Registered number
13439330
SURREY HILLS CAPITAL LIMITED
Unaudited Filleted Accounts
31 March 2023
SURREY HILLS CAPITAL LIMITED
Registered number: 13439330
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 306,717 150,330
Current assets
Cash at bank and in hand 21,670 4,920
Creditors: amounts falling due within one year 4 (368,013) (201,200)
Net current liabilities (346,343) (196,280)
Net liabilities (39,626) (45,950)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (40,626) (46,950)
Shareholder's funds (39,626) (45,950)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D H DUNSDON
Director
Approved by the board on 11 July 2023
SURREY HILLS CAPITAL LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
The company is a financial concern which has no recognised turnover. Disposals of listed investments held as fixed assets are not included as turnover but the resulting profit or loss is credited or charged to profit and loss.
Fixed asset investments
Listed investments are held for investment purposes and are measured at fair value at the balance sheet date. Changes in fair value are included in the profit and loss account as profits or losses. Profits and losses resulting from transactions completed during the period are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
Cash flow statement
The company has not prepared a cash flow statement as it is a wholly owned subsidiary of Surrey Hills Investments Limited in whose financial statements the company's results are consolidated.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies the directors are required to make judgements, estimations and assumptions about the carrying amounts of assets and liabilities that are not readilly apparent from other sources. The estimates and associated assumptions are based on experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of revision and future periods where the revision affects both current and future periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Listed
investments
£
Fair value
At 1 April 2022 150,330
Additions 149,547
Revaluation 6,840
At 31 March 2023 306,717
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to a fellow-subsidiary company 366,213 200,000
Other creditors 1,800 1,200
368,013 201,200
The amount due to a fellow-subsidiary company is interest-free and is repayable on demand .
5 Controlling party
Throughout the period since incorporation the company has been under the control of Surrey Hills Investments Limited which is under the control of Mr D H Dunsdon.
6 Other information
SURREY HILLS CAPITAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is Coldunell House, Dawes Court, High Street, Esher, KT10 9QD.
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