Suevi Developments Ltd 12547255 false 2025-05-01 2026-04-30 2026-04-30 The principal activity of the company is letting. Digita Accounts Production Advanced 6.30.9574.0 true 12547255 2025-05-01 2026-04-30 12547255 2026-04-30 12547255 bus:OrdinaryShareClass1 2026-04-30 12547255 core:CurrentFinancialInstruments 2026-04-30 12547255 core:CurrentFinancialInstruments core:WithinOneYear 2026-04-30 12547255 bus:SmallEntities 2025-05-01 2026-04-30 12547255 bus:AuditExemptWithAccountantsReport 2025-05-01 2026-04-30 12547255 bus:FilletedAccounts 2025-05-01 2026-04-30 12547255 bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 12547255 bus:RegisteredOffice 2025-05-01 2026-04-30 12547255 bus:Director1 2025-05-01 2026-04-30 12547255 bus:Director2 2025-05-01 2026-04-30 12547255 bus:Director3 2025-05-01 2026-04-30 12547255 bus:OrdinaryShareClass1 2025-05-01 2026-04-30 12547255 bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 12547255 bus:Agent1 2025-05-01 2026-04-30 12547255 countries:England 2025-05-01 2026-04-30 12547255 2025-04-30 12547255 2024-05-01 2025-04-30 12547255 2025-04-30 12547255 bus:OrdinaryShareClass1 2025-04-30 12547255 core:CurrentFinancialInstruments 2025-04-30 12547255 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12547255

Suevi Developments Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2026

Suevi Developments Ltd

Contents

Company Information | 1
Statement of financial position | 2
Notes to the Unaudited Financial Statements | 3 to 5

Suevi Developments Ltd

Company Information

Directors | Mrs JW Parsons Mr C Parsons Dr S Thomas-Parsons

Registered office | All Saints House Church Road Barton Bendish Kings Lynn Norfolk PE33 9GF

Accountants | Hayhow & Co. Chartered Certified Accountants & Business AdvisersUnit 21 Horsley's Fields King's Lynn Norfolk PE30 5DD

Suevi Developments Ltd

(Registration number: 12547255)
Statement of financial position as at 30 April 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investment property | 4 | 528,485 | 528,485
Current assets |  |  |
Debtors | 5 | 783 | 307
Cash at bank and in hand |  | 8,534 | 11,781
|  | 9,317 | 12,088
Creditors: Amounts falling due within one year | 6 | (370,492) | (389,067)
Net current liabilities |  | (361,175) | (376,979)
Total assets less current liabilities |  | 167,310 | 151,506
Provisions for liabilities |  | (18,036) | (18,036)
Net assets |  | 149,274 | 133,470
Capital and reserves |  |  |
Called up share capital | 7 | 3 | 3
Revaluation reserve |  | 76,892 | 76,892
Retained earnings |  | 72,379 | 56,575
Shareholders' funds |  | 149,274 | 133,470

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 13 July 2026 and signed on its behalf by:

......................................... Mrs JW Parsons Director

Suevi Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
All Saints House
Church Road
Barton Bendish
Kings Lynn
Norfolk
PE33 9GF

These financial statements were authorised for issue by the Board on 13 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Suevi Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

4 | Investment properties

| 2026 £
At 1 May | 528,485
At 30 April | 528,485

Suevi Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Valuation was carried out on 03 November 2021 by Brown & Co who are independent valuers.

5 | Debtors

Current | 2026 £ | 2025 £
Prepayments | 327 | 307
Other debtors | 456 | -
| 783 | 307

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Trade creditors |  | - | 80
Amounts due to related parties |  | 360,997 | 380,997
Social security and other taxes |  | - | 349
Accruals |  | 530 | 515
Tax liability |  | 5,115 | 5,151
Payments on account |  | 3,850 | 1,975
|  | 370,492 | 389,067

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary Shares of £1 each | 3 | 3 | 3 | 3

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.