Surgite Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13697011

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		393,381		415,542

			393,381		415,542
CURRENT ASSETS
Debtors	5	554		465
Cash at bank and in hand		4,499		2,156

		5,053		2,621
Creditors: Amounts Falling Due Within One Year	6	(176,956 )		(164,274 )

NET CURRENT ASSETS (LIABILITIES)			(171,903 )		(161,653 )

TOTAL ASSETS LESS CURRENT LIABILITIES			221,478		253,889

Creditors: Amounts Falling Due After More Than One Year	7		(257,511 )		(257,515 )

NET LIABILITIES			(36,033 )		(3,626 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(36,133 )		(3,726 )

SHAREHOLDERS' FUNDS			(36,033)		(3,626)

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Surgite Properties Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dennis Ideler

Director

31/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Surgite Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13697011 . The registered office is 1 Derwent Business Centre, Clarke Street , Derby, DE1 2BU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Straight line

2.5. Investment Properties

Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.

Changes in fair value are recognised in the profit and loss account.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2

	2	2

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Surgite Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 November 2024	415,000	2,174	417,174
Additions	10,896	510	11,406
Revaluation	(32,896 )	-	(32,896 )

As at 31 October 2025	393,000	2,684	395,684

Depreciation
As at 1 November 2024	-	1,632	1,632
Provided during the period	-	671	671

As at 31 October 2025	-	2,303	2,303

Net Book Value
As at 31 October 2025	393,000	381	393,381

As at 1 November 2024	415,000	542	415,542

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	92	-
Prepayments and accrued income	362	365
Other debtors	100	100

	554	465

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other taxes and social security	167	-
Other creditors	4,999	2,545
Accruals and deferred income	1,780	1,730
Directors' loan accounts	170,010	159,999

	176,956	164,274

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	257,511	257,515

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Surgite Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with a term of 25 years.

	2025		2024
	£		£
Bank loans and overdrafts	257,511		257,515

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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