Registration number: 03479783

Sawgrass Property Investments Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Sawgrass Property Investments Limited

Company Information

Directors

R Robson D Robson

Company secretary

D Lawrence-Smyth

Registered office

29 Highfield Road Bromley Kent BR1 2JN

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Sawgrass Property Investments Limited

Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	903	1,204
Investment property	5	4,278,000	4,438,000
		4,278,903	4,439,204
Current assets
Debtors	6	16,084	18,600
Cash at bank and in hand		45,704	177,351
		61,788	195,951
Creditors: Amounts falling due within one year	7	(211,279)	(44,202)
Net current (liabilities)/assets		(149,491)	151,749
Total assets less current liabilities		4,129,412	4,590,953
Creditors: Amounts falling due after more than one year	7	(1,469,795)	(1,469,795)
Provisions for liabilities		(475,422)	(630,882)
Net assets		2,184,195	2,490,276
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		2,183,195	2,489,276
Shareholders' funds		2,184,195	2,490,276

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.

Sawgrass Property Investments Limited

Statement of Financial Position as at 31 December 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Sawgrass Property Investments Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 2 November 2026 and signed on its behalf by:
 

.........................................

R Robson

Director

Company registration number: 03479783

Sawgrass Property Investments 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:
29 Highfield Road
Bromley
Kent
BR1 2JN

The principal activity of the company is that of property investment.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a loss in the year, but had net assets at 31 December 2025 of £2,184,195. The company continues to receive rental income as demanded and meets its obligations as they fall due.

The loss for the year principally arose from significant remedial works undertaken on the company’s investment properties. The directors expect these works to support the generation of additional rental income over the foreseeable future.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Revenue represents the total amount received or receivable by the company in respect of rental income (excluding VAT) in the ordinary course of the company's activities.

The company recognises rental income evenly over the period of the lease or licence.

Sawgrass Property Investments Limited

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge 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 statement of financial position 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
Furniture, fittings and equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors 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.

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.

Sawgrass Property Investments Limited

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

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 income statement 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.

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 during the year, was 2 (2024: 2).

Sawgrass Property Investments Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	10,908	10,908
At 31 December 2025	10,908	10,908
Depreciation
At 1 January 2025	9,704	9,704
Charge for the year	301	301
At 31 December 2025	10,005	10,005
Carrying amount
At 31 December 2025	903	903
At 31 December 2024	1,204	1,204

5	Investment properties

Fair value	2025 £
At 1 January 2025	4,438,000
Fair value adjustments	(160,000)
At 31 December 2025	4,278,000

The investment properties are included at fair value at 31 December 2025 as estimated by the directors at an amount of £4,278,000 based upon their knowledge of the market.

6

Debtors

	2025 £	2024 £
Trade debtors	5,192	7,778
Other debtors	10,892	10,822
	16,084	18,600

Sawgrass Property Investments Limited

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

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	9,937	4,951
Taxation and social security	561	1,160
Accruals and deferred income	9,600	6,600
Other creditors	191,181	31,491
	211,279	44,202