Company No: 09877840 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	Ms N Sharifi
	Ms S Sharifi

Registered office	C/O Kreston Reeves Llp Nile House
	Nile Street
	Brighton
	BN1 1HW
	United Kingdom

Company number

09877840 (England and Wales)

Accountant	Kreston Reeves LLP
	Projects Nile House
	Nile Street
	Brighton
	BN1 1HW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S.N. Real Estate Investment Ltd for the financial year ended 30 November 2025 which comprise the Balance Sheet and the related notes 1 to 6 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of S.N. Real Estate Investment Ltd, as a body, in accordance with the terms of our engagement letter dated 08 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of S.N. Real Estate Investment Ltd and state those matters that we have agreed to state to the Board of Directors of S.N. Real Estate Investment Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S.N. Real Estate Investment Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that S.N. Real Estate Investment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of S.N. Real Estate Investment Ltd. You consider that S.N. Real Estate Investment Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of S.N. Real Estate Investment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Projects Nile House
Nile Street
Brighton
BN1 1HW

19 August 2026

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	2,080,000		2,000,000
		2,080,000		2,000,000
Current assets
Debtors	4	2,887		0
Cash at bank and in hand		1,469		5,297
		4,356		5,297
Creditors: amounts falling due within one year	5	( 356,091)		( 281,146)
Net current liabilities		(351,735)		(275,849)
Total assets less current liabilities		1,728,265		1,724,151
Creditors: amounts falling due after more than one year	6	( 2,090,000)		( 2,000,000)
Net liabilities		( 361,735)		( 275,849)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 361,835 )		( 275,949 )
Total shareholders' deficit		( 361,735)		( 275,849)

For the financial year ending 30 November 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of S.N. Real Estate Investment Ltd (registered number: 09877840) were approved and authorised for issue by the Board of Directors on 18 August 2026. They were signed on its behalf by:

Ms N Sharifi Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

S.N. Real Estate Investment Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Kreston Reeves Llp Nile House, Nile Street, Brighton, BN1 1HW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The going concern basis is considered to be appropriate as the company is dependent upon the support of its directors and loan provider. The directors and loan provider have indicated that their support will continue for the foreseeable future. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of the assets to their recoverable amount, to provide for any further liabilities which might arise and recalssify fixed assets as current assets.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the rental income received or receivable.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Short term creditors are measured at the transaction price.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	2,000,000
Additions	90,843
Fair value movement	(10,843)
As at 30 November 2025	2,080,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	2,153,869		2,153,869

4. Debtors

	2025		2024
	£		£
Other debtors	2,887		0

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other loans	353,571		270,871
Accruals	2,520		2,400
Other creditors	0		7,875
	356,091		281,146

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other loans (secured)	2,090,000		2,000,000

The loan is secured by a fixed charge over the company's investment properties, 163 Terminus Road, Eastbourne, BN21 3NX, 172 Terminus Road, Eastbourne, BN21 3BB, 176 Terminus Road, Eastbourne, BN21 3BB, 5 Gildredge Road, Eastbourne, BN21 4RB and 5 Gildredge Road, Flat 3, Eastbourne, BN21 4RB.