Registration number: 06193881

Satila Property UK Limited

Contents

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

Satila Property UK Limited

Company Information

Directors

Nils Lennart Grebelius Carl Oliver Grebelius Ted Lennart Grebelius

Registered office

80-83 Long Lane London United Kingdom EC1A 9ET

Auditors

Carbon Accountancy Limited Chartered Accountants and Statutory Auditors80-83 Long Lane London EC1A 9ET

Satila Property UK Limited

(Registration number: 06193881)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,850	1,048
Investment property	5	20,800,000	20,500,000
Investments	6	1	1
		20,829,851	20,501,049
Current assets
Debtors	7	1,678,637	1,782,651
Cash at bank and in hand		722,694	3,327,523
		2,401,331	5,110,174
Creditors: Amounts falling due within one year	8	(9,350,818)	(9,558,907)
Net current liabilities		(6,949,487)	(4,448,733)
Total assets less current liabilities		13,880,364	16,052,316
Provisions for liabilities		(2,914,039)	(2,839,040)
Net assets		10,966,325	13,213,276
Capital and reserves
Called up share capital	9	2,000	2,000
Share premium reserve		-	2,470,800
Other reserves		10,582,295	10,357,295
Retained earnings		382,030	383,181
Shareholders' funds		10,966,325	13,213,276

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 6 August 2026 and signed on its behalf by:
 

......................................... Ted Lennart Grebelius Director

Satila Property UK Limited

Notes to the 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:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

These financial statements were authorised for issue by the Board on 6 August 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.

Going concern

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

The directors have given consideration to the foreseeable future based on formal finance projections. The bank loan agreement with SEB Bank is due for renewal in June 2027, which has the option to roll annually until end of June 2030 and the directors are confident that the agreement will be extended.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 6 August 2026 was John Leyden FCA, who signed for and on behalf of Carbon Accountancy Limited.

.........................................

Revenue recognition

Revenue represents rental income which is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental income is recognised on an accrual basis over the period of the rental agreements.

Satila Property UK Limited

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

Dilapidation income
The Company recognises dilapidation income when it becomes entitled to receive compensation from a tenant for failure to comply with lease obligations, typically related to repair or reinstatement of a leased property at the end of the lease term.

Dilapidation income is recognised in profit or loss as other operating income unless it is directly related to specific remedial works carried out by the Company, in which case it may be offset against those costs where appropriate.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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	25% straight line
Fixtures and fittings	25% straight line
Office equipment	25% straight line

Investment property

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

Satila Property UK Limited

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

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Satila Property UK Limited

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

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2025	801,996	801,996
Additions	29,802	29,802
At 31 December 2025	831,798	831,798
Depreciation
At 1 January 2025	800,948	800,948
Charge for the year	1,000	1,000
At 31 December 2025	801,948	801,948
Carrying amount
At 31 December 2025	29,850	29,850
At 31 December 2024	1,048	1,048

5	Investment properties

	2025 £
At 1 January	20,500,000
Fair value adjustments	300,000
At 31 December	20,800,000

Fair value is based on a valuation by an independent professional valuer report on 19 June 2026.

Satila Property UK Limited

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

6	Investments

	2025 £	2024 £
Investments in subsidiaries	1	1