Southwark Estates (One) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11492926

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,036		21,693

			18,036		21,693
CURRENT ASSETS
Stocks	5	95,859,542		46,407,183
Debtors	6	10,689,415		3,400,981
Cash at bank and in hand		1,614,146		26

		108,163,103		49,808,190
Creditors: Amounts Falling Due Within One Year	7	(64,803,172 )		(24,406,747 )

NET CURRENT ASSETS (LIABILITIES)			43,359,931		25,401,443

TOTAL ASSETS LESS CURRENT LIABILITIES			43,377,967		25,423,136

Creditors: Amounts Falling Due After More Than One Year	8		(44,286,048 )		(25,989,935 )

NET LIABILITIES			(908,081 )		(566,799 )

CAPITAL AND RESERVES
Called up share capital	9		2,000		2,000
Profit and Loss Account			(910,081 )		(568,799 )

SHAREHOLDERS' FUNDS			(908,081)		(566,799)

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Southwark Estates (One) Limited

Balance Sheet (continued)

As At 31 December 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Omer Weinberger

Director

30/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Southwark Estates (One) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11492926 . The registered office is 5th Floor, Tennyson House, 159-165 Great Portland Street, London, W1W 5PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The company has generated a loss in the year of £341,282 (2024: £220,935) and has net liabilities at year end date of £908,081 (2024: £566,799).

The company started taking reservations on units in 2023. This strategy can help optimise the portfolio by capitalising on the units' value and market demand. At the date of signing the accounts, the company has exchanged to sell 65 units, total value of £36.3m. Our sales strategy is targeted to international buyers as the UK market has slowed due to inflation and the cost-of-living crisis. The international market’s appetite for investment remains strong. We are constantly reviewing the interest from investors and owner-occupiers and are flexible in adjusting our focus to secure the best sales performance possible.

Based on the above, the director considers it appropriate to continue to adopt the going concern basis and

expects the company to continue to be able to meet its liabilities in the foreseeable future.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

8 years on a straightline basis.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Southwark Estates (One) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	29,265

As at 31 December 2025	29,265

Depreciation
As at 1 January 2025	7,572
Provided during the period	3,657

As at 31 December 2025	11,229

Net Book Value
As at 31 December 2025	18,036

As at 1 January 2025	21,693

5. Stocks

	2025	2024
	£	£
Stock - Development	95,859,542	46,407,183

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	10,689,415	3,400,981

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,735,822	4,568,469
Other creditors	56,067,350	19,838,278

	64,803,172	24,406,747

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Trade creditors	44,286,048	25,989,935

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,000	2,000

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Southwark Estates (One) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Related Party Transactions

Included in other debtors is an amount of £6,241,979 (2024: £1,546,027) owed from Avanton Capital Ltd, a company controlled by the director.

Included in other creditors is an amount of £Nil (2024: £81,452) owed to Avanton Ltd, a company controlled by the director.

Included in other creditors is an amount of £1,096,234 (2024: £983,511) owed from Avanton OKR(2) Limited, a company having significant interest in Southwark Estates (One) Limited.

Included in other creditors is an amount of £40,326,044 (2024: £12,404,475) due to Housing Growth Partnership III LP,and £11,431,929 (2024: £6,032,164) due to Southwark Estates (One) Hold Co Ltd. Both companies have significant interest in Southwark Estates (One) Limited.

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