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REGISTERED NUMBER: 02839905 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Summertree Estates Limited

Summertree Estates Limited (Registered number: 02839905)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Summertree Estates Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: M J Roberts





SECRETARY: M J Roberts





REGISTERED OFFICE: 4th Floor
167 Fleet Street
London
EC4A 2EA





REGISTERED NUMBER: 02839905 (England and Wales)





ACCOUNTANTS: Elliotts Shah
Chartered Accountants
4th Floor
167 Fleet Street
London
EC4A 2EA

Summertree Estates Limited (Registered number: 02839905)

Balance Sheet
31 March 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 4 1 1
Debtors 5 9,434 493
Cash at bank - 793,081
9,435 793,575
CREDITORS
Amounts falling due within one year 6 5,192 793,509
NET CURRENT ASSETS 4,243 66
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,243

66

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 4,143 (34 )
SHAREHOLDERS' FUNDS 4,243 66

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 14 August 2022 and were signed by:





M J Roberts - Director


Summertree Estates Limited (Registered number: 02839905)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Summertree Estates 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.

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.

Going concern
After considering the company's prospects, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable from property development activities for the year, excluding value added tax.

Stocks
Stocks are valued at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. STOCKS
2022 2021
£    £   
Parcel of land 1 1

The cost stated above relates to a parcel of land adjoining the site that was sold in the the year ended 31 March 2018. The land currently has little value as it is simply a strip that leads to another parcel of land not owned by the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 9,434 -
Tax - 493
9,434 493

Summertree Estates Limited (Registered number: 02839905)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings - 787,412
Corporation tax 2,900 -
Directors' current accounts 492 6,097
Accruals and deferred income 1,800 -
5,192 793,509

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2021 (34 )
Profit for the year 14,177
Dividends (10,000 )
At 31 March 2022 4,143

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
M J Roberts
Balance outstanding at start of year (6,097 ) (7,857 )
Amounts advanced 21,048 1,760
Amounts repaid (15,443 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (492 ) (6,097 )

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of MJR Holdings Ltd which is under the control of the director, M Roberts, by virtue of his beneficial interest in that company.