S. T. Suterwalla & Sons Ltd

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 United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD

These financial statements were authorised for issue by the Board on 23 September 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.

Revenue recognition

Turnover comprises rental income from investment properties.

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.

Tax

The tax expense for the period comprises current 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.

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.

S. T. Suterwalla & Sons Ltd

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

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 & fittings	15% on cost

Investment property

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

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	2,196	1,744
UK corporation tax adjustment to prior periods	-	(242)
	2,196	1,502

S. T. Suterwalla & Sons Ltd

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

5	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2025	5,510	5,510
At 31 December 2025	5,510	5,510
Depreciation
At 1 January 2025	3,114	3,114
Charge for the year	934	934
At 31 December 2025	4,048	4,048
Carrying amount
At 31 December 2025	1,462	1,462
At 31 December 2024	2,396	2,396

6	Investment properties

	2025 £
At 1 January	360,000
At 31 December	360,000

The fair value of the property has been arrived at on the basis of a valuation carried out at that date by a director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

The cost of the investment property and refurbishment was £489,948.

7

Debtors

Current	2025 £	2024 £
Prepayments	1,092	3,316
Other debtors	525	525
	1,617	3,841

S. T. Suterwalla & Sons Ltd

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

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Corporation tax	2,196	1,744
Accruals and deferred income	2,100	4,200
Rent Deposit	1,150	1,150
Director current account	719	719
	6,165	7,813

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	350,722	350,722

S. T. Suterwalla & Sons Ltd

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

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

10

Dividends

		2025		2024
		£		£
Final dividend of £900.00 (2024 - £Nil) per ordinary share		90,000		Nil

11	Related party transactions

Summary of transactions with all entities with common control or significant interest

All the directors and shareholders of this company are also directors of Conville Limited, a UK registered company.

Loans from related parties

2025	Entities with common control or significant influence £	Total £
At start of period	350,722	350,722
At end of period	350,722	350,722

2024	Entities with common control or significant influence £	Total £
At start of period	350,722	350,722
At end of period	350,722	350,722