Registration number: 12830715

Sugar & Honey Property Company Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Sugar & Honey Property Company Limited

(Registration number: 12830715)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	21,631	23,740
Investment property	5	1,290,000	1,370,000
Investments	6	47,995	47,171
		1,359,626	1,440,911
Current assets
Debtors	7	30,248	4,973
Cash at bank and in hand		6,673	14,078
		36,921	19,051
Creditors: Amounts falling due within one year	8	(102,659)	(164,048)
Net current liabilities		(65,738)	(144,997)
Total assets less current liabilities		1,293,888	1,295,914
Creditors: Amounts falling due after more than one year	8	(545,830)	(540,198)
Provisions for liabilities		(142,253)	(167,555)
Net assets		605,805	588,161
Capital and reserves
Called up share capital		100	100
Retained earnings		605,705	588,061
Shareholders' funds		605,805	588,161

Sugar & Honey Property Company Limited

(Registration number: 12830715)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 25 September 2026 and signed on its behalf by:
 

Mr J Pomphrey Director

Sugar & Honey Property Company Limited

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 England and Wales.

The address of its registered office is:
2C Flowers Hill
Brislington
Bristol
BS4 5JJ

These financial statements were authorised for issue by the Board on 25 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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future.
Thus the directors continue to adopt the going concern basis of accounting in preparing the financial
statements

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.
 

Sugar & Honey Property Company Limited

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

Finance income and costs policy

Finance income and expenses are recognised using the effective interest method.

Tax

The tax expense for the period comprises current and 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
Containers	Not depreciated
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. 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Current asset investments are included at the lower of cost and net realisable value.

Sugar & Honey Property Company Limited

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

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.

Debtors

Trade debtors are the amounts due from customers for the provision of services performed in the ordinary course of the 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Sugar & Honey Property Company Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

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

4	Tangible assets

	Containers £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	16,968	5,199	3,236	25,403
At 31 December 2025	16,968	5,199	3,236	25,403
Depreciation
At 1 January 2025	-	1,575	88	1,663
Charge for the year	-	1,300	809	2,109
At 31 December 2025	-	2,875	897	3,772
Carrying amount
At 31 December 2025	16,968	2,324	2,339	21,631
At 31 December 2024	16,968	3,624	3,148	23,740

5	Investment properties

	2025 £
At 1 January	1,370,000
Fair value adjustments	(80,000)
At 31 December	1,290,000

The properties were valued by the directors on an open market basis at the year end.

Sugar & Honey Property Company Limited

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

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2025	47,171	47,171
Additions	2,000	2,000
Fair value adjustments	(1,176)	(1,176)
At 31 December 2025	47,995	47,995
Carrying amount
At 31 December 2025	47,995	47,995

The market value of the listed investments at 31 December 2025 was £47,995 (2024 - £47,171).

7

Debtors

	2025 £	2024 £
Trade debtors	1,157	780
Prepayments	29,091	4,193
	30,248	4,973

Sugar & Honey Property Company Limited

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

8

Creditors

Due within one year	Note	2025 £	2024 £
Loans and borrowings	9	20,000	20,000
Trade creditors		18,549	5,165
Amounts due to related parties	10	1,594	79,502
Other creditors		28,533	28,223
Accruals and deffered income		8,690	15,222
Corporation tax liability		25,293	15,936
		102,659	164,048
Due after one year
Loans and borrowings	9	545,830	540,198