Registered number
14438626
SUTTONS INVESTMENTS LIMITED
Filleted Accounts
31 October 2023
SUTTONS INVESTMENTS LIMITED
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5 & 6
SUTTONS INVESTMENTS LIMITED
Company Information
Directors
S J Sutton
A J Sutton
Accountants
N W Potter & Co
Station House
Station Road
Betchworth
Surrey
RH3 7BZ
Registered office
Highfield Lodge
Windmill Hill
Exning
Newmarket
CB8 7PB
Registered number
14438626
SUTTONS INVESTMENTS LIMITED
Registered number: 14438626
Directors' Report
The directors present their report and accounts for the period ended 31 October 2023.
Principal activities
The company's principal activity during the period was the management of commercial rented property owned by the company
Directors
The following persons served as directors during the period:
S J Sutton
A J Sutton
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 8 April 2024 and signed on its behalf.
S J Sutton
Director
SUTTONS INVESTMENTS LIMITED
Registered number: 14438626
Balance Sheet
as at 31 October 2023
Notes 2023
£
Fixed assets
Tangible assets 3 1,921,500
Current assets
Debtors 4 3,082
Cash at bank and in hand 20,177
23,259
Creditors: amounts falling due within one year 5 (36,913)
Net current liabilities (13,654)
Total assets less current liabilities 1,907,846
Creditors: amounts falling due after more than one year 6 (1,817,357)
Net assets 90,489
Capital and reserves
Called up share capital 20
Profit and loss account 90,469
Shareholders' funds 90,489
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
S J Sutton
Director
Approved by the board on 8 April 2024
SUTTONS INVESTMENTS LIMITED
Notes to the Accounts
for the period from 24 October 2022 to 31 October 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).
Rents & Services
Rents & Services income represents Rents, Insurance and other related Services receivable for the period covered by the Accounts in accordance with leases and other related documents.
Tangible fixed assets
Where applicable, tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land & buildings not depreciated
Fixtures, fittings, tools and equipment over 10 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 1,921,499 1 1,921,500
At 31 October 2023 1,921,499 1 1,921,500
Depreciation
At 31 October 2023 - - -
Net book value
At 31 October 2023 1,921,499 1 1,921,500
4 Debtors 2023
£
Other debtors 3,082
5 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 34,913
Other creditors 2,000
36,913
6 Creditors: amounts falling due after one year 2023
£
Directors loan Account 1,817,357
7 Other information
SUTTONS INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Highfield Lodge
Windmill Hill
Exning
Newmarket
CB8 7PB
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