ACCOUNTS - Final Accounts preparation

Company registration number: 16200062

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 MARCH 2026

	SOLAR PROPERTY 2832 LTD


SOLAR PROPERTY 2832 LTD

COMPANY INFORMATION

Directors	V Potschisvili
	A Tarlo


Registered number	16200062


Registered office	33 Sackville Street
	London
	W1S 3EB


Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


SOLAR PROPERTY 2832 LTD 16200062

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026
Note		£

Fixed assets
Investment property	4		22,884,780
			22,884,780
Current assets
Debtors		3,895,722
Cash at bank and in hand		53,577
		3,949,299
Creditors: amounts falling due within one year	5	(26,099,917)
Net current (liabilities)/assets			(22,150,618)
Total assets less current liabilities			734,162
Provisions for liabilities
Deferred tax	6	(185,395)
			(185,395)
Net assets			548,767

Capital and reserves
Called up share capital			100
Profit and loss account			548,667
			548,767

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SOLAR PROPERTY 2832 LTD 16200062

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Tarlo

Director

Date: 21 October 2026

The notes on pages 3 to 7 form part of these financial statements.

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SOLAR PROPERTY 2832 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

1.	General information

Solar Property 2832 Ltd is a private company limited by shares, incorporated in England and Wales, company registration number 16200062. Its registered office is 33 Sackville Street, London, W1S 3EB.

The company was incorporated and began trading on 22 January 2025. The accounts cover the long period ending 31 March 2026.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have assessed the company’s future cash flow requirements and are satisfied that the company will be able to meet its liabilities as they fall due. The company is supported by a £20m loan from the parent company which will not be recalled until the company is able to repay without affecting the ability to continue to trade. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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SOLAR PROPERTY 2832 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Investment property

Investment property is carried at fair value determined annually by the directors in consultation with external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

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SOLAR PROPERTY 2832 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the period was 2.

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SOLAR PROPERTY 2832 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	22,143,200
	Surplus on revaluation	741,580
	At 31 March 2026	22,884,780

Included in cost as at 31 March 2026 is £426,561 of capitalised interest.

The 2026 valuations were made by the directors in consultation with external valuers , on an open market value basis.

5.	Creditors: Amounts falling due within one year
		2026
		£

	Bank loans	5,928,557
	Trade creditors	165,597
	Amounts owed to group undertakings	20,000,043
	Accruals and deferred income	5,720
		26,099,917

The bank loan is secured through fixed and floating charges over the Company's freehold investment property.

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SOLAR PROPERTY 2832 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2026

6.	Deferred taxation

		2026
		£

	Charged to profit or loss	(185,395)
	At end of year	(185,395)

	The deferred taxation balance is made up as follows:
					2026
					£

	Deferred tax on revaluation	(185,395)
		(185,395)

7.	Related party transactions
	Included within other debtors is an amount totalling £3,405,000 owed by a related company with common directorship. This amount has been provided interest free and is repayable on demand.

8.	Post balance sheet events

Subsequent to the year end, on 19 August 2026, the company refinanced its existing secured loan facility. The existing facility was repaid and replaced with a new secured facility to refinance the existing borrowing and fund the ongoing development of the property.

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