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REGISTERED NUMBER: 00816246 (England and Wales)







Unaudited Financial Statements

for the Year Ended

30 September 2023

for

Suland Investments Limited

Suland Investments Limited (Registered number: 00816246)






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 Investments Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr M A Gillingham
Mr A F Gilbertson



SECRETARY: Mrs K D Parsons



REGISTERED OFFICE: 87 Whiteladies Road
Clifton
Bristol
BS8 2NT



REGISTERED NUMBER: 00816246 (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 Investments 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 Investments Limited (Registered number: 00816246)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,572 14,952
Investments 5 127 127
Investment property 6 4,015,938 4,015,938
4,028,637 4,031,017

CURRENT ASSETS
Debtors 7 798,703 764,959
Cash at bank 453,394 507,918
1,252,097 1,272,877
CREDITORS
Amounts falling due within one year 8 131,530 139,632
NET CURRENT ASSETS 1,120,567 1,133,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,149,204

5,164,262

PROVISIONS FOR LIABILITIES 510,521 510,521
NET ASSETS 4,638,683 4,653,741

Suland Investments Limited (Registered number: 00816246)

Statement of Financial Position - continued
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 102 102
Share premium 54 54
Fair value reserve 11 2,176,434 2,176,434
Retained earnings 2,462,093 2,477,151
SHAREHOLDERS' FUNDS 4,638,683 4,653,741

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





Mr A F Gilbertson - Director


Suland Investments Limited (Registered number: 00816246)

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

1. STATUTORY INFORMATION

Suland Investments 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, service charges 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
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 fair value 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 Investments Limited (Registered number: 00816246)

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Investments in subsidiary companies
Investments in subsidiary companies are included at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Suland Investments Limited (Registered number: 00816246)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 3,000 26,295 52,647 19,159 101,101
Additions - 235 - 1,379 1,614
At 30 September 2023 3,000 26,530 52,647 20,538 102,715
DEPRECIATION
At 1 October 2022 1,925 25,805 42,103 16,316 86,149
Charge for year 269 91 2,636 998 3,994
At 30 September 2023 2,194 25,896 44,739 17,314 90,143
NET BOOK VALUE
At 30 September 2023 806 634 7,908 3,224 12,572
At 30 September 2022 1,075 490 10,544 2,843 14,952

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 127
NET BOOK VALUE
At 30 September 2023 127
At 30 September 2022 127

Suland Investments Limited (Registered number: 00816246)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 4,015,938
NET BOOK VALUE
At 30 September 2023 4,015,938
At 30 September 2022 4,015,938

Fair value at 30 September 2023 is represented by:
£   
Valuation in 1997 1,255,959
Valuation in 2002 784,885
Valuation in 2007 1,786,936
Valuation in 2012 (1,284,000 )
Valuation in 2013 (579,931 )
Valuation in 2017 1,000,000
Valuation in 2022 (276,893 )
Cost 1,328,982
4,015,938

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 1,328,982 1,328,982

Investment properties were valued on an open market basis on 30 September 2022 by the directors .

7. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Amounts owed by associates 1,656 1,556
Due from Suland Investmentos 60,533 60,533
Prepayments and accrued income 1,458 1,373
63,647 63,462

Suland Investments Limited (Registered number: 00816246)

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

7. DEBTORS - continued
30.9.23 30.9.22
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 735,056 701,497

Aggregate amounts 798,703 764,959

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 54,569 20,513
Tax - 41,197
Social security and other taxes 5,452 5,560
Other creditors 50,445 66,607
Directors' current accounts 17,205 1,875
Accrued expenses 3,859 3,880
131,530 139,632

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank overdrafts 54,569 20,513

The bank loans are secured by legal mortgages over all the investment properties.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
102 Share capital 1 £1 102 102

Suland Investments Limited (Registered number: 00816246)

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

11. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 2,176,434

12. CONTINGENT LIABILITIES

The company, along with its subsidiaries, except Suland Residential Limited, is party to a composite unlimited multilateral guarantee in favour of its bankers. The potential contingent liability in respect of this guarantee as at 30 September 2023 is £54,569 (2022 - £20,513). This amount represents 1.359% of group investment and development properties (2022 - 0.005%).

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £2,000) were paid to the directors .

M A Gillingham
Director

During the year the company entered into the following transactions with the director:

2023 2022

Capital introduced 15,330 1,594

Capital withdrawn - -

At the year end the amount owed to the director was £17,205 (2022 - £1,875).

14. ULTIMATE CONTROLLING PARTY

The controlling party is P R Penha.