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Registration number: 04931391

Searle Estates Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Searle Estates Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Searle Estates Limited

Company Information

Directors | Richard James Searle James Searle

Registered office | Mid-Kent Shopping Centre Castle Road Maidstone Kent ME16 0PU

Accountants | Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB

Searle Estates Limited

(Registration number: 04931391)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 7 | 498 | 1,230
Current assets |  |  |
Debtors | 8 | 16,297 | 15,712
Cash at bank and in hand |  | 116,274 | 145,322
|  | 132,571 | 161,034
Creditors: Amounts falling due within one year | 9 | (35,853) | (42,092)
Net current assets |  | 96,718 | 118,942
Net assets |  | 97,216 | 120,172
Capital and reserves |  |  |
Called up share capital | 10 | 200 | 200
Retained earnings |  | 97,016 | 119,972
Shareholders' funds |  | 97,216 | 120,172

For the financial year ending 31 March 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 Profit and Loss Account.

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

......................................... James Searle Director

Searle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

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

The address of its registered office is:
Mid-Kent Shopping Centre
Castle Road
Maidstone
Kent
ME16 0PU

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.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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 periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Searle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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 revenue is recognised on completion of the property transaction to which it relates. The property management income is recognised over the management period on a pro rata basis. Whilst income from the placing of new tenants is recognised at the point that the tenant takes occupation of the property.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% per annum of cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Searle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | It is being written off in equal installments over its estimated economic life at 10 years.

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 4 (2025 - 5).

Searle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Profit before tax

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation expense | 732 | 1,319

5 | Taxation

Tax charged/(credited) in the income statement

| 2026 £ | 2025 £
Current taxation |  |
UK corporation tax | 16,810 | 15,649

6 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2025 | 10,000 | 10,000
At 31 March 2026 | 10,000 | 10,000
Amortisation
At 1 April 2025 | 10,000 | 10,000
At 31 March 2026 | 10,000 | 10,000
Carrying amount
At 31 March 2026 | - | -

Searle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 10,263 | 10,263
At 31 March 2026 | 10,263 | 10,263
Depreciation
At 1 April 2025 | 9,033 | 9,033
Charge for the year | 732 | 732
At 31 March 2026 | 9,765 | 9,765
Carrying amount
At 31 March 2026 | 498 | 498
At 31 March 2025 | 1,230 | 1,230

8 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 9,651 | 7,364
Prepayments | 6,646 | 8,348
| 16,297 | 15,712

9 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Taxation and social security | 20,940 | 27,874
Accruals and deferred income | 14,875 | 14,180
Other creditors | 38 | 38
| 35,853 | 42,092

Searle Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares A of £1 each | 100 | 100 | 100 | 100
Ordinary shares B of £1 each | 100 | 100 | 100 | 100
| 200 | 200 | 200 | 200

11 | Dividends

Interim dividends paid

|  | 2026 £ |  | 2025 £
Interim dividend of £Nil per each Ordinary shares A |  | - |  | -
Interim dividend of £830.00 (2025 - £855.00) per each Ordinary shares B |  | 83,000 |  | 85,500
|  | 83,000 |  | 85,500

12 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2026 £ | 2025 £
Remuneration | 8,400 | 8,400

Summary of transactions with other related parties

James Searle
(A director and shareholders of the company)
During the year the company paid a salary of £8,400 (2025: £8,400) to James Searle, and dividends of £83,000 (2025: £85,500) were paid to him and his wife. At the balance sheet date the amount due to James Searle was £nil (2025: £nil).