Company Registration No. 11511978 (England and Wales)
Sweetman Property Ltd
Unaudited accounts
for the year ended 31 August 2025
Sweetman Property Ltd
Unaudited accounts
Contents
Sweetman Property Ltd
Company Information
for the year ended 31 August 2025
Director
Mr Jason Sweetman
Company Number
11511978 (England and Wales)
Registered Office
246 Godstone Road
Whyteleafe
Surrey
CR3 0EF
United Kingdom
Sweetman Property Ltd
Statement of financial position
as at 31 August 2025
Investment property
1,957,804
1,907,804
Cash at bank and in hand
(6,472)
23,147
Creditors: amounts falling due within one year
(28,672)
(20,183)
Net current (liabilities)/assets
(38,594)
1,164
Total assets less current liabilities
1,919,210
1,908,968
Creditors: amounts falling due after more than one year
(848,775)
(838,656)
Net assets
1,070,435
1,070,312
Called up share capital
1
1
Revaluation reserve
1,086,833
1,086,833
Profit and loss account
(16,399)
(16,522)
Shareholders' funds
1,070,435
1,070,312
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 May 2026 and were signed on its behalf by
Mr Jason Sweetman
Director
Company Registration No. 11511978
Sweetman Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
Sweetman Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11511978. The registered office is 246 Godstone Road, Whyteleafe, Surrey, CR3 0EF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis.The companies ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 September 2024
1,907,804
Net gain from fair value adjustments
50,000
At 31 August 2025
1,957,804
Amounts falling due after more than one year
Accrued income and prepayments
(3,450)
(1,800)
Sweetman Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
5,257
5,912
Taxes and social security
202
1,621
Other creditors
17,578
5,567
Loans from directors
5,635
7,083
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
718,407
669,400
Other creditors
130,368
169,256
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company is under the control of Mr Jason Sweetman throughout the current year.He is the sole director and the shareholder holding 100% shares in the company.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).