REGISTERED NUMBER: 11648201 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Success Properties Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

755,000

743,000

CURRENT ASSETS

Debtors

5

622

441

Cash at bank

6,001

15,502

6,623

15,943

CREDITORS

Amounts falling due within one year

6

238,179

237,570

NET CURRENT LIABILITIES

(231,556

)

(221,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

523,444

521,373

CREDITORS

Amounts falling due after more than one year

7

(443,567

)

(443,567

)

PROVISIONS FOR LIABILITIES

(15,176

)

(14,783

)

NET ASSETS

64,701

63,023

CAPITAL AND RESERVES

Called up share capital

9

2

2

Fair value reserve

10

123,584

118,098

Retained earnings

(58,885

)

(55,077

)

SHAREHOLDERS' FUNDS

64,701

63,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 24 June 2026 and were signed on its behalf by:

Mr Raj Sundar Murali - Director

1.	STATUTORY INFORMATION

Success Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11648201

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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.

Turnover

Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

The investment properties are shown at their fair market valuation that it exists on the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2024

743,000

Additions

6,120

Revaluations

5,880

At 31 October 2025

755,000

NET BOOK VALUE

At 31 October 2025

755,000

At 31 October 2024

743,000

Investment property situated at 12 ST Thomas's Drive, Bootle, L30 2QT is under a charge from The Mortgage Works (UK) PLC. The charge was created on 11 January 2022.

Investment property situated at 2 Jones Street, Tonypandy, CF40 2BZ is under a charge from The Mortgage Works (UK) PLC. The charge was created on 11 January 2022.

Investment property situated at 81 Tramway Hirwaun Aberdare Mid Glamorgan CF44 9NY is under a charge from Nottingham Building Society. The charge was created on 21 October 2022.

Investment property situated at 125 Trebanog Road, Porth, CF39 9DT is under a charge from Paragon Bank PLC. The charge was created on 26 February 2024.

Investment property situated at 52 High Street, Cymmer, Porth, CF39 9AR is under a charge from Aldermore Bank PLC. The charge was created on 29 May 2024.

Investment property situated at 9 Olive Terrace, Porth, CF39 9YU is under a charge from Aldermore Bank PLC. The charge was created on 29 May 2024.

Cost or valuation at 31 October 2025 is represented by:

£

Valuation in 2020

9,155

Valuation in 2021

10,803

Valuation in 2022

44,175

Valuation in 2024

68,748

Valuation in 2025

5,880

Cost

616,239

755,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other debtors

622

441

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Other creditors

238,179

237,570

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

443,567

443,567

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

443,567

443,567

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

443,567

443,567

The loan amounting to £68,474 is secured by the way of charge on the property situated at 12 ST Thomas's Drive, Bootle, L30 2QT (disclosed as investment property). The charge was created in the name of The Mortagage Works (UK) PLC on 11 January 2022.

The loan amounting to £60,985 is secured by the way of charge on the property situated at 2 Jones Street, Tonypandy, CF40 2BZ (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 11 January 2022.

The loan amounting to £57,264 is secured by the way of charge on the property situated at 81 Tramway, Hirwaun Aberdare Mid Glamorgan CF44 9NY (disclosed as investment property). The charge was created in the name of Nottingham Building Society on 21 October 2022.

The loan amounting to £95,995 is secured by the way of charge on the property situated at 125 Trebanog Road, Porth, CF39 9DT (disclosed as investment property). The charge was created in the name of Paragon Bank PLC on 26 February 2024.

The loan amounting to £83,599 is secured by the way of charge on the property situated at 52 High Street, Cymmer, Porth, CF39 9AR (disclosed as investment property). The charge was created in the name of Aldermore Bank PLC on 29 May 2024.

The loan amounting to £77,250 is secured by the way of charge on the property situated at 9 Olive Terrace, Porth, CF39 9YU (disclosed as investment property). The charge was created in the name of Aldermore Bank PLC on 29 May 2024.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Fair

value

reserve

£

At 1 November 2024

118,098

Transfer to/from reserves

5,486

At 31 October 2025

123,584

11.	RELATED PARTY DISCLOSURES

The company owes £160,957 (2024: £160,645) to its director, Mr Raj Sundar Murali who is also a 50% shareholder of the company as at accounting year end date.

The company owes £77,178 (2024: £76,866) to its director, Mrs Samta Navneet Sachdeo who is also a 50% shareholder of the company as at accounting year end date.