Sutherland Partners Limited 08443799 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is animal birthing product development Digita Accounts Production Advanced 6.30.9574.0 true true 08443799 2023-04-01 2024-03-31 08443799 2024-03-31 08443799 bus:OrdinaryShareClass1 2024-03-31 08443799 core:CurrentFinancialInstruments 2024-03-31 08443799 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08443799 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08443799 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08443799 core:FurnitureFittingsToolsEquipment 2024-03-31 08443799 bus:SmallEntities 2023-04-01 2024-03-31 08443799 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08443799 bus:FilletedAccounts 2023-04-01 2024-03-31 08443799 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08443799 bus:RegisteredOffice 2023-04-01 2024-03-31 08443799 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 08443799 bus:Director2 2023-04-01 2024-03-31 08443799 bus:Director5 2023-04-01 2024-03-31 08443799 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08443799 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08443799 bus:Agent1 2023-04-01 2024-03-31 08443799 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08443799 core:OfficeEquipment 2023-04-01 2024-03-31 08443799 countries:AllCountries 2023-04-01 2024-03-31 08443799 2023-03-31 08443799 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08443799 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08443799 core:FurnitureFittingsToolsEquipment 2023-03-31 08443799 2022-04-01 2023-03-31 08443799 2023-03-31 08443799 bus:OrdinaryShareClass1 2023-03-31 08443799 core:CurrentFinancialInstruments 2023-03-31 08443799 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08443799 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08443799 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 08443799 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registrar

Registration number: 08443799

Sutherland Partners Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Sutherland Partners Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sutherland Partners Limited

Company Information

Directors

HR Elliott

SM O'Dell

M Sharifi

Company secretary

HR Elliott

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Solicitors

Prettys Solicitors LLP
Elm House
25 Elm Street
Ipswich
Suffolk
IP1 2AD

Bankers

Barclays bank plc
Stowmarket
Library
Milton Road
Stowmarket
Suffolk
IP14 1EX

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Sutherland Partners Limited

(Registration number: 08443799)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

90,240

90,240

Tangible assets

5

371

495

 

90,611

90,735

Current assets

 

Debtors

6

-

2,626

Cash at bank and in hand

 

5,331

11,763

 

5,331

14,389

Creditors: Amounts falling due within one year

7

(186,028)

(189,804)

Net current liabilities

 

(180,697)

(175,415)

Total assets less current liabilities

 

(90,086)

(84,680)

Provisions for liabilities

(93)

-

Net liabilities

 

(90,179)

(84,680)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(90,279)

(84,780)

Shareholders' deficit

 

(90,179)

(84,680)

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 August 2024 and signed on its behalf by:
 

HR Elliott
Company secretary and director

 

Sutherland Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office and principle place of business is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The directors have chosen to adopt FRS 102 Section 1A as the standard for preparing the financial statements for the year ended 31 March 2024, consequently the date of transition to FRS 102 Section 1A was 1 April 2023. There has been no effect caused to the financial statements following the transactions.

These financial statements were authorised for issue by the Board on 21 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with FRS 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance method

 

Sutherland Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Intangible assets

Separately acquired patents are shown at historical cost.

Development costs in connection with the development of animal birthing prioducts are shown at historical costs


Patents, development costs and other intangible assets that have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

The development costs relate to a product which is currently being brought to the market. Amortisation will start when sales commence and charged over the sales life of the product. Full amortisation will be charged if a product does not go into production.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Sutherland Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 April 2023

10,104

80,136

90,240

At 31 March 2024

10,104

80,136

90,240

Amortisation

Carrying amount

At 31 March 2024

10,104

80,136

90,240

At 31 March 2023

10,104

80,136

90,240

Revalued assets for the year ended 31 March 2024

5

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,407

1,407

At 31 March 2024

1,407

1,407

Depreciation

At 1 April 2023

912

912

Charge for the year

124

124

At 31 March 2024

1,036

1,036

Carrying amount

At 31 March 2024

371

371

At 31 March 2023

495

495

6

Debtors

2024
£

2023
£

Prepayments

-

2,415

Other debtors

-

211

-

2,626

 

Sutherland Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

23

-

Accruals and deferred income

950

850

Other creditors

185,055

188,954

186,028

189,804

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100