2023-01-01 00168306 2023-12-31 00168306 2023-01-01 2023-12-31 00168306 2022-12-31 00168306 2022-01-01 2022-12-31 00168306 uk-core:WithinOneYear 2022-12-31 00168306 uk-core:WithinOneYear 2023-12-31 00168306 uk-core:ShareCapital 2023-12-31 00168306 uk-core:ShareCapital 2022-12-31 00168306 uk-core:InvestmentPropertiesRevaluationReserve 2023-12-31 00168306 uk-core:InvestmentPropertiesRevaluationReserve 2022-12-31 00168306 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 00168306 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 00168306 uk-bus:Director1 2023-01-01 2023-12-31 00168306 uk-bus:Director2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 00168306 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00168306 uk-bus:FRS102 2023-01-01 2023-12-31 00168306 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 00168306 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Draft
The Sunninghill Comrades Limited
Registered Number:00168306
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 December 2023
The Sunninghill Comrades Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
00168306
As at 31 December 2023
The Sunninghill Comrades Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
2
1,949,303
2,040,459
Investment property
1,949,303
2,040,459
Current assets
Trade and other receivables
471
12,676
3
125,009
Cash and cash equivalents
57,934
70,610
125,480
Trade and other payables: amounts falling due within one
year
(3,222)
(1,021)
4
122,258
69,589
Net current assets
Total assets less current liabilities
2,018,892
2,162,717
(393,538)
(416,327)
Provisions for liabilities
1,625,354
Net assets
1,746,390
Capital and reserves
Called up share capital
964
949
Fair value reserve
1,673,310
1,604,943
Retained earnings
(48,920)
140,498
1,625,354
1,746,390
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
John William Robinson Director
Angela Joyce Robinson Director
These financial statements were approved and authorised for issue by the Board on 25 July 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 31 December 2023
The Sunninghill Comrades Limited
Notes to the Financial Statements
Statutory Information
The Sunninghill Comrades Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00168306.
Registered address:
1 Bagshot Road
Sunninghill
Ascot
Berkshire
SL5 9NZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Changes in accounting policies
As a result of the implemention of FRS 102, deferred tax is now calculated and accrued in respect of the revaluation of investment properties. Prior year balances have been adjusted accordingly.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment property
Investment properties are included in the balance sheet at their estimated open market value at the balance sheet date. The resulting aggregate surplus or deficit is shown in the income statement with associated deferred tax and the net cummulative profit transferred to a fair value reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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5
Draft
For the year ended 31 December 2023
The Sunninghill Comrades Limited
Notes to the Financial Statements Continued
2. Investment property
Total
£
Fair value
At 01 January 2023
2,040,459
Fair value adjustments
(91,156)
At 31 December 2023
1,949,303
Net book value
At 31 December 2023
1,949,303
At 31 December 2022
2,040,459
3. Trade and other receivables
2022
2023
£
£
Trade debtors
318
471
Other debtors
12,358
-
471
12,676
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
649
604
Taxation and social security
-
2,261
Other creditors
372
357
1,021
3,222
5. Guarantees and other financial commitments
6. Average number of persons employed
During the year the average number of employees was 0
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