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REGISTERED NUMBER: 02904981 (England and Wales)







Unaudited Financial Statements

for the Year Ended

30 September 2023

for

Suland International Limited

Suland International Limited (Registered number: 02904981)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 3

Notes to the Financial Statements 5


Suland International Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M A Gillingham
A F Gilbertson



SECRETARY: Mrs K D Parsons



REGISTERED OFFICE: 87 Whiteladies Road
Clifton
Bristol
BS8 2NT



REGISTERED NUMBER: 02904981 (England and Wales)



ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST



BANKERS: Handelsbanken
2nd Floor, Pembroke House
15 Pembroke Road
Clifton
Bristol
BS8 3BA




Suland International Limited

Company Information
for the Year Ended 30 September 2023







SOLICITORS: Neath Raisbeck Golding Law
St Brandon's House
27-29 Great George Street
Bristol
BS1 5QT

Suland International Limited (Registered number: 02904981)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 385,000 385,000
385,000 385,000

CURRENT ASSETS
Debtors 6 401,620 401,620
Cash at bank 11,856 2,551
413,476 404,171
CREDITORS
Amounts falling due within one year 7 1,501 30,532
NET CURRENT ASSETS 411,975 373,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,975

758,639

CREDITORS
Amounts falling due after more than one
year

8

(735,106

)

(701,547

)

PROVISIONS FOR LIABILITIES 9 (32,648 ) (32,648 )
NET ASSETS 29,221 24,444

Suland International Limited (Registered number: 02904981)

Statement of Financial Position - continued
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 139,186 139,186
Retained earnings (109,967 ) (114,744 )
SHAREHOLDERS' FUNDS 29,221 24,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 5 March 2024 and were signed on its behalf by:





A F Gilbertson - Director


Suland International Limited (Registered number: 02904981)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Suland International 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 as modified by the revaluation of certain assets.

.

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 consists of rental income receivable and other income generated from the investment properties held.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

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.

Investment properties are recorded at valuation.No depreciation is provided on freehold properties as such assets are not held for consumption, but as investments, and the properties are well maintained and externally valued on a regular open market basis.

Any surplus or deficit arising on revaluing investment properties is recognised in the revaluation reserve. Disposals are recognised on completion. Profits and losses arising are recognised through the profit and loss account; the profit on disposal is determined as the difference between the sales proceeds and the carrying amount of the asset at the commencement of the accounting period plus additions in the period..


Suland International Limited (Registered number: 02904981)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

Suland International Limited (Registered number: 02904981)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 October 2022
and 30 September 2023 2,974
DEPRECIATION
At 1 October 2022
and 30 September 2023 2,974
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 385,000
NET BOOK VALUE
At 30 September 2023 385,000
At 30 September 2022 385,000

The director has reviewed the value of investment properties and considers that current open market valuation is not less than and not greater than the current value in the financial statements. The director believes that the overall rental yield and high level of maintenance performed on the properties warrants the current values.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Due from Suland Investimentos 401,620 401,620

Suland International Limited (Registered number: 02904981)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors - 4,352
Directors' current accounts - 23,559
Accrued expenses 1,501 2,621
1,501 30,532

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Amounts owed to group undertakings 735,106 701,547

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 32,648 32,648

Deferred
tax
£   
Balance at 1 October 2022 32,648
Provision on revaluation
Balance at 30 September 2023 32,648

10. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 139,186

Suland International Limited (Registered number: 02904981)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Director20232022

Capital introduced--

Capital withdrawn23,559-

M A Gillingham

At the year end the company owed the director £Nil (2022 - £23,559).

12. ULTIMATE CONTROLLING PARTY

The controlling party is P R Penha.

The ultimate controlling party is Paulo Rogerio Penha who owns 100% of the issued share capital of the parent company.