Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-01falseRenting of property00truetruefalse 13633788 2022-10-01 2023-09-30 13633788 2021-09-21 2022-09-30 13633788 2023-09-30 13633788 2022-09-30 13633788 c:Director1 2022-10-01 2023-09-30 13633788 d:Buildings 2022-10-01 2023-09-30 13633788 d:Buildings 2023-09-30 13633788 d:Buildings 2022-09-30 13633788 d:CurrentFinancialInstruments 2023-09-30 13633788 d:CurrentFinancialInstruments 2022-09-30 13633788 d:Non-currentFinancialInstruments 2023-09-30 13633788 d:Non-currentFinancialInstruments 2022-09-30 13633788 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13633788 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13633788 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 13633788 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 13633788 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 13633788 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 13633788 d:ShareCapital 2023-09-30 13633788 d:ShareCapital 2022-09-30 13633788 d:RetainedEarningsAccumulatedLosses 2023-09-30 13633788 d:RetainedEarningsAccumulatedLosses 2022-09-30 13633788 c:FRS102 2022-10-01 2023-09-30 13633788 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13633788 c:FullAccounts 2022-10-01 2023-09-30 13633788 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13633788 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 13633788









SUSHE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
SUSHE PROPERTIES LIMITED
REGISTERED NUMBER: 13633788

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
369,887
369,887

  
369,887
369,887

Current assets
  

Cash at bank and in hand
 5 
7,569
2,417

  
7,569
2,417

Creditors: amounts falling due within one year
 6 
(228,177)
(226,253)

Net current liabilities
  
 
 
(220,608)
 
 
(223,836)

Total assets less current liabilities
  
149,279
146,051

Creditors: amounts falling due after more than one year
 7 
(147,544)
(147,552)

  

Net assets/(liabilities)
  
1,735
(1,501)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,635
(1,601)

  
1,735
(1,501)


Page 1

 
SUSHE PROPERTIES LIMITED
REGISTERED NUMBER: 13633788
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2024.




................................................
Shey Barrett
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SUSHE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Sushe Properties Limited is a private company limited by share capital, incorporated in England and Wales. Principal activity of the Company throughout the year was that of property rentals. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SUSHE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 4

 
SUSHE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 October 2022
369,887



At 30 September 2023

369,887






Net book value



At 30 September 2023
369,887



At 30 September 2022
369,887


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,569
2,417

7,569
2,417


Page 5

 
SUSHE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,605
4,605

Amounts owed to joint ventures
220,390
220,390

Corporation tax
384
-

Other creditors
368
118

Accruals and deferred income
2,430
1,140

228,177
226,253


The following liabilities were secured:

2023
2022
£
£



Bank loans
4,605
4,605

4,605
4,605



The bank loan is secured.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
147,544
147,552

147,544
147,552


The following liabilities were secured:

2023
2022
£
£



Bank loans
147,544
147,562

147,544
147,562



The bank loan is secured.

Page 6

 
SUSHE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,605
4,605

Amounts falling due 1-2 years

Bank loans
147,544
147,552



152,149
152,157



9.


Controlling party

The Company is controlled by the director, Shey Barrett, by virtue of his shareholding as described in the directors’ report.

 
Page 7