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REGISTERED NUMBER: 10016816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SUSSEX PROPERTY AND INVESTMENTS LIMITED

SUSSEX PROPERTY AND INVESTMENTS LIMITED (REGISTERED NUMBER: 10016816)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUSSEX PROPERTY AND INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: M P P Smith
F M L Smith





SECRETARY: F M L Smith





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 10016816 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

SUSSEX PROPERTY AND INVESTMENTS LIMITED (REGISTERED NUMBER: 10016816)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Investments 4 9,601 9,601
Investment property 5 - 200,000
9,601 209,601

CURRENT ASSETS
Debtors 6 356,304 357,276
Cash at bank 234,252 1,436
590,556 358,712
CREDITORS
Amounts falling due within one year 7 (59,933 ) (32,971 )
NET CURRENT ASSETS 530,623 325,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,224

535,342

PROVISIONS FOR LIABILITIES 8 - (37,409 )
NET ASSETS 540,224 497,933

CAPITAL AND RESERVES
Called up share capital 9 6 6
Share premium 443,797 443,797
Non-distributable reserve - 36,299
Retained earnings 96,421 17,831
SHAREHOLDERS' FUNDS 540,224 497,933

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

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

SUSSEX PROPERTY AND INVESTMENTS LIMITED (REGISTERED NUMBER: 10016816)

BALANCE SHEET - continued
31 October 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 March 2024 and were signed on its behalf by:





M P P Smith - Director


SUSSEX PROPERTY AND INVESTMENTS LIMITED (REGISTERED NUMBER: 10016816)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Sussex Property and 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable and rental income is recognised on an accruals basis.

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

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The property has been valued using an open market valuation on freehold basis, conducted annually by M P P Smith, director.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 balance sheet date.


SUSSEX PROPERTY AND INVESTMENTS LIMITED (REGISTERED NUMBER: 10016816)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 9,601
NET BOOK VALUE
At 31 October 2023 9,601
At 31 October 2022 9,601

The company's fixed asset investments at the balance sheet date reflect the 100% ownership of the ordinary £1 shares in Sant Agata Property Holdings & Investments Limited, an investment property management company.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 200,000
Disposals (200,000 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 200,000


SUSSEX PROPERTY AND INVESTMENTS LIMITED (REGISTERED NUMBER: 10016816)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 356,304 357,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 40,910 -
Other creditors 19,023 32,971
59,933 32,971

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax - 37,409

Deferred
tax
£   
Balance at 1 November 2022 37,409
Investment property valuation (37,409 )
Balance at 31 October 2023 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
4 Ordinary A Shares £1 4 4
2 Ordinary B Shares £1 2 2
6 6

10. RELATED PARTY DISCLOSURES

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.