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REGISTERED NUMBER: 02975594 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Sureworld Ltd

Sureworld Ltd (Registered number: 02975594)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sureworld Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: E Gurvits





SECRETARY: J Gurvits





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 02975594 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Sureworld Ltd (Registered number: 02975594)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 108 144
Investment property 5 7,956,989 7,956,989
7,957,097 7,957,133

CURRENT ASSETS
Debtors 6 1,098 6,484
Cash at bank 88,385 111,084
89,483 117,568
CREDITORS
Amounts falling due within one year 7 (1,161,725 ) (1,208,847 )
NET CURRENT LIABILITIES (1,072,242 ) (1,091,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,884,855

6,865,854

PROVISIONS FOR LIABILITIES 9 (667,101 ) (667,101 )
NET ASSETS 6,217,754 6,198,753

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserves 11 4,013,785 4,013,785
Retained earnings 11 2,203,869 2,184,868
SHAREHOLDERS' FUNDS 6,217,754 6,198,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Sureworld Ltd (Registered number: 02975594)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 15 April 2024 and were signed by:





E Gurvits - Director


Sureworld Ltd (Registered number: 02975594)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sureworld 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 balance sheet date.

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.

Turnover
Turnover represents management fees and gross rental income.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Sureworld Ltd (Registered number: 02975594)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 13,746 4,173 17,919
DEPRECIATION
At 1 February 2023 13,603 4,172 17,775
Charge for year 36 - 36
At 31 January 2024 13,639 4,172 17,811
NET BOOK VALUE
At 31 January 2024 107 1 108
At 31 January 2023 143 1 144

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 7,956,989
NET BOOK VALUE
At 31 January 2024 7,956,989
At 31 January 2023 7,956,989

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2005 864,079
Valuation in 2017 2,717,646
Valuation in 2018 520,000
Valuation in 2019 579,160
Cost 3,276,104
7,956,989

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,098 6,484

Sureworld Ltd (Registered number: 02975594)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 8) 669,590 682,289
Taxation and social security (11,534 ) (6,681 )
Other creditors 503,669 533,239
1,161,725 1,208,847

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Northern Rock 23,796 36,495
Lendco 645,794 645,794
669,590 682,289

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 667,101 667,101

Deferred
tax
£   
Balance at 1 February 2023 667,101
Balance at 31 January 2024 667,101

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 February 2023 2,184,868 4,013,785 6,198,653
Profit for the year 19,001 19,001
At 31 January 2024 2,203,869 4,013,785 6,217,654