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REGISTERED NUMBER: 11348733 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

SUTTON CARTER HOLDINGS LTD

SUTTON CARTER HOLDINGS LTD (REGISTERED NUMBER: 11348733)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUTTON CARTER HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2021







DIRECTOR: Mr Shahid Ashraf





REGISTERED OFFICE: 6 Sovereign Court
Graham Street
Birmingham
West Midlands
B1 3JR





REGISTERED NUMBER: 11348733 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

SUTTON CARTER HOLDINGS LTD (REGISTERED NUMBER: 11348733)

BALANCE SHEET
31 MAY 2021

31.5.21 31.5.20
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 7,778,870 1,493,015

CURRENT ASSETS
Debtors 5 13,221 13,488
Cash at bank and in hand 260,991 277,395
274,212 290,883
CREDITORS
Amounts falling due within one year 6 2,594,728 983,127
NET CURRENT LIABILITIES (2,320,516 ) (692,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,458,354

800,771

CREDITORS
Amounts falling due after more than one
year

7

435,564

-
NET ASSETS 5,022,790 800,771

CAPITAL AND RESERVES
Called up share capital 440,000 440,000
Non-Distributable Reserves 3,582,430 -
Retained earnings 1,000,360 360,771
5,022,790 800,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SUTTON CARTER HOLDINGS LTD (REGISTERED NUMBER: 11348733)

BALANCE SHEET - continued
31 MAY 2021


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 director and authorised for issue on 27 August 2022 and were signed by:





Mr Shahid Ashraf - Director


SUTTON CARTER HOLDINGS LTD (REGISTERED NUMBER: 11348733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021


1. STATUTORY INFORMATION

Sutton Carter Holdings Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

SUTTON CARTER HOLDINGS LTD (REGISTERED NUMBER: 11348733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2020 1,493,015
Additions 2,823,425
Disposals (120,000 )
Revaluations 3,582,430
At 31 May 2021 7,778,870
NET BOOK VALUE
At 31 May 2021 7,778,870
At 31 May 2020 1,493,015

Fair value at 31 May 2021 is represented by:
£   
Valuation in 2022 3,582,430
Cost 4,196,440
7,778,870

If investment property had not been revalued it would have been included at the following historical cost:

31.5.21 31.5.20
£    £   
Cost 4,196,440 -

Investment property was valued on desktop basis on 31 May 2022 by The Online Property Agency .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 31.5.20
£    £   
Other debtors 13,221 13,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.21 31.5.20
£    £   
Tax 230,083 70,673
VAT - 22,500
Other creditors 150,000 -
Other Creditors 1,283,283 880,181
Directors' current accounts 929,362 5,273
Accrued expenses 2,000 4,500
2,594,728 983,127

SUTTON CARTER HOLDINGS LTD (REGISTERED NUMBER: 11348733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.21 31.5.20
£    £   
Other loans - 2-5 years 435,564 -