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REGISTERED NUMBER: 10025593 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Susash Sheffield Ltd

Susash Sheffield Ltd (Registered number: 10025593)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Susash Sheffield Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S Sathiyavadivelu
Mr T Shankar
Mr C Surabaskaran





REGISTERED OFFICE: 24
Baron Grove
Mitcham
Surrey
CR4 4EH





REGISTERED NUMBER: 10025593 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Susash Sheffield Ltd (Registered number: 10025593)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 60,467 38,292
Investment property 5 761,350 761,350
821,817 799,642

CURRENT ASSETS
Debtors 6 116,000 10,675
Cash at bank and in hand 129,575 51,503
245,575 62,178
CREDITORS
Amounts falling due within one year 7 (181,942 ) (177,972 )
NET CURRENT ASSETS/(LIABILITIES) 63,633 (115,794 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

885,450

683,848

CREDITORS
Amounts falling due after more than one year 8 (382,299 ) (387,211 )
NET ASSETS 503,151 296,637

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 11 503,148 296,634
SHAREHOLDERS' FUNDS 503,151 296,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Susash Sheffield Ltd (Registered number: 10025593)

Statement of Financial Position - continued
31 March 2023


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 July 2023 and were signed on its behalf by:





Mr T Shankar - Director


Susash Sheffield Ltd (Registered number: 10025593)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Susash Sheffield 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Susash Sheffield Ltd (Registered number: 10025593)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 42,551 11,220 - 53,771
Additions 2,244 19,748 15,300 37,292
At 31 March 2023 44,795 30,968 15,300 91,063
DEPRECIATION
At 1 April 2022 12,454 3,025 - 15,479
Charge for year 6,468 5,589 3,060 15,117
At 31 March 2023 18,922 8,614 3,060 30,596
NET BOOK VALUE
At 31 March 2023 25,873 22,354 12,240 60,467
At 31 March 2022 30,097 8,195 - 38,292

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 761,350
NET BOOK VALUE
At 31 March 2023 761,350
At 31 March 2022 761,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 115,000 9,000
Other debtors 1,000 1,125
Prepayments - 550
116,000 10,675

Susash Sheffield Ltd (Registered number: 10025593)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1 -
Salary & Wages Control 46,157 42,955
BBL Loan 40,000 50,000
Amounts owed to group undertakings - 73,805
Tax 43,281 (7,663 )
Social security and other taxes 7,884 11,673
Pension 2,179 1,802
Other creditors 540 -
Accrued expenses 41,900 5,400
181,942 177,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 382,299 387,211

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 382,299 387,211

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3 Ordinary £1 3 3

11. RESERVES
Retained
earnings
£   

At 1 April 2022 296,634
Profit for the year 206,514
At 31 March 2023 503,148