Registration number: 01208426

Suma (Developments) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Suma (Developments) Limited

Company Information

Directors

A F McLoughlin F.C.A. T P McLoughlin B. Com B.Sc (Hons)

Company secretary

F H McLoughlin

Registered office

Mercury House Sitka Drive Shrewsbury Business Park Shrewsbury SY2 6LG

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Suma (Developments) Limited

(Registration number: 01208426)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	43,342	65,119
Investment property	5	13,582,799	13,582,799
		13,626,141	13,647,918
Current assets
Debtors	6	37,661	42,866
Cash at bank and in hand		2,979	669,367
		40,640	712,233
Creditors: Amounts falling due within one year	7	(1,087,083)	(1,043,861)
Net current liabilities		(1,046,443)	(331,628)
Total assets less current liabilities		12,579,698	13,316,290
Creditors: Amounts falling due after more than one year	7	(5,344,237)	(5,678,115)
Net assets		7,235,461	7,638,175
Capital and reserves
Called up share capital	8	2,454	2,454
Share premium reserve		1,499,120	1,499,120
Capital redemption reserve		108	108
Retained earnings		5,733,779	6,136,493
Shareholders' funds		7,235,461	7,638,175

For the financial year ending 31 December 2025 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.

Suma (Developments) Limited

(Registration number: 01208426)
Balance Sheet as at 31 December 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 29 April 2026 and signed on its behalf by:
 

T P McLoughlin B. Com B.Sc (Hons) Director

Suma (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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:
Mercury House
Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from property rentals and cost recharges in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax 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.

Government grants

The company recognises government grants received on the performance basis. Grant income is included in the profit and loss account once there is reasonable assurance that the company has complied with the conditions attaching to them and that the grants will be received.

Suma (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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
Fixtures and fittings	33% straight line
Motor vehicles	20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Suma (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	117,603	105,768	223,371
Additions	490	-	490
At 31 December 2025	118,093	105,768	223,861
Depreciation
At 1 January 2025	115,944	42,308	158,252
Charge for the year	1,113	21,154	22,267
At 31 December 2025	117,057	63,462	180,519
Carrying amount
At 31 December 2025	1,036	42,306	43,342
At 31 December 2024	1,659	63,460	65,119

The carrying value of tangible fixed assets includes £42,306 (2024 - £63,460) of assets held under hire purchase agreements. Depreciation charged in the year in respect of such assets totalled £21,154 (2024 - £21,154).

Suma (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Investment properties

	2025 £
At 1 January	13,582,799
At 31 December	13,582,799

The investment properties have been revalued on an open market basis by the director, T P McLoughlin B.Com. B. SC (Hons) PG. Dip.PropInv (RICS) at 31 December 2025.

Valuations were carried out by external surveyors during 2024 and determined an open market value for the investment properties.

These valuations have formed the basis of the directors' valuation.

6

Debtors

	2025 £	2024 £
Trade debtors	28,495	28,496
Prepayments	9,166	14,370
	37,661	42,866

Suma (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	398,637	351,538
Trade creditors		8,861	6,786
Taxation and social security		274,063	235,209
Accruals and deferred income		8,927	47,781
Other creditors		396,595	402,547
		1,087,083	1,043,861

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	5,344,237	5,678,115

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary 'A' of £0.10 each	5,470	547	5,470	547
Ordinary 'B' of £0.10 each	12,324	1,232	12,324	1,232
Ordinary 'C' of £0.10 each	2,630	263	2,630	263
Ordinary 'D' of £0.10 each	4,108	411	4,108	411
	24,532	2,453	24,532	2,453

Suma (Developments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,284,000	5,614,250
Hire purchase contracts	60,237	63,865
	5,344,237	5,678,115

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	330,250	330,250
Bank overdrafts	58,722	-
Hire purchase contracts	9,665	21,288
	398,637	351,538

The bank borrowings are secured by a debenture dated 10 May 2011 from Suma (Developments) Limited and by legal charges over a number of investment properties held by the company.

The company has entered into a interest hedge agreement with Handelsbanken in order to manage the interest risk rate on its bank loans.

Liabilities under hire purchase agreements are secured against the assets to which they relate.

10	Parent and ultimate parent undertaking

The company's immediate parent is Suma Property Limited, incorporated in England and Wales.

 

The ultimate controlling entity is T P McLoughlin due to his controlling interest in the issued share capital of Suma Property Limited, the ultimate parent.