REGISTERED NUMBER: 03715358 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Somerland Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Gray

J D Gray

SECRETARY:

J D Gray

REGISTERED OFFICE:

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

REGISTERED NUMBER:

03715358 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Investment property

5

391,000

407,000

CURRENT ASSETS

Debtors

6

324,131

441,247

Cash at bank

7,996

267,767

332,127

709,014

CREDITORS

Amounts falling due within one year

7

117,192

390,051

NET CURRENT ASSETS

214,935

318,963

TOTAL ASSETS LESS CURRENT LIABILITIES

605,935

725,963

CREDITORS

Amounts falling due after more than one year

8

(203,459

)

(316,423

)

PROVISIONS FOR LIABILITIES

(1,773

)

(6,333

)

NET ASSETS

400,703

403,207

CAPITAL AND RESERVES

Called up share capital

40

40

Capital redemption reserve

10

60

60

Fair value reserve

10

7,559

18,999

Retained earnings

10

393,044

384,108

SHAREHOLDERS' FUNDS

400,703

403,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 3 August 2026 and were signed on its behalf by:

S J Gray - Director

1.	STATUTORY INFORMATION

Somerland Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover

Turnover represents rent receivable, excluding value added tax.

Investment property

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date that are expected to apply to the reversal of the timing difference.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

407,000

Revaluations

(16,000

)

At 28 February 2026

391,000

NET BOOK VALUE

At 28 February 2026

391,000

At 28 February 2025

407,000

The investment property is valued annually by the directors on an open market existing use basis.

The historical cost of the investment property amount to £381,668 (2025: £381,668).

6.

DEBTORS

28.2.26

28.2.25

£

£

Amounts falling due within one year:

Other debtors

120,672

124,824

Amounts falling due after more than one year:

Other debtors

203,459

316,423

Aggregate amounts

324,131

441,247

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

-

2,304

Taxation and social security

2,068

68,413

Other creditors

115,124

319,334

117,192

390,051

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Other creditors

203,459

316,423

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Other loans

-

218,762

10.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 March 2025

384,108

60

18,999

403,167

Deficit for the year

(2,504

)

(2,504

)

Revaluation of property

16,000

-

(16,000

)

-

Deferred tax provision

(4,560

)

-

4,560

-

At 28 February 2026

393,044

60

7,559

400,663