REGISTERED NUMBER: 02699826 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2025

FOR

SHERIOL THIRTY - TWO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr R T Sperring

Mrs L M Sperring

REGISTERED OFFICE:

1st Floor

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

REGISTERED NUMBER:

02699826 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

FIXED ASSETS

Investments

4

202

202

Investment property

5

9,719,251

8,727,953

9,719,453

8,728,155

CURRENT ASSETS

Debtors

6

2,957,248

2,642,849

Cash at bank

85,849

4,775

3,043,097

2,647,624

CREDITORS

Amounts falling due within one year

7

1,673,925

2,050,205

NET CURRENT ASSETS

1,369,172

597,419

TOTAL ASSETS LESS CURRENT LIABILITIES

11,088,625

9,325,574

CREDITORS

Amounts falling due after more than one year

8

(5,841,359

)

(4,403,072

)

PROVISIONS FOR LIABILITIES

(635,585

)

(607,635

)

NET ASSETS

4,611,681

4,314,867

CAPITAL AND RESERVES

Called up share capital

1,010

1,010

Capital redemption reserve

110,375

110,375

Fair value reserve

3,959,755

3,840,603

Retained earnings

540,541

362,879

SHAREHOLDERS' FUNDS

4,611,681

4,314,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2025 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.

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 28 October 2026 and were signed on its behalf by:

Mr R T Sperring - Director

1.	STATUTORY INFORMATION

Sheriol Thirty - Two Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The presentation currency of the financial statements is Pound Sterling (£).

2.	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 as modified by the revaluation of certain assets.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Sheriol Thirty - Two Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

INVESTMENT PROPERTIES

Investment property is carried at fair value determined by the directors, professional external valuers may be used as and when the directors feel it is necessary. Fair value is derived from current market rents and investment property yields from comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The directors continuously monitor the fair value of the property and if a material movement occurs this will be included in the financial statements. Changes in fair value are recognised in the profit and loss. No depreciation is provided.

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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FIXED ASSET INVESTMENTS

Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.

SHORT-TERM DEBTORS AND CREDITORS

Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance.

REVENUE RECOGNITION

Other operating income represents the amounts receivable by the company, excluding VAT, in respect of commercial property letting services provided.

Rents received are recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Camargue West Bromwich Limited

2

2

Camargue Monks Brook Limited

100

100

Castle Sunbury Limited

100

100

202

202

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 October 2024

8,727,953

Additions

2,041,298

Disposals

(1,120,000

)

Revaluations

70,000

At 30 October 2025

9,719,251

NET BOOK VALUE

At 30 October 2025

9,719,251

At 30 October 2024

8,727,953

Cost or valuation at 30 October 2025 is represented by:

Cost

5,487,360

Valuation in

1996

198,950

Valuation in

2003

861,117

Valuation in

2006

375,000

Valuation in

2007

260,000

Valuation in

2008

(251,863

)

Valuation in

2009

313,099

Valuation in

2011

123,746

Valuation in

2013

(33,000

)

Valuation in

2015

221,831

Valuation in

2016

475,704

Valuation in

2018

473,214

Valuation in

2019

(648,392

)

Valuation in

2020

1,867,722

Valuation in

2021

1,402,031

Valuation in

2022

(1,271,865

)

Valuation in

2023

(282,504)

Valuation in

2025

147,101

Total

9,719,251

The investment property was valued on 30 October 2025 at fair value as determined by the Directors. Details on the assumptions made are given in note 2.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

(17,168

)

8,170

Other debtors

341,498

343,042

Amounts owed by group undertakings

1,570,026

1,308,836

Directors' loan accounts

990,000

958,758

Tax

4,509

-

VAT

44,179

18,676

Prepayments

24,204

5,367

2,957,248

2,642,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

36,309

66,136

Trade creditors

36,000

130,333

Amounts owed to group undertakings

1,474,905

1,682,333

Tax

-

22,856

Other creditors

26,983

28,600

Accruals & deferred income

99,728

119,947

1,673,925

2,050,205

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (between 2-5 years)

-

6,436

Bank loans (after 5 years)

5,841,359

4,396,636

5,841,359

4,403,072

All of the above loans are secured on the company's investment properties.

9.	CAPITAL COMMITMENTS

At 30 October 2025 the company had no contractual commitments for the acquisition of fixed assets (31 October 2024: £nil).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Directors owed the company £990,000 (2024: £958,758). Interest of £38,702 was charged at a commercial rate.

11.	RELATED PARTY DISCLOSURES

At the beginning of the year, the company was owed amounts totalling £1,308,836 from associated companies. During the year various transactions took place and as a result of this the company is owed £1,570,026 at the balance sheet date. These sums are unsecured and repayable on demand, with no interest charged.

At the beginning of the year, the company owed associated companies and entities £1,682,333. During the year various transactions took place and as a result of this the company owed associated companies £1,474,905 at the balance sheet date. These loans are repayable on demand, no interest is being charged and no security has been provided by the company.

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 Balance Sheet. Readers are cautioned that the 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 Sheriol Thirty - Two Limited for the year ended 30 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Sheriol Thirty - Two Limited, 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 Sheriol Thirty - Two Limited and state those matters that we have agreed to state to the Board of Directors of Sheriol Thirty - Two Limited, 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 Sheriol Thirty - Two Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sheriol Thirty - Two Limited 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 Sheriol Thirty - Two Limited. You consider that Sheriol Thirty - Two Limited 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 Sheriol Thirty - Two Limited. 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.

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

Date: .............................................