REGISTERED NUMBER: 10905560 (England and Wales)

Square Properties And Construction Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr D Topkaya

Mrs A Topkaya

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

10905560 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Square Properties And Construction Ltd for the year ended 31 March 2026 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Square Properties And Construction Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Square Properties And Construction Ltd and state those matters that we have agreed to state to the Board of Directors of Square Properties And Construction Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Square Properties And Construction Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Square Properties And Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Square Properties And Construction Ltd. You consider that Square Properties And Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Square Properties And Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

20 October 2026

FIXED ASSETS

Property, plant and equipment

3

1,117

1,489

Investment property

4

2,411,188

1,481,878

2,412,305

1,483,367

CURRENT ASSETS

Debtors

5

104,888

96,226

Cash at bank and in hand

13,567

78,778

118,455

175,004

CREDITORS

Amounts falling due within one year

6

1,784,753

1,591,773

NET CURRENT LIABILITIES

(1,666,298

)

(1,416,769

)

TOTAL ASSETS LESS CURRENT LIABILITIES

746,007

66,598

CREDITORS

Amounts falling due after more than one year

7

(652,565

)

-

PROVISIONS FOR LIABILITIES

9

(257

)

-

NET ASSETS

93,185

66,598

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

93,085

66,498

SHAREHOLDERS' FUNDS

93,185

66,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by:

Mr D Topkaya - Director

1.	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.

Turnover

Turnover comprises rental income from residential properties and is recognised on an accruals basis over the period to which the tenancy agreements relate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment properties are stated at fair value at each reporting date. Gains and losses arising from changes in fair value are recognised in profit or loss. Investment properties are not depreciated.

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 statement of financial position date.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

2,647

DEPRECIATION

At 1 April 2025

1,158

Charge for year

372

At 31 March 2026

1,530

NET BOOK VALUE

At 31 March 2026

1,117

At 31 March 2025

1,489

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,481,878

Additions

929,310

At 31 March 2026

2,411,188

NET BOOK VALUE

At 31 March 2026

2,411,188

At 31 March 2025

1,481,878

Directors' Assessment of Valuation

No independent external valuation of the investment properties was obtained during the year. The directors have assessed the fair value of the investment properties based on their knowledge of the properties and current market conditions. Based on this assessment, the directors consider that the carrying amounts of the investment properties approximate their fair values at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

104,888

96,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,485

2,449

Taxation and social security

8,086

9,954

Other creditors

1,774,182

1,579,370

1,784,753

1,591,773

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

652,565

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage loans

652,565

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Mortgage loans

652,565

-

The mortgage loans are secured by legal charges over the company's investment properties and are subject to negative pledge provisions.

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

257

-

Deferred

tax

£

Charge to Income Statement during year

257

Balance at 31 March 2026

257

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2025

66,498

Profit for the year

26,587

At 31 March 2026

93,085

12.	RELATED PARTY DISCLOSURES

Transactions with members of key management personnel:

At the year end, the company owed £1,582,706 (2025: £1,510,134) to members of key management personnel. The balances are interest-free and repayable on demand. The amounts are included within creditors: amounts falling due within one year.

Related party balances:

The company has outstanding balances with entities under the common control of the directors. At the year end, amounts due to these entities totalled £187,000 (2025: £65,000). The balances are interest-free and repayable on demand. The amounts are included within creditors: amounts falling due within one year.