Company registration number 13395736 (England and Wales)
S2 STROUD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
S2 STROUD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
S2 STROUD LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
480,090
628,976
Investment property
5
2,918,574
3,172,867
3,398,664
3,801,843
Current assets
Debtors
6
26,154
234,875
Cash at bank and in hand
22,686
60,201
48,840
295,076
Creditors: amounts falling due within one year
7
(2,351,360)
(2,526,834)
Net current liabilities
(2,302,520)
(2,231,758)
Total assets less current liabilities
1,096,144
1,570,085
Creditors: amounts falling due after more than one year
8
(2,571,592)
(2,178,502)
Provisions for liabilities
(138,400)
(138,400)
Net liabilities
(1,613,848)
(746,817)
Capital and reserves
Called up share capital
1,200
1,200
Revaluation reserve
415,201
415,201
Profit and loss reserves
(2,030,249)
(1,163,218)
Total equity
(1,613,848)
(746,817)
S2 STROUD LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 May 2026 and are signed on its behalf by:
Mr S Berg
Director
Company registration number 13395736 (England and Wales)
S2 STROUD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 June 2023
1,200
415,201
(515,209)
(98,808)
Year ended 31 May 2024:
Loss and total comprehensive income
-
-
(648,009)
(648,009)
Balance at 31 May 2024
1,200
415,201
(1,163,218)
(746,817)
Year ended 31 May 2025:
Loss and total comprehensive income
-
-
(867,031)
(867,031)
Balance at 31 May 2025
1,200
415,201
(2,030,249)
(1,613,848)
S2 STROUD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
1
Accounting policies
Company information

S2 Stroud Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Gallery Court, 28 Arcadia Avenue, London, N3 2FG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reduced basis
Fixtures and fittings
25% Reduced basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

S2 STROUD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors, credit cards, loans from fellow group companies, are initially recognised at transaction price.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

S2 STROUD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024
839,151
Additions
11,145
At 31 May 2025
850,296
Depreciation and impairment
At 1 June 2024
210,175
Depreciation charged in the year
160,031
At 31 May 2025
370,206
Carrying amount
At 31 May 2025
480,090
At 31 May 2024
628,976
S2 STROUD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
5
Investment property
2025
£
Fair value
At 1 June 2024
3,172,866
Additions
136,324
Disposals
(390,616)
At 31 May 2025
2,918,574

The fair value of the investment property has been arrived at on the basis of a valuation carried out by Chartered Surveyors who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
26,154
234,875
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
762
Trade creditors
9,704
76,791
Other creditors
2,341,656
2,449,281
2,351,360
2,526,834
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,571,592
2,178,502
S2 STROUD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
9
Related party transactions

The current year balance sheet includes the following related party transactions:

- Amount due from S2 Stroud Operations Limited £Nil (202 4: £221,890).

- Amount due from S2 Caversham Limited £nil (202 4: £6,540).

- Amount due to S2 Farringdon Limited £Nil (202 4: £16,065).

- Amount due to S2 Folkestone Limited £Nil (202 4: £72).

- Amount due to S2 Estates Limited £Nil (202 4: £75,636).

All companies stated above are UK registered companies, owed by the ultimate beneficiary owner and director of S2 Stroud Limited. All loans are unsecured and repayable on demand. No interest were accrued for the loans

In addition to the above, we also have shareholders loans which are shown in the accounts under other creditors. The balances of these are as follows:

- Amount due to Harridore Limited £302,340 (202 4: £264,522).

- Amount due to Briarcliff Capital Limited £1 77,818 (202 4: £140,000).

- Amount due to LSI Property Development Ltd £1,8 2 3,677 (202 4: £1,522,46 8).

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