REGISTERED NUMBER: 10186656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SNR PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss R Suri

Mr S Suri

REGISTERED OFFICE:

Sital House

3-6 Cattle Market

Loughborough

Leicestershire

LE11 3DL

REGISTERED NUMBER:

10186656 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

3,619

3,710

Investment property

5

8,110,000

8,935,000

8,113,619

8,938,710

CURRENT ASSETS

Debtors

6

37,946

62,217

Cash at bank

403,327

2,399

441,273

64,616

CREDITORS

Amounts falling due within one year

7

(5,340,988

)

(5,277,769

)

NET CURRENT LIABILITIES

(4,899,715

)

(5,213,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,213,904

3,725,557

CREDITORS

Amounts falling due after more than one year

8

(3,621,500

)

(3,959,000

)

NET LIABILITIES

(407,596

)

(233,443

)

CAPITAL AND RESERVES

Called up share capital

3

3

Fair value reserve

(305,254

)

(161,150

)

Retained earnings

(102,345

)

(72,296

)

(407,596

)

(233,443

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

Mr S Suri - Director

1.	STATUTORY INFORMATION

SNR Property Ltd is a private limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis. In assessing this, the directors prepare annual forecasts to ensure that the company has sufficient facilities in place to meet its liabilities as they fall due. Annual reviews are conducted with the company’s lender to proactively discuss any loan facilities maturing within the next year. This ensures sufficient time to arrange new or replacement financing, enabling a seamless transition and avoiding disruptions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.

Rent receivable is invoiced monthly in advance and appropriate accounting timing adjustments are made to defer the income as necessary.

Tangible fixed assets

Tangible fixed assets are measured at cost and subsequently measured at cost or revaluation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment

10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

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

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

3,910

Additions

333

At 31 December 2025

4,243

DEPRECIATION

At 1 January 2025

200

Charge for year

424

At 31 December 2025

624

NET BOOK VALUE

At 31 December 2025

3,619

At 31 December 2024

3,710

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

8,935,000

Disposals

(725,000

)

Revaluations

(100,000

)

At 31 December 2025

8,110,000

NET BOOK VALUE

At 31 December 2025

8,110,000

At 31 December 2024

8,935,000

Investment properties with a carrying amount of £8,110,000 (2024: £8,935,000) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

Three of the investment properties were revalued by BNP Paribas Real Estate on 6 November 2025. The remaining properties were last valued in December 2023. The directors are satisfied that these valuations remain representative of the properties' fair values at 31 December 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,274

4,572

Amounts owed by participating interests

-

24,542

Other debtors

31,672

33,103

37,946

62,217

The amounts owed by participating interests represent amounts receivable from companies controlled by the Suri family.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

15,933

10,735

Amounts owed to participating interests

5,207,973

5,204,685

Other creditors

117,082

62,349

5,340,988

5,277,769

The amounts owed to participating interests represent amounts payable to companies controlled by the Suri family.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,621,500

3,959,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

3,621,500

3,959,000

The bank loans with Handelsbanken plc are secured by a company debenture and first legal charges over the company's investment properties. In addition, the loans are supported by unlimited corporate guarantees from 3 R Construction & Property Development Limited and KRNS Properties Ltd, both of which are entities controlled by the Suri family.