REGISTERED NUMBER: 08477118 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

H STERLING DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Z Hanif

M Hanif

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

08477118 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

Winchmore Hill

London

N21 3NA

FIXED ASSETS

Investments

4

65,025

85,025

Investment property

5

800,000

800,000

865,025

885,025

CURRENT ASSETS

Debtors

6

1,374,131

1,534,478

Cash at bank

1,060

8,133

1,375,191

1,542,611

CREDITORS

Amounts falling due within one year

7

1,088,449

1,303,427

NET CURRENT ASSETS

286,742

239,184

TOTAL ASSETS LESS CURRENT LIABILITIES

1,151,767

1,124,209

CREDITORS

Amounts falling due after more than one year

8

(28,680

)

(24,249

)

PROVISIONS FOR LIABILITIES

9

(86,798

)

(86,798

)

NET ASSETS

1,036,289

1,013,162

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

260,392

260,392

Retained earnings

10

775,797

752,670

SHAREHOLDERS' FUNDS

1,036,289

1,013,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 28 April 2026 and were signed on its behalf by:

Z Hanif - Director

1.	STATUTORY INFORMATION

H Sterling Developments Ltd 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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable from the sales of property.

Revenue comprises rental income derived from the leasing of properties under operating leases. Revenue is recognized in the profit and loss account on an accrual basis, in accordance with the terms of the rental agreements. Revenue is measured net of Value Added Tax and other sales-related taxes. Rental income received in advance is recognised as deferred income, and rental income due but unpaid is recognised as a receivable, net of any provision for doubtful debts. Contingent rents are recognised when the relevant event or condition occurs.

Investment property

Investment property, which is property held to earn rentals or for capital appreciation or both, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure such as legal fees, property transfer taxes, and other transaction costs.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in revaluation reserve in balance sheet..

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

85,025

Impairments

(20,000

)

At 30 April 2025

65,025

NET BOOK VALUE

At 30 April 2025

65,025

At 30 April 2024

85,025

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

800,000

NET BOOK VALUE

At 30 April 2025

800,000

At 30 April 2024

800,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2023

112,190

Valuation in 2024

235,000

Cost

452,810

800,000

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

2025

2024

£

£

Cost

452,810

452,810

Investment property was valued on an open market basis on 30 April 2025 by directors. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by connected companies

1,291,631

1,224,631

Other debtors

82,500

309,847

1,374,131

1,534,478

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,000

Amounts owed to connected companies

876,878

876,878

Taxation and social security

18,095

21,678

Other creditors

193,476

394,871

1,088,449

1,303,427

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

28,680

24,249

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

86,798

86,798

Deferred

tax

£

Balance at 1 May 2024

86,798

Balance at 30 April 2025

86,798

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2024

752,670

260,392

1,013,062

Profit for the year

23,127

23,127

At 30 April 2025

775,797

260,392

1,036,189

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Z Hanif

Balance outstanding at start of year

17,995

27,076

Amounts repaid

(25,000

)

(225,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,805

)

17,995

12.	RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £876,878 (2024: £876,878) owed to a connected companies.

Included in debtors, amount falling due within one year, is an amount of £1,291,631 (2023: £1,224,631 ) owed from connected companies.

Included in creditors, amount falling due within one year, is an amount of £1,805 owed to a director of the company.

These loans are interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the company is Sterling Holdings Group Limited. The ultimate controlling party are the shareholders of Sterling Holdings Group Limited by virtue of their holdings in the parent undertaking.