. | 8,380,489 | 8,505,503
Page 10
STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
10. | Loans additional informaiton
Bank loans comprise secured borrowings from Cynergy Bank Limited and Yorkshire Building Society. The loans are secured by fixed charges over the Company’s investment properties as detailed in the Companies House MR01 filings. The loans are repayable in monthly instalments of capital and interest, with interest charged at commercial variable rates. At 30 June 2025, total secured bank borrowings amounted to £8,380,489 (2024: £8,505,503), reconciled to lender statements as follows: The Company was in compliance with all financial covenants during the year.
11. | Deferred taxation
|  | 2025
|  | £
| Charged to other comprehensive income | (462,454)
| At end of year | (462,454)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Revaluation surplus | (462,454) | -
| The deferred tax arises exclusively from fair value gains on investment properties.No other deferred tax assets or liabilities arose in the year. | (462,454) | -
Page 11
STERLINGBRIDGE PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
12. | Related party transactions
| The Company is a wholly owned subsidiary of Sterlingbridge Property Group Limited, which is controlled jointly by Chetan Shukla and Vivek Shukla.During the year Sterlingbridge Properties Limited had transactions with its parent undertaking, fellow group undertakings and related parties in the normal course of business. All transactions are conducted on arm’s length terms unless otherwise stated. At the reporting date, the company had the following balances with group undertakings: Amounts payable to group undertakings Sterlingbridge Finance Ltd - £7,269,950 Sterlingbridge Finance Ltd - £1,933,016 CKMA Ltd - £2,679,279 VBPS Ltd - £2,679,279 Hive Properties Ltd - £327,430 Rapeed Group Ltd - £80,780 Balances with Sterlingbridge Finance Ltd include interest bearing loans, with interest calculated in accordance with group treasury arrangements.All other intercompany balances are repayable on demand. Amounts receivable from group undertakings Sterlingbridge Property Development Ltd - £786,649 Rapeed Forest Hill Ltd - £24,986 Sterlingbridge Property Group Ltd - £329 Rapeed Property Development Ltd - £213
13. | Post balance sheet events
The directors confirm that there were no post balance sheet events requiring adjustment or disclosure in these financial statements.
14. | Controlling party
The immediate parent undertaking is Sterling Property Group Limited who owns 100% shareholding of Sterlingbridge Properties Limited. The registered office is 106 Lower Addiscombe Road, Croydon, Surrey, CR0 6AD.
Page 12